Essar Energy Transition (EET) announces that its subsidiary, Stanlow Terminals Limited (STL), has entered into a collaboration agreement with Spirit Energy and Progressive Energy Limited (PEL) to explore the feasibility of a new, integrated carbon capture, storage and shipping facility.
The agreement intends to assess the joint business case and development planning feasibility of a CO2 shipping import terminal, based at STL’s Tranmere Terminal, within the Port of Liverpool, and at the Stanlow Manufacturing Complex. The partnership will also assess the opportunity to transport CO₂ volumes received via the new STL shipping import terminal(s) to Spirit Energy’s Morecambe Net Zero (MNZ) carbon store in the East Irish Sea.
This collaboration marks the latest step in the ambitious, multi-project vision to transform the Stanlow manufacturing complex into a decarbonised energy hub supporting long-term, sustainable jobs and industrial innovation across the region. It further supports Essar Energy Transition’s US$3billion investment into its decarbonisation programme, aiming to become one of Europe’s leading low‑carbon fuels producers.
Mike Gaynon, CEO of Stanlow Terminals Limited, comments: ‘We’re delighted to be working alongside Spirit Energy and Progressive Energy on this important collaboration. It brings together the right partners with the right expertise to open up new opportunities for CO2 movement and storage and drives forward Stanlow’s broader decarbonisation ambitions. This work has the potential to strengthen the region’s industrial future, and we’re excited to work with our partners on this project.’
Matt Browell-Hook, Energy Transition, Decommissioning and Projects Director of Spirit Energy, adds: ‘Carbon capture and storage is not the only answer to net zero 2050 but it is a key enabler to decarbonise industry in the UK. We are progressing with MNZ – one of the largest offshore carbon stores in the world – and through this new collaboration with Essar Energy Transition and Progressive Energy, we’re investigating the potential to provide a route to decarbonisation for emitters from around the UK via the Stanlow site. Partnerships such as these are crucial to deliver the goals of industrial decarbonisation, protecting existing jobs and boost economic growth in the UK.’
Chris Manson Whitton, CEO of Progressive Energy Limited, adds: ‘Progressive Energy brings long-standing expertise in developing low‑carbon infrastructure, and this collaboration gives us the opportunity to apply that to accelerate sustainable industry. Working alongside EET and Spirit Energy, we are focused on designing practical, technically robust solutions for capturing, transporting and storing CO₂ at scale. Our project development capability will help create the infrastructure needed to secure a strong future for UK industry, safeguard skilled jobs and strengthen the region’s position as a leader in low carbon energy innovation. We look forward to working closely with our partners to realise this opportunity.’
