- Essar has invested nearly $1 billion in the UK since acquiring the Stanlow Manufacturing Complex in July 2011.
- Essar will acquire an equity stake in the UKOP pipeline, a share in the Kingsbury Terminal joint venture with Shell, and 100% of the Northampton Terminal.
- Essar plans to expand its UK retail network to 400 sites over the next five years.
- Essar supplies over 16% of the UK’s road transport fuel demand.
Investment and Acquisition
Essar Oil UK has announced the acquisition of several BP assets to enhance its logistics infrastructure and support growth in the UK. This acquisition includes an equity stake in the UKOP pipeline, a share in the Kingsbury Terminal joint venture with Shell, and full ownership of the Northampton Terminal. Since acquiring the Stanlow Manufacturing Complex in July 2011, Essar has invested nearly $1 billion in the UK.
Retail Expansion
Essar has successfully entered the UK fuel retail market, operating 67 branded retail sites across England and Wales. The company plans to expand its network to 400 retail sites over the next five years. This expansion is part of Essar's broader strategy to integrate downstream operations and increase its market presence.
Aviation Fuel Supply
Essar is a significant player in the wholesale supply of Jet A-1 fuel to major UK airports. The company has also entered the direct supply market for aviation fuel, signing agreements with several leading international airlines. This move aims to grow Essar's aviation fuel sector and enhance its competitiveness.
Commitment to the UK Market
Essar Oil UK CEO, S. Thangapandian, emphasized the company's commitment to the UK market, which is a crucial part of its strategic growth ambitions. The acquisition of BP assets is seen as a step to improve competitiveness and maintain a strong presence in the UK Midlands region. Essar will continue to seek inorganic growth opportunities that align with its long-term value and growth plans.
