Here is update on Essar purchase of UK’s Stanlow Refinery. News claims Stanlow is planning spend $300 MM to upgrade for heavy oil but its too little for adding new coking unit. The stated goal is increase utilization from 75% closer to 100% Capacity to lower cost per barrel processing. But you need to read between lines.
Amid upgrade claims, the article also mentions one real reasons for purchase Stanlow -be able make UK imports of diesel/product from it’s India Vadinar Refinery that is process of a 2x & 3X expansion which IS adding coker in Phase I & another Phase II.
Not sure UK refinery can run above 75% and be dumping ground for India product exports into EU/UK markets (where Euro V Fuel – LS Diesel that Vadinar can make but has no market in India).
Regards
