Stanlow, Aug 9 (IANS) Essar Oil (UK) on Tuesday announced that it has signed its first agreement for the direct supply of aviation fuel to Emirates airline at Manchester Airport.
Essar Oil UK owns and operates the Stanlow Refinery at Ellesmere Port in UK.
According to the company, the deal with Emirates is part of its strategy of downstream integration, which has recently seen a highly successful entry into the UK transport fuel retail market.
The business has confirmed ambitious plans to grow its retail network within the UK market to 400 sites over the next three years.
“This is a major milestone in our strategy of further downstream integration, combining our refinery supply strength with our marketing capabilities in the aviation sector,” said Colin Dixon, Head of Marketing at Essar Oil UK.
“We look forward to becoming a key player in the aviation market.”
Further, Essar has committed to a significant capital investment of approximately $137 million in a project for major improvements to key units at the Stanlow Refinery which will deliver a further reduction in crude oil costs and improved yields across the finished product range.