Refining and Marketing
Essar Energy's refining business primarily consists of the Vadinar refinery, the second-largest private sector refinery in India, the Stanlow refinery, the second largest refinery in the United Kingdom, and a 50% interest in the Kenya Petroleum Refinery Limited. Essar Energy serves retail customers in India through a modern, countrywide network of 1,600 operational and under construction retail fuel outlets.
Vadinar refinery, Gujarat
The Vadinar Refinery in Gujarat is the second largest private
sector refinery in India. It started commercial production in May
1, 2008. Having completed its phase 1 expansion (March 2012) and
optimisation (June 2012) projects, the Vadinar refinery is now
India's second largest single - location refinery, with an annual
capacity of 20 mmtpa, or 405,000 barrels per day (bpd) up from 14.7
mmtpa/ 300,000 bpd previously, and a complexity of 11.8, up from
6.1 previously. This puts the Vadinar refinery amongst the world's
most complex refineries. The Vadinar refinery can now process a
heavier crude diet and produce higher value, high-quality products,
which will lead to increased refining margins.
Stanlow refinery, UK
Essar Energy completed the US$350 million acquisition of Stanlow
refinery, UK, on July 31, 2011. Stanlow has a nameplate capacity of
296,000 barrels per day but is currently operating at about 70% of
this level. The Stanlow Refinery lies near to Liverpool, north west
England, on the south bank of Manchester ship canal and is UK's
second biggest oil refinery. It supplies approximately 15% of
the country's transport fuel requirements. Refined fuels from
Stanlow are distributed across the UK, mainly by road and
Stanlow click here.
Essar Energy also holds a 50% interest in Kenya Petroleum
Refinery Ltd, Mombassa, a tolling refinery with a current
throughput of 1.6 mmtpa.
Essar Energy has, through a franchise model, approximately
c.1,400 operating retail fuel outlets across India, selling petrol
and diesel under the Essar brand. Additionally, the Company is
increasing non-fuel retailing activities in this portfolio of
retail outlets to provide an additional source of revenue.