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Essar Oil teams up with Hydrodec for UK oil re-refining centre

12th November 2013

Essar Oil UK, a part of Indian oil giant Essar Oil, forms a joint venture with Hydrodec to expand Stanlow refinery complex in Cheshire

Oil refinery complex
Essar Oil UK along with Hydrodec to initiate re-refining operations at the Stanlow refinery complex in Cheshire, UK

Essar Oil UK has teamed up with industrial oil refining company Hydrodec to initiate re-refining operations at the Stanlow refinery complex in Cheshire, UK.

 

According to the agreement, both companies will focus on developing two oil re-refining plants with a combined production capacity of 130m litres per year. The re-refining project is expected to generate an annual revenue of approximately USD 150m.

 

Volker Schultz, CEO of Essar Oil UK, said: "We look forward to jointly developing this innovative project, which will combine Hydrodec's proprietary technology with Stanlow's considerable operational and project execution expertise."

 

Ian Smale, CEO of Hydrodec, said: “This agreement will transform our ability to deliver our UK strategy. In Essar and its Stanlow refinery we are partnering with a leading international oil refiner with all the existing facilities and capability required for the successful delivery of the Hydrodec re-refining process. We believe a combination of our oil collection, feedstock delivery and technology with Essar’s refinery operations and process management expertise will prove extremely powerful for the longer term expansion of our business into new markets. It has the potential to make the UK the oil re-refining hub of Europe.”

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