New and revised entries Germany s Mineraloelraffinerie Oberrhein (Miro) was restarting units after planned maintenance, it said April 7. The restart began on April 1. The refinery was expected to ramp up throughput in April as the turnaround was coming to an end. The plant carried out a planned turnaround, starting in mid-February and lasting six weeks until the end of March. It included an upgrade aimed at increasing the conversion capacity for maximizing the output of gasoline and diesel. The maintenance was the largest in the refinery s history, it said. Around two-thirds of the facilities were halted for major inspection, including 41 units in Plant 1 and three units in Plant 2. Last year, the refinery said it was planning a major maintenance in 2021. It said at the time it would invest Eur300 million ($333 million), with two-thirds in new projects and one-third for upgrading existing units during the turnaround.
THE owners of the Stanlow oil refinery in Ellesmere Port have admitted the past 12 months have been very difficult but are optimistic of the firm s future. Reports nationally in recent days have painted a picture of woe for Essar, with several executives and advisers reportedly resigning from the company. There has also been speculation of the company s declining financial position caused by the coronavirus crisis and the subsequent economic slowdown. But Essar have now responded to the speculation, saying it is now experiencing increased demand and it remains confident in can come out stronger following the Covid crisis. A spokesperson said: Historically, Essar Oil UK has been a very profitable business that has attracted over $1 billion in investment since its acquisition in 2011. It is a long-standing private company without public shareholders.
Essar Oil UK faces financial woes, top-level exits amid Covid-19 thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Essar refinery in UK in financial trouble
The gross refining margins have fallen during the pandemic and are slightly recovering at present; Essar Oil UK said the repeated lockdowns have resulted in all refiners experiencing low demand
Nevin John | April 14, 2021 | Updated 23:30 IST
Essar Oil UK is in financial troubles due to the economic disruption consequent of the COVID-19 pandemic. The management is in discussions with the British government authorities and the lenders to resolve the issue in a few days, said a source in the know. The pandemic impact on the British economy and the resultant demand drop in transportation fuels affected the profitability of the refinery.
Stanlow refinery owners Essar Oil UK speak out about site s future
The Ellesmere Port based site employs almost 1,000 people, including many from North Wales
View from Hope Mountain of Airbus Factory with Stanlow Oil Refinery beyond (Image: Ian Cooper/Daily Post Wales)
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