Shell to sell Stanlow refinery to Essar
By OGJ editors
HOUSTON, Mar. 29 -- Royal Dutch Shell PLC has signed an agreement to sell its 270,000-b/d Stanlow refinery in the UK to Essar (UK) Oil Ltd., a unit of India’s Essar Energy PLC, for $1.3 billion.
Essar offered to buy the refinery, near Ellesmere Port, Cheshire, in February (OGJ Online, Feb. 18, 2011).
The deal covers oil products, chemical manufacturing, and access rights to distribution terminal assets as well as commercial fuels, bulk fuels, and local marine fuels businesses associated with the refinery.
Processing capacities at the refinery include 68,000 b/d of fluid catalytic cracking, 27,000 b/d of semiregenerative catalytic reforming, 30,000 b/d of continuous regenerative reforming, 11,000 b/d of HF alkylation, and 5,700 b/d of C4 isomerization.