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Ministers showcase the UK’s green future ahead of COP26 climate change conference in Glasgow COP26 President-Designate Alok Sharma marked less than six months to go until the climate change summit this November, as Government Ministers travelled across the country to see how the UK is greening all parts of society. From: 14 May 2021 COP26 President Alok Sharma spoke at Whitelee Windfarm outside of Glasgow on the urgent need for action on climate change UK Ministers visited sites across the country to showcase UK climate action and leadership towards a green economy Mr Sharma repeated wo...

Essar Oil UK to raise 400 million to evade financial troubles Essar Oil UK, the owner of Stanlow Refinery, said it has successfully addressed the required financing to replace the previous receivables facility Nevin John | April 23, 2021 | Updated 22:19 IST Essar Oil UK operates the Stanlow Refinery located on the south side of the Mersey Estuary near Liverpool Essar Oil UK, controlled by the Ruias, is in advanced negotiations with Apollo Global Management and three other banks to raise GBP 400 million to repay the credit raised against receivables from Lloyds Bank. The British lender had ce...

THE owners of the Stanlow Oil Refinery have reported an improved financial situation, following speculation about the company's future. Last week Essar admitted it had had a "very difficult 12 months" due to the Covid pandemic, and there was speculation nationally the firm was on the verge of collapse following high-level resignations and Lloyds Bank changing the terms of a credit facility. But the owners of the refinery by Ellesmere Port, which directly employs about 900 people, said the financial picture is looking positive. Essar Oil UK reported that sales of products from the Stan...

UK’s drive to net zero leaps forward as HyNet North West awarded substantial funding édité le 17/03/2021 - Plus de news de "Essar" - Voir la fiche entreprise de "Essar" Following a commitment of £72 million of funding, HyNet North West will transform the North West into the world’s first low carbon industrial cluster, playing a critical role in the UK’s transition to ‘net zero’ greenhouse gas emissions by 2050 and the global fight against climate change. HyNet North West is essential for UK Government to deliver several objectives within its 10-point plan for a green industrial revolu...

Image: nitpicker / Shutterstock The HyNet North West project has been given £72 million of funding to get underway and could play a crucial role in delivering net zero to the UK. The project is based on the production of hydrogen from natural gas and includes the development of a new hydrogen pipeline and the creation of the ‘UK’s first’ carbon capture and storage (CCS) infrastructure. It is being developed by partners from across the North West region, including Progressive Energy, Cadent, CF Fertilisers, Eni, Essar, Hanson, INOVYN and the University of Chester. The funding comprises...