The Stanlow oil refinery supplies about a sixth of Britains road fuel, and is owned by the billionaire brothers Shashi and Ravi Ruia, through their company Essar Oil UK. [17] In April 2021 the company was reported to be heavily in debt after fossil fuel demand dropped during the COVID-19 pandemic. Essar, which is ultimately owned by the Indian billionaire Ruia brothers, has previously distanced itself from its parent companys lending arrangement with the Russian bank VTB. The terminal was supplied with light oils via a 41.6km pipeline from Stanlow refinery; heavy oils were delivered by two trains per day from Stanlow, and three daily trains from Heysham refinery. "In terms of governance, we always seek to adopt best practices and, working with our advisers, we made some changes to the board in recent weeks. More information on the project is available at Essar Oil UKs website. The manufacturing complex employs 800 people. [12] Oil products were loaded into a fleet of 100 road tankers for distribution. 5) There are plenty of other newsletters to choose from too. Stanlow oil refinery faces possible industrial action is achievable. Stanlow refinery owner hit by legal resignations amid governance row The STS Transfers will enable larger ships . Taxman throws 400m lifeline to troubled Stanlow refinery - The Telegraph Oil refinery woes raise concern in Westminster over financial backers A statement said Essar's "energy transition strategy" was based on the development of more environmentally friendly fuels. Private equity firm Bartons Family Capital is weighing a takeover of the U.K. Stanlow oil refinery, The Times reported on Sunday. Concerns despite Essar reporting progress in refinancing debt, which deepened to $321m in 2021. Stanlow oil refinery to build 360m carbon capture plant
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