Stanlow Oil Refinery Owner EET Reports £241m Loss Amid Market Challenges
EET reported a £241 million loss amid ongoing operational challenges and volatility in global energy markets, exacerbated by the Russia-Ukraine conflict. Despite achieving its highest domestic sales since 2011 and an 8% increase in crude oil throughput, production at Stanlow declined to 59.21 million barrels. The company is pursuing cost reduction strategies and investing in projects aimed at net zero goals while focusing on margin enhancement and retail expansion.
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EET reported a loss of £241 million as operational challenges persist. In 2025, the company achieved its highest domestic sales since Essar's acquisition in 2011, with crude oil throughput rising by 8% from 2024.
The Russia-Ukraine conflict has caused volatility in global energy markets, impacting profitability and increasing unplanned downtime. Crude oil throughput at Stanlow fell to 59.21 million barrels from 60.25 million the previous year.
Stanlow is involved in the HyNet hydrogen production and carbon capture project, with EET investing in its own facilities for net zero goals. The company is implementing cost reduction measures and a business improvement plan focused on margin enhancement and retail expansion.
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