LONDON (Reuters) - Essar Oil UK said on Wednesday it planned to invest 360 million pounds ($432 million) to build a carbon capture and storage (CCS) facility at its Stanlow refinery.
LONDON (Reuters) – Essar Oil UK said on Wednesday it planned to invest 360 million pounds ($432 million) to build a carbon capture and storage (CCS) facility at its Stanlow refinery.
Once complete in 2027, the CCS plant will eliminate an estimated 0.81 million tonnes of CO2 per year – the equivalent of taking 400,000 cars off the road, eliminating nearly 40% of all Stanlow emissions, Essar said.
Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: