Future Uncertain for Long Running Stanlow Refinery in the UK
The future around the long running Stanlow refinery in the Ellesmere Port in Northwest England has been thrust into uncertainty lately due to reports of financial instability from lower fuel demand. Multiple reports have indicated that investment firm Apollo Global Management of New York has been in talks on some level for a potential £400 million refinancing agreement for the complex. Apollo has been reported to be in discussion with Nayara Energy owned Essar for several weeks now following news that Stanlow was in jeopardy of closure due to the demand destruction seen over the last year. A new refinancing deal could buy time for the refinery to maintain operations until fuel demand rises a
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