Stanlow
Essar Energy Transition on Monday published its maiden In-Country Value Overview Report, revealing the scale of the company’s contribution to the UK economy, energy resilience and security, and its pivotal role in the UK’s industrial decarbonisation.
The independent report by FGE NexantECA highlights that while Essar Energy Transition is already a critical fiscal and industrial asset, its transition into a low-carbon energy hub will unlock unprecedented economic value.
By 2035, Essar Energy Transition’s operations are projected to deliver £1.9 billion in annual Gross Value Added (GVA) to the UK economy and support nearly 10,000 long-term jobs.
Deepak Maheshwari, CEO, Essar Energy Transition Fuels, commented: This report confirms that Essar Energy Transition is a vital national economic engine and, as one of only four remaining UK refineries, a cornerstone of national energy security. We sit at the heart of the North West’s prosperity, supporting nearly 5,000 jobs across the UK economy and directly supporting local families, with our direct workforce salaries double the national average and spending over £400 million annually with British suppliers.
Prashant Ruia, Chairman of Essar Energy Transition, commented: 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 & Managing Director, Essar Energy Transition, added: We are demonstrating that decarbonisation doesn’t have to mean deindustrialisation, if there is clarity on policy and timely incentives to enable investment. We urge the government to provide a level playing field on carbon taxes for domestic fuel producers and importers and support decarbonisation infrastructure in the North West, recognising the vital role we play today and the enormous opportunity for us to drive the industrial decarbonisation of tomorrow.
As one of only four remaining UK refineries, Stanlow is today a cornerstone of national energy security, supplying 18 per cent of road transport fuel and 12.5 per cent of all UK jet fuel demand (25 per cent of jet fuel demand from airports outside of Heathrow), while supporting 50 per cent of the UK’s inorganic chemicals industry with feedstocks, a sector vital to UK manufacturing.
Beyond keeping the country moving, Essar Energy Transition is a national economic engine to the Treasury. 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 all fuel duty receipts.
Essar Energy Transition is also a high-value job generator. In 2025 alone, it supported 4,917 direct, indirect and induced jobs with average salaries of direct employees being double the national average, with supply chain spend of £471 million (£426 million in the UK), stimulating further activity.
