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.
(Reporting by Ron Bousso; editing by David Evans)
