Essar Oil UK has become EET Fuels
- 31/01/2024
Essar Oil UK has become EET Fuels as it delivers on its plan to become the UK’s first low carbon refinery, setting the global benchmark for lower emitting refineries and industrial decarbonisation.
For a century, the refinery based at Stanlow, on the River Mersey, has provided the fuel and chemical building blocks that people rely on for their everyday lives. EET Fuels remains committed to sustainably meeting the energy needs of the country.
EET Fuels is investing US$1.2 billion (€1.11 billion) to support industrial decarbonisation, with the ambition to deliver a 95% cut in carbon emissions associated with its production processes by 2030.
EET Fuels’ decarbonisation strategy will reduce refinery emissions with two state-of-the-art approaches:
Industrial carbon capture (ICC) which was announced in November 2022 and is scheduled to be operational by 2028. The project will result in an annual reduction of 1 million tonnes of CO2.
Hydrogen fuel switching from natural gas and other refinery fuel sources to hydrogen as a fuel, resulting in an annual reduction of 1 million tonnes of CO2.
Source: www.tankstoragemag.com