EET Fuels’ carbon capture project advances to the FEED stage, led by Toyo-India. This key step brings the company closer to making its Final Investment Decision for a low-carbon refinery.

EET Fuels (the “Company”, trading name of Essar Oil (UK) Ltd), which intends to build the world’s largest low-carbon process refinery, has advanced to the front-end engineering design (FEED) stage of its industrial carbon capture (ICC) project.

The Company has hired Toyo Engineering India Pvt. Ltd. (Toyo-India), a prominent Engineering, Procurement, and Construction company, to carry out the FEED phase, which is an essential component of the project management process. Toyo-India will oversee design completion, project de-risking, full cost analysis, and other critical tasks. The completion of FEED will allow the Company to make a final investment decision (FID) on the ICC project.  

The ICC project, which is slated to be completed in 2028, would collect carbon dioxide emissions from Stanlow refinery’s full-residue fluid catalytic cracking (FCC) unit, one of Europe’s largest. Taking use of Stanlow’s unique position, the captured carbon dioxide will be transported through a repurposed existing gas transportation network and permanently sequestered in depleted gas fields in Liverpool Bay as part of the HyNet industrial decarbonisation cluster in the North West of England.

The ICC project aims to capture around 1 million tonnes of CO2 annually, accounting for about 45 percent of Stanlow’s total emissions.  The project has sought for the right to negotiate a revenue support mechanism with the UK Government as part of the Department of Energy Security and Net Zero’s Track One expansion program in the carbon capture, use, and storage (CCUS) cluster sequencing process. This procedure will include the confirmation of a date for the final investment decision.

This statement followed Wood’s appointment to lead the FEED for EET Fuels’ hydrogen fuel switching project.  The advancement of both of these projects reflects the Company’s progress towards its goal of decreasing CO2 emissions at the Stanlow Refinery by 95 percent by 2030 while also establishing the UK’s premier energy transition hub.

Deepak Maheshwari, CEO at EET Fuels, states, “Our ambitious carbon capture and storage plans are a key component of Stanlow, securing the future of the refinery for generations to come and vastly reducing industrial carbon emissions in the North West.  This announcement represents a significant milestone as we work to become the world’s first low-carbon process refinery, and we look forward to working with Toyo-India to keep momentum towards achieving FID for this project.”

For more information, visit: https://www.essar.com/