Essars energy transition strategy is based on five principles: running the core Stanlow refining processes as efficiently and safely as possible; decarbonising Stanlows operations; building a hydrogen future through the launch of Vertex Hydrogen (Vertex) and as a key part of the HyNet consortium; developing green fuels (including Sustainable Aviation Fuels); and establishing the UKs largest biofuels storage facility through Stanlow Terminals Limited. Stanlow Terminals Limited Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4BD United Kingdom . Patrick Walters, Chief Executive Officer, Stanlow Terminals Limited, said: This landmark announcement of our partnership with Fulcrum after our first year of operations is an excellent example of why Stanlow Terminals Limited was established. Essar then acquired licenses for Eastern UP, Rajasthan, Haryana and Punjab. Hutchison Essars subscriber base, too, has risen from 1,50,000 to 28 million. Plant owner Essar is also investing in a . Madhu Vuppuluri is the Operating Partner, Metals & Mining, Essar Capital. All these measures have made Essar Steel, the largest integrated steel producer on Indias west coast and one of the largest producers of flat steel in the country. In her last assignment as Chief People Officer Hometown & Ezone, Priya was responsible for driving a transformational HR agenda that focused on organisational culture, building a talent pipeline, and initiating & aligning all people practices to business achievement. The Stanlow refinery supplies about a sixth of the UKs road fuel. Srinivasan Vaidyanathan is the Operating Partner, Technology & Retail, at Essar Capital. The steel generation capacity at the Hazira plant was raised from 2 MTPA to 2.4 MTPA through de-bottlenecking. Essar Constructions executed pipe laying contracts for all the major oil companies in India, and drinking water pipelines in Gujarat, Tamilnadu and Rajasthan. Rahul is a seasoned professional with more than 28 years of experience specialising in areas of recasting HR and business processes, right sizing and cost optimisation. This arrangement was made for two principal reasons: One, Indian financial institutions were not in a position to lend for a longer term; two, raising foreign currency debt beyond five years was not permitted at that time. This led to financial sanctions being imposed on India and Indian companies no longer had access to foreign funds. He also ensures the successful delivery of the organisations corporate and business plans and desired outcomes. Essar became the first Indian company to operate in the waters of the Atlantic. The site was chosen due to its industrial nature, a skilled local workforce and existing refinery infrastructure, including a direct pipeline to Manchester Airport which can be used to transport the sustainable aviation fuel to aircraft. Located between Manchester and Liverpool on the west coast of the United Kingdom, Stanlow is connected to sea freight routes that extend globally, and are served by a host of international shipping lines such as ACL, MSC and NYK. He is on the Boards of World Steel Association, and the Metals & Mining and Energy industry Committee of the World Economic Forum. This is a massive undertaking, but it is a journey we are fully committed to. He plays a key role in managing strategic functions of EGFL. : +91-22- 66601100 Fax: +91-22-66601809 Write to us : Mumbai Essar Equinox Business Park (Peninsula Techno Park), Off Bandra Kurla Complex, It also complements the announcement last month regarding a blue hydrogen development at Stanlow as part of the HyNet project. The Manchester Ship Canal that connects Liverpool to Manchester also provides further hinterland water connection to North West UK. Box 2260 Tempe, Arizona 85280-2260 For all other mailing needs: ASU Foundation P.O. Since early August, the company has increased its daily vehicle shifts from 52 to more than 70, and is aiming to increase deliveries to more than 80 by the end of October, it said. By 2006, all the circles were under one umbrellaHutchison Essar Limited. Object reference not set to an instance of an object. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. Madhus expertise lies in the area of mergers & acquisition, fund raising, investor relations, and operations management, and leads future capital investment recommendations to Essar Capitals Board of Directors. This brought down the capital cost per tonne of steel, which helped reduce overall cost of production. EOUK had agreed to an accelerated schedule to make this payment. Mr Mehra is involved in various Essar initiatives in areas of Business Strategy, Investments, Corporate Governance, Risk Management and Sustainability. At Stanlow Terminals, we pride ourselves on being flexible to our customers needs, with a market leading storage offering. Tripathi is the Vice Chairman, Exploration & Production at Essar Capital, and has over 36 years of experience across Operation & Maintenance of Pipelines, Project Management, Contracts Management, Customer Relationship Management, Marketing etc. Just before the issue was launched, India tested the nuclear bomb at Pokhran. Essar has invested in a portfolio of world-class companies across sectors and geographies. With over 20 years of experience in the field of M&A and transactions, he leads all the M&A structuring on complex transactions globally for Essar Capital. With over 15 years of experience in diverse fields including media & publishing, corporate communications. Essar Capital Limited (Essar Capital) is the investment manager of Essar Global Fund Limited (EGFL). With over 30 years of experience in operational leadership, investment management and business growth across diverse sectors, Srinivasan provides critical evaluation on current and future capital investments. Stanlow Manufacturing Complex, He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking. The company approached State Bank of India (SBI), a leading public sector bank in India, for a loan. . He is responsible for all HR matters for the Metals & Mining and Services & Technology portfolios. The Late 1980s: Foray into core sector manufacturing. . The 45 million furnace is the first of its kind in the UK, capable of running on a 100% hydrogen source and will replace three existing furnaces at Stanlow. Our DNA is to invest with spirit of an entrepreneur, build assets with the passion of an owner and manage businesses with the discipline of a professional. Retrieved 30 March 2012. Sanjay Palve is the Sr. Essar Logistics took care of the movement of cargo, generated by Essar Steel and Essar Oil, by road. Delivering cleaner/greener energy solutions, Localise the supply chains for the industry, Create logistics network, storage solutions and platforms by leveraging technology, To be the trusted go to technology solution integrator, https://www.essar.com/wp-content/uploads/2021/09/Essar_Corporate_Film.mp4, Provide new environmentally beneficial source of energy in India, Transform Essar Oil UK to become a global benchmark for green refineries, Build a hub for the UKs upcoming hydrogen transformation, Build an energy compliant state-of-the-art steel plant, Provide the lowest cost high grade green iron ore pellet in the United States and India, Enable trade and transport services across the industrial hubs in the west and east coasts of India, Create the largest independent hydrocarbon terminals business in North-West Europe, To architect, deploy, manage and secure the customers IT environment through customised solutions, To integrate intelligent digital networks and platforms, Implementing and managing investments and divestments, Preparing and delivering financial reports of EGFL, Implementing and overseeing appropriate policies and procedures, 1995 First Mover partnership with Hutchison Whampoa and then with Vodafone, Part Sale of Aegis USA Inc. to Teleperformance at $610 million, Sale of 98% stake in Essar Oil to Roseneft, and Trafigura-led consortium. Anshuman Ruia is known for his financial expertise and project execution skills. . He has also advised boards and management on major transactions in 34 countries. He has been a key member of several industry committees like Confederation of Indian Industries, Federation of Indian Commerce Industries, The Associated Chamber of Commerce & Industry of India and SUPERBRANDS for several years. Your price for Delivered in supplies will be subject to delivery costs. This was not sufficient for the business to achieve and sustain long-term growth. In the second quarter, a devastating cyclone hit the western coast of India damaging several structures in the refinery site. He has held key leadership positions at Jindal Steel & Power Ltd, Jet Airways, Essar and Dell international. Essar Oil (UK) Limited 2021. Mr Naushad Ansari is Managing Director, Business Development, at Essar Capital. As a core part of the HyNet cluster, Essar's Stanlow site already plays a prominent role in the UK's energy transition planning framework, following the selection of HyNet by the UK government in . He Joined Essar in 1997 as COO in Essar Telecom and was the Executive Director of Essar Shipping Limited from 1998-2002. Stanlow Terminals Limited Andrew Wright is the Managing Director, Legal, at Essar Capital. Dockers at Stanlow refinery in Cheshire have refused to unload a shipment of Russian oil. General enquiry Contact us Commercial enquiry Retail enquiry Purchasing and Supplier Management (PSM) enquiry Careers enquiry General enquiry For general enquiries please write to: Stanlow Refinery Ellesmere Port Cheshire CH65 4HB Or phone Switchboard 0151 350 4000 Email address: SSTAdvising@asu.edu / SSTGradAdvising@asu.edu Phone: 480-965-7682 Location: Advising offices are located in 777 Novus, Suite . He is a strong business development professional with a Mechanical Engineering Degree from Aligarh Muslim University. Our sights are firmly set on helping to drive the UK's decarbonisation strategy. So Essar set up steel manufacturing facilities at Hazira with the objective of gaining value addition. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking for Infrastructure. He joined Burmah Shell in 1957, also known as Bharat Petroleum Corporation Ltd after it was nationalised, and retired from it as director marketing. Essar Oil UK is a leading UK-focused downstream energy company whose main asset is the Stanlow Manufacturing Complex, one of the most advanced refineries in Europe and situated close to the major cities of Liverpool and Manchester. Box 874308 Main phone: 480-965-7682 Fax: 480-965-9199 Undergraduate & Graduate Advising. With over 27 years of work experience in diverse industries ranging from Manufacturing (Metals, Mining & Power Generation) to Services sectors (Commercial Airline and Technology, inclusive of Business Process Outsourcing sectors), he provides strategic direction to the management of the Mesabi Portfolio. In addition to outside contracts, it executed all of Essars internal projects. Regular ferry services connect Stanlow from Liverpool and Holyhead to Ireland, Isle of Man, Northern Ireland and northern Spain. Essar merged these circles into Hutchison Essar to create a telecom major. REUTERS/Phil Noble LONDON, Nov 30 (Reuters) - Essar Oil UK said on Wednesday it planned. Copyright 2023 Essar. Correspondence address Essar Oil (uk) Limited, Lansdowne House - 2nd Floor East, Berkeley Square, London, England, W1J 6ER . It had a fleet of over 100 vehicles of varying capacities. During the period of stoppage, Essar had wisely planned for technology upgrades. Even during the downturn in the shipping industry, Essar Shipping registered profits. Essar Oil (UK) Limited 2021. Essar subsidiary Stanlow Terminals is to provide storage and logistics services for a new 600 million (687.8 million) sustainable aviation fuel (SAF) plant to be built near Ellesmere Port, UK. Vertex Hydrogen is a joint venture between Essar Oil UK and Progressive Energy. In September, EOUK announced it had signed a Heads of Terms offtake agreement with Vertex, a joint venture with Progressive Energy, for the supply of 280MW+ of hydrogen. Stanlow. EGFL has a globally benchmarked robust risk and regulatory framework. He has significant experience of managing strategic transactions, acquisitions and raising capital across industries including Financial Services, Information Technology and Manufacturing (Cement, Sugar, Refractories, Power, Renewable Energy, Steel & Healthcare). Jeff Ovens, Managing Director, UK & Europe Fulcrum, added: We are excited to be announcing this project, located within one of the UK's most important energy producing assets, which will help reduce the burden on landfills and industry's reliance on fossil fuels. He is a part of the Management Committee of Essar Capital. These include the construction of two new low carbon hydrogen production units on site as part of HyNet, with a planned total investment of 1 billon. Sunil Jain is the Operating Partner for Energy transitions. He joined Essar as CEO Retail in the year 2010. Badrinath Durvasula joined Essar as the Managing Director, Legal, and oversees and advises the legal function for the Energy, Services & Technology sectors. Prashant holds key positions on several prestigious regulatory and professional boards. Earlier on he has worked with TCS in the beginning of his career. When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. Not one to lag behind, Essar seized every opportunity that came its way. In 2005, when the government came out with the unified licensing scheme, the JV started merging all the telecom circles. He has played an integral role in many landmark private equity transactions and has also managed many regional and global private equity funds. In addition, in an honorary capacity, Adithya is currently the Senior Vice President at the India Chapter of Institute of Internal Auditors Inc, USA and President elect for 2021 22. There was an FCCB (Foreign Currency Convertible Bonds) component that needed to be raised abroad in the latter half of 1998. The gas will be permanently sequestered into depleted gas fields under the sea in Liverpool Bay, as part of the HyNet cluster infrastructure in the North West of England. The remainder of our products leave via the Manchester Ship canal, The energy recovery plant processes both liquid and solid waste and is capable of generating 350 tonnes of steam every day for refinery use, Products manufactured by chemicals produced at Stanlow are used in the manufacture offoams for furniture and bedding, artificial sports tracks, ski suits and waterproof leisure wear. All its Suezmax tankers were approved by oil majors, an endorsement that fetches a premium in freight. The majority of the investment - across a range of hydrogen production technologies, decarbonisation, biofuels and infrastructure projects - will be at its Stanlow site ($2.4bn), with the balance in India. Essar Global Fund Limited (EGFL), set up in 2005, invests in building and nurturing assets, and creating value in the core sectors of Energy, Infrastructure & Logistics, Metals & Mining and Technology & Retail. You may not use any information obtained from Intelius for any purpose covered by the FCRA. But the Sunday Times reported that the government was on alert in case Stanlow collapsed, and that it could go into insolvency if it could not raise more funds. Most Recent Shipment: 04/07/2022 (Database Updated . He is responsible to advise and represent the company for all the legal matters concerning the Energy sector investments and portfolio businesses. as panic buying hits forecourts across the country. Scrap prices were volatile and had to be purchased with precious foreign exchange. Additionally, he is also a member of the India-Indonesia CEOs Forum. Previously Group Director at Gulf Petrochem, he is an oil and gas professional with around 35 years of experience in sales, marketing and trading of petroleum products in India, the Middle East and Nigeria with Public Sector Undertakings, Multi-National Companies and private sector companies. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. It still owes 223m, and was reportedly due to start repayments this week. Essar followed up this success, by setting up a pellet plant in Visakhapatnam as part of its backward integration strategy. Fulcrum is currently commissioning the world's first commercial waste-to-transportation fuels plant, located in the United States. Mumbai - 400034 In addition to OSVs, it bought Diving Support Vessels and Multi Support Vessels. Registered office address The Administration Building 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB Company status Active Company type Private limited Company. Once complete in 2027, the plant will eliminate an estimated 0.81 million tons of CO2 per year the equivalent of taking 400,000 cars off the road, eliminating nearly 40% of all Stanlow emissions. Role Active Director Date of birth July 1961 ian.cotton@essaroil.co.uk and 07805 854169, Jeff Ovens, Managing Director, UK & Europe, jovens@fulcrum-bioenergy.com and 07399 472 650. Fulcrum NorthPoint is expected to begin commercial production in the first quarter of 2027, producing approximately 100 million liters of low carbon sustainable aviation fuel each year. By 2030, Vertex expects to deliver nearly 4GW of low carbon hydrogen, equivalent to c.40% of the UK Governments national target. He is a seasoned professional with over 27 years of experience, including 23 years in international investment banking & private equity. The hydrogen will be used to help decarbonise Essars existing production facilities including the new hydrogen powered furnace [1]which was delivered in August this year. In those early days of the telecom boom in India, effective policies were lacking and private telecom businesses were faced with several problems. . Left with no option, Essar was forced to default on the FRN loan, despite having made concrete plans for refinancing. This is great news for the North West, with hundreds of jobs created as the region takes the lead in making aviation greener.I hope this is a sign of great things to come as we look forward to a sustainable, low carbon future for aviation, helping us push forward towards our 2050 net-zero target. Six business areas in the core sectorConstruction, Shipping, Steel, Power, Oil & Gas, and Telecommunicationswere identified as growth drivers for the Group. Stanlow contributes an estimated 60 million each year to the local economy and will house the UK's first low carbon hydrogen facility. The construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. Essar Energy locked in negotiations with HMRC over VAT payment delayed because of pandemic. Since Essar did not have prior experience in this industry, it roped in Swiss PTT as a joint venture partner. Utilising the world class facilities available at Essar, including the impressive jet fuel storage facility at Stanlow Terminals Limited and direct pipeline to UK airports, Fulcrum, along with its current and future investors, will be able to build and operate its facility more efficiently and sets the 'gold standard' for SAF production by fully integrating its new, low carbon fuel technology directly within an existing refinery.Fulcrum's fuel will enable airlines to reduce their impact on the environment and help put the aviation industry on its path to a more sustainable long-term operation. India Salaya Vizag Stanlow. Mr Sogani helps manage Essar Capital investments in the portfolio companies of metals & mining sector. The green energy projects will include an investment of $1.2 billion in green ammonia manufacturing in India. Essar Oil UK Contact us Contact us How can we help you? Deepak Maheshwari, CEO of Essar Oil UK said: This new carbon capture plant is the single biggest initiative to decarbonise our processes and a core element to our hugely ambitious decarbonisation strategy. By using SAF derived from residual domestic household and commercial waste, greenhouse gas emissions are reduced significantly on a lifecycle basis when compared to fuels produced from conventional crude oil. At that price, steel plant operations were simply unsustainable. A slew of projects in each of these businesses were initiated in the 1990s when the Indian economy was booming. Sr. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. Essar braced itself for the oncoming challenge. Locating this facility in the North West of England at a strategic location will create new, skilled jobs whilst simultaneously contributing to the UK's Net Zero 2050 objectives. Founded in 2007, Fulcrum BioEnergy, Inc. has developed a proprietary process, using commercially proven technology, to convert waste that would otherwise be landfilled or incinerated, into low-carbon, ultra clean burning liquid transportation fuels (Fulcrum FuelTM). Along with brother Ravi, Shashi Ruia laid the foundation of Essar and spearheaded its business strategy, diversification and growth. Our ambition is to become a leading low carbon refinery. Simultaneously, global steel prices started tumbling and reached a historic low of USD 180 per tonne. 4900 Hopyard Road Suite 220 Pleasanton, CA 94588. The UK's second biggest oil refinery is locked in talks with tax officials over a deferred tax bill amid reports that it could be on the brink of collapse. Northampton Diesel 121.98 ppl, PU10 114.89 ppl. India Salaya Vizag Stanlow. Essar sponsors Indias largest annual junior soccer hunt challenger, Essar pledges to make substantial investment in the state of Odisha, www.essaroil.co.uk/news/uks-first-refinery-based-hydrogen-furnace-arrives-at-essar/, Essars ambition is to be a leading low carbon refinery, with a long-term transformation into a low carbon energy provider, Major driver of carbon reduction will be the construction of a 360 million CO2 Capture Plant, set to start in Q1 2025, with completion in 2027. Prashant has been an integral part of EGFLs operations and management since 1985 and a key driver of the Funds growth, diversification and value creation, both within India and internationally. . As a result, while most shipping companies in India were making losses in the 80s, Essar was reaping profits. Contact information for Essar companies in India and worldwide . Realising the need to be a niche player in the global transportation industry, Essar drew up a plan to be a complete logistics solution provider. B.C. He also worked at Essar Oil Limited, India, as CEO Marketing & IST, and was responsible for Retail Sales, Direct Sales, Retail Network Expansion, Sourcing Crude, Trading of Petroleum Products and Supply & Distribution in India and Kenya. Essar was founded in 1969 by his father, Shashi Ruia and uncle Ravi Ruia. Prior to joining Essar Capital, he lead several reputed public sector and private steel companies, including Steel Authority of India Limited and Rashtriya Ispat Nigam Limited as their Chairman and Managing Director. Essar Oil UK, which is being advised by EY, also insists it has made considerable progress to strengthen its financial position and agree new financing. Updated: 27 Jan 2022, 06:04 AM IST Subhash Narayan The UK's first low carbon hydrogen facility at Essar Stanlow will sit at the heart. Mahalaxmi, The promoters could foresee the demand, a vision that paid rich dividends. Essar Ports Limited ENERGY Delivering cleaner/greener energy solutions, METALS & MINING Localise the supply chains for the industry, INFRASTRUCTURE & LOGISTICS Create logistics network, storage solutions and platforms by leveraging technology, TECHNOLOGY & RETAIL To be the trusted go to technology solution integrator. Essar owned 33% stake in the consolidated entity. Steel: The uncertainties of a cyclical business. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. Essar Group on Monday announced a fresh investment of $3.6 billion in setting up an Essar Energy Transition (EET) to spearhead green energy transition projects in the UK and India. Since acquiring Stanlow in 2011, Essar has invested $1 billion in margin improvement and other efficiency initiatives to ensure the refinery remains competitive in a rapidly changing market. Vikash Saraf is the non-executive director of Essar Capital. Rajiv Agarwal is the Operating Partner, Infrastructure, at Essar Capital and Managing Director, Essar Ports.He has over 30 years of experience and has held leadership positions in sectors such as Ports, Shipping, Telecom, Retail and Business Processing Outsourcing. Essar Oil UK said Stanlow was operating as normal during the current fuel crisis, and supplying fuel to north-west petrol stations as normal, as panic buying hits forecourts across the country. After achieving success and recognition in India, the Company was now poised to venture overseas. 925.730.0150. Essar negotiated with the FRN holders for a one-time settlement and refinanced its entire rupee debt at a lower cost. The Tranmere Oil Terminal, with its two dedicated jetties, can handle Very Large Crude Carrier (VLCC) tankers loaded with up to 170,000 tonnes of crude. Stanlow is a key strategic national asset, annually producing over 16% of the UK's road transport fuels, while playing an important part in Britain's petrochemical industry by providing key feedstocks. Mr Sogani, who was the Group CFO of Jindal Steel & Power Limited, has over 25 years of experience specialising in areas of business and financial management with special focus on strategy, M&A, business/corporate development, business restructuring, corporate finance, capital markets, investor relationship, governance and operations.
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