Essar Oil UK to build $430 mln carbon capture facility at Stanlow refinery
LONDON, Nov 30 (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.
($1 = 0.8337 pounds)
Reporting by Ron Bousso; editing by David Evans
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