STANLOW (UK), May 11 -- Essar Energy Transition on Monday released its maiden In Country Value Overview Report, highlighting its contribution to the UK economy, energy security and industrial decarbonisation.
The independent report by FGE NexantECA projected that the company's operations would generate £1.9 billion in annual Gross Value Added (GVA) to the UK economy by 2035 and support nearly 10,000 long-term jobs.
As one of only four remaining UK refineries, Stanlow currently supplies 18 per cent of the country's road transport fuel and 12.5 per cent of total UK jet fuel demand, including 25 per cent of jet fuel demand from airports outside Heathrow. It also supports 50 per cent of the UK's inorganic chemicals industry.
In 2025, the company collected £4.2 billion in VAT and fuel duty, representing 0.7 per cent of all VAT receipts and 13 per cent of fuel duty receipts. It also supported 4,917 direct, indirect and induced jobs and spent £471 million across its supply chain, including £426 million in the UK.
Deepak Maheshwari, CEO of Essar Energy Transition Fuels, said the company is "a cornerstone of national energy security" and supports nearly 5,000 jobs across the UK economy.
Prashant Ruia, Chairman of Essar Energy Transition, said, "Our £4.3 billion investment pipeline is a massive growth opportunity for Britain. By 2035, these projects will generate nearly £2 billion in annual value to the UK and support 10,000 jobs. We are proving the UK can lead the global energy transition without sacrificing its industrial heritage."
Ruth Herbert, Chief Business Development Officer and MD of Essar Energy Transition, said decarbonisation need not lead to deindustrialisation if backed by clear policies and timely incentives. She urged the government to ensure fair carbon taxes and support decarbonisation infrastructure in North West England.
Published by HT Digital Content Services with permission from Millennium Post.