New Delhi, Dec 14 :Seeking to become the UK’s largest bulk liquid storage and energy infrastructure solutions provider, Essar-run Stanlow Terminals has announced to make investments over the next three years to develop the country’s largest biofuels storage hub in the North West of England.

In an official statement, the company said it will deliver 300,000 cubic metres of capacity to support customers in delivering the UK’s net zero transition.

“The new facilities at the Stanlow Manufacturing Complex and Tranmere Terminal, located within the Port of Liverpool, will allow customers to store, blend and distribute bio-fuels suitable for use in the energy transition as drop-in replacement transport fuels for road, aviation and marine,” it said.

Since acquiring Stanlow in 2011, Essar has invested US$ 1 billion in margin improvement and other efficiency initiatives to ensure the refinery remains competitive in a rapidly changing market.

A port asset, with eight jetties and deep water facilities, Stanlow Terminals offers flexible and efficient import and export of bulk liquids.

Stanlow Terminals said that it is supporting the UK’s hydrogen economy and the HyNet North West project by developing storage and distribution facilities that will be required for the future to provide a multi modal hydrogen and carbon dioxide transport hub.

Commenting on the proposed investment, Essar Non-executive Chairman Prashant Ruia said,“These key investments, and continued growth of our strategic relationships with customers, means Stanlow Terminals is firmly on track to becoming the largest sustainable storage and logistics hub in the UK.”

“The Government has set out a clear plan for decarbonising the economy and we are committed to playing our part in helping to achieve that,” he added.

Earlier this year, Stanlow Terminals joined forces with parent company Essar and Fulcrum BioEnergy to develop a storage facility at Stanlow for sustainable aviation fuel manufactured from non-recyclable household waste.

The project is aimed at supporting aviation industry’s continued reduction of carbon emissions and UK government’s goal of becoming a net-zero economy.

“The energy industry is changing. As the world comes together to develop innovative ways of generating sustainable energy, the supporting storage and transportation infrastructure needs to evolve. We’re primed to lead the national charge and create the UK’s first sustainable energy hub,” said Michael Gaynon, CEO of Stanlow Terminals.

The company said that market for energy from renewable sources in the UK is expanding rapidly, driven by legislative obligations to encourage lower carbon fuels.(UNI)