Essar began the process of refinancing one year in advance, in May 1998. 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. 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. It monitors and manages the entire portfolio of investments owned by EGFL. This plant helped Essar Constructions garner expertise in building power plants in addition to its valuable experience in other sectors, including the steel plant for Essar Steel. Haseeb Drabu is an economist with over 30 years of experience with diverse skill-sets and wide-ranging experience as a lawmaker, policy planner, banker and an economic commentator. Unite said it had informed the owner of the Ellesmere refinery, India's Essar Group, that its members . In this business, too, Essar kept refinancing the debt to reduce finance costs. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking. Independently, Essar had acquired licenses in seven circles where Hutchison Essar did not have operations, and in four circles of BPL. Suite 220 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. 2023 PeopleConnect, Inc. d/b/a Addresses.com. When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. 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. Plant owner Essar is also investing in a . At Stanlow Terminals, we pride ourselves on being flexible to our customers' needs, with a market leading storage offering. Essar Oil (UK) Ltd is committed to playing a key role in the decarbonisation of the UK economy, with ambitious plans to build an energy transition cluster at Stanlow. Essar Energy, which owns the Stanlow oil refinery in Ellesmere Port, Cheshire, is negotiating with HM Revenue and Customs (HMRC) over a 223m VAT payment, delayed because of the pandemic. Investing in an end-to-end logistics infrastructure. The refinery plays a strategic role in the UK economy, supplying 16% of all road transport fuels. This prompted Essar to start manufacturing sponge iron. Production started in November 2006 with a capacity of 7.5 MTPA. It also bought Stemcors 100 percent stake in Steel Corporation of Gujarat (SCGL) which had set up a 1.2 MTPA cold-rolling complex at Hazira. This is equivalent to the domestic heating energy used by a major British city region, such as Liverpool. Dockers at Stanlow refinery in Cheshire have refused to unload a shipment of Russian oil. He holds a BA (Hons) in Economics and a Masters in Investment and Finance. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. It bought six new double-hull double-bottom Suezmax tankers between 1991 and 1994, a time when no shipping companies were investing in such vessels. 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. A fleet of 13 onshore rigs and a semi-submersible rig were deployed with clients in India and abroad. Doaa AboulThomas AbbottSusan AdamsEmilio AbundioBorzu AfshariRay AdamsAnn Addington, Mesa, AZPhoenix, AZChandler, AZScottsdale, AZGilbert, AZ. He has also led digitalisation initiative in GRC space and was instrumental in running technology-based solution around enterprise risk, compliance risk, license management and document repository systems. Essar is investing over 1 billion into a range of energy efficiency, fuel-switching, and carbon capture initiatives, designed to decarbonise its production processes significantly by 2030 and put Essar at the forefront of the UKs shift to low carbon energy. 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. In this way, the share of value-added products increased from 35 percent to 70 percent of total production. Box 2260 Tempe, Arizona 85280-2260 For all other mailing needs: ASU Foundation P.O. Additionally, he is also a member of the India-Indonesia CEOs Forum. Recently, he was also awarded Business Leader of the Year in the NBFC segment by ET Now. This new development promises to lead the way to a cleaner and more sustainable future in the North West and change the way aviation fuel is made to help decarbonise the UK. It will also utilise direct pipeline access to pump and transport the SAF to UK airports through the Manchester Jet Line and the UK Oil Pipeline network (UKOP). This was a time when the movement of petroleum products along the Indian coast was the monopoly of foreign-flag vessels, and no shipping companies in India would venture into this business as it was considered risky and involved the management of advanced technology. Fulcrum's partner, Essar, will assist with the blending and supply the sustainable aviation fuel to airlines, with Stanlow Terminals Limited providing product storage and logistics solutions for the project under a long-term agreement. In her earlier stint with Essar, Priya has worked at Senior Management roles, initially with Essar Oil and then as Head International HR (Corporate HR). 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. Essar Energy enters into agreement to buy Royal Dutch Shell's Stanlow refinery for US$350 million. India Salaya Vizag Stanlow. Northampton Diesel 121.98 ppl, PU10 114.89 ppl. In the early 1980s, when the government opened up the ownership and operation of Offshore Supply Vessels (OSV) to private Indian companies, Essar was one of the first to enter the fray. Email. Essar became the first Indian company to operate in the waters of the Atlantic. Prashant is part of the second generation of the Ruia family that founded Essar. Stanlow Oil refinery at Ellesmere Port in northwest England Why you can trust Sky News The owner of the vast Stanlow oil refinery in north-west England is in urgent talks about its future amid concern that it could be nearing collapse. The commissioning was completed in October 1997. 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 India Salaya Vizag Stanlow. The ambitious plan sets firm foundations to accelerate the UK's path to net zero while transforming the economy, boosting employment and delivering growth. All these projects helped transform Essar Constructions into a leading EPC contractor. There was an FCCB (Foreign Currency Convertible Bonds) component that needed to be raised abroad in the latter half of 1998. Essar has invested in a portfolio of world-class companies across sectors and geographies. The company received underwriting commitments from Chase and Lehman Brothers. When Essar conceived the project, international steel prices were in the region of USD 450 per tonne. A new value-centric growth strategy based on Entrepreneurship, Expertise and Experience along with a robust governance system and structure will deliver superior returns, sustainably. Prior to Essar, he was the CEO & Executive Director of Hero Future Energies Pvt Ltd. Tempe, Arizona white page directory listings include full name, phone number and address. As a result of that work over the past few months, EOUK has $1.1bn [800m] in liquidity secured. Role Active Director Date of birth July 1961 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. 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. Vikash is also a member of the Management Committee of Essar Capital. Essar Constructions executed pipe laying contracts for all the major oil companies in India, and drinking water pipelines in Gujarat, Tamilnadu and Rajasthan. [1] www.essaroil.co.uk/news/uks-first-refinery-based-hydrogen-furnace-arrives-at-essar/. Pleasanton, CA 94588. Essar braced itself for the oncoming challenge. Mahalaxmi, Email address: SSTAdvising@asu.edu / SSTGradAdvising@asu.edu Phone: 480-965-7682 Location: Advising offices are located in 777 Novus, Suite . In the second quarter, a devastating cyclone hit the western coast of India damaging several structures in the refinery site. 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. He has worked as an Economic Advisor, and the principal economic policy maker at the state level for seven years. Kingsbury Diesel 121.92 ppl, PU10 114.84 ppl. This has improved the quality of the ore and reduced the transportation cost. He has led natural resources sector businesses for major investment banks globally. Essar is investing to make our refinery at Stanlow, the UKs first low carbon refinery. His entrepreneurial abilities have enabled the Essar Global portfolio of companies to become one of the leading names in global industry. Suite 220 He also ensures the successful delivery of the organisations corporate and business plans and desired outcomes. With over 32 years of work experience in the technological sector, Alok leads all new capital investment recommendations to the companys board. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. 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 company is a major supplier in the North West and beyond, with customers including most of the major retail brands operated by international oil . 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. Harnessing our expertise and experience, ambition and can-do approach, we contribute to a more sustainable society while providing value propositions to our partners by simplifying their supply chains. The 1980s: Supporting Indias nascent exploration sector. During the period of stoppage, Essar had wisely planned for technology upgrades. Leveraging his extensive business network, Firdhose has also played an active role in assisting portfolio companies with business development and cross-border transactions or business relationships across Africa, the Middle East and Asia. Prior to joining Essar, he was the Vice President and General Counsel at Hindustan Construction Company Ltd. Maharashtra, India, Copyright 2021 All rights reserved Srinivasan Vaidyanathan is the Operating Partner, Technology & Retail, at Essar Capital. Correspondence address The Administration Building, 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB . Stanlow has a highly efficient distribution capability for refined end products: Essar Oil UK remains the lowest cost supplier into the North West and is highly competitive in supplying adjacent markets. Also, the financial sanctions imposed on India subsequent to the Pokhran nuclear test in May 1998 ensured that Essar was banned from raising FCCBs. He joined Essar as CEO Retail in the year 2010. The experience of contract drilling gave Essar an opportunity to understand the oil business better, and setting up the refinery was the logical thing to do. The project has been selected by BEIS as a Phase-2 winner in the CCUS cluster sequencing process earlier this summer, and as such, is currently progressing through the due diligence stage. The aim was to build a diverse fleet that could help hedge any downturns in the business. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. 4900 Hopyard Road Suite 220 Pleasanton, CA 94588. In order to improve the efficiency, Essar Steel bought Stemcors 51 percent stake in HyGrade Pellets Limited, the pellet making venture of Essar. This will be the first Fulcrum plant outside the United States. info@fulcrum-bioenergy.com . Essar Oil (UK) Limited 2021. Essar Oil UK Contact us Contact us How can we help you? Jatinder Mehra is the Vice Chairman & Operating Partner of Essar Capital. He joined Essar in early 2000 and has played a key role on strategic investments of Essar in core economy and infrastructure sectors. At that price, steel plant operations were simply unsustainable. Similarly, Essar Bulk Terminal was set up to create bulk terminal facilities at Hazira and other ports. Eventually, the loan was sanctioned, with a repayment structure that was unique for its time. Sanjay is a seasoned professional with more than 22 years of stellar experience in building and leading large financial businesses across wholesale and retail segments. Thangapandian Srinivasalu currently serves as the Advisor for investments in the Energy sector at Essar Capital. All its Suezmax tankers were approved by oil majors, an endorsement that fetches a premium in freight. In 2005, when the government came out with the unified licensing scheme, the JV started merging all the telecom circles. Essar Shipping diversified and modernised its fleet in the early 1990s. Subsequently he took responsibility as President Global Markets & Strategy since 2012 where he was responsible for sales, pricing strategy, marketing, and product & category management for the Steel business. The returns from the transition will not only outperform benchmark returns but also contribute to a sustainable society within the framework of Environmental, Social and Governance (ESG) and transform sectors for a post carbon economy. With more than 50 years of experience, he guides Essar through transformations, manages operating functions and leads complex projects. He also has rich experience in leading change management, cultural transformation, organisational redesign and restructuring. Vikash Saraf is the non-executive director of Essar Capital. Subsequent to the HyGrade takeover, the pellet making capacity was enhanced to 8 MTPA. Gifts and Donations to: ASU Foundation Attn:Financial Services P.O. Media contact. The sponge iron plant, initially set up with a capacity of 0.88 million tonne per annum (MTPA), was expanded to produce 1.32 MTPA. A general view of Essar Oil UK's Stanlow oil refinery near Ellesmere Port, Britain, September 27, 2021. 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. What started out with an initial investment of USD 800 million had reached a valuation of USD18.8 billion in just six years. Essar had contracts with Chevron, Exxon-Mobil, Stat Oil, Shell, etc. 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. At Stanlow Terminals, we pride ourselves on being flexible to our customers needs, with a market leading storage offering. Being the largest independent means we can move quickly to meet your bulk liquid storage needs, Unique Refinery Access Shashi Ruia began his career in the family business in 1965 under the guidance of his father, the late Nand Kishore Ruia. The site directly employs more than 900 people, with an additional 800 on-site contractors and a further 5,000 people working indirectly within the extended value chain, according to Essar Oil UK's website. 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. The Fulcrum venture will complement Essar's wider plans to build a green energy industrial cluster at the Stanlow site. The Essar Group was established by Mr. Shashi Ruia and Mr. Ravi Ruia in 1969, in South 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. Stanlow, 30th November 2022: Essar Oil UK Limited (Essar or the Company) today announces its plan to build a 360 million major new carbon capture plant at its Stanlow refinery in line with its ambition to become a leading low carbon refinery by 2030. 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. Intelius reports cannot be used for background checks related to consumer credit, insurance, employment, housing or any other purpose prohibited under the FCRA. 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. 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. Follow on capacity growth is planned to reach 80% of the UK Governments new target of 5GW of low carbon hydrogen for power, transport, industry and homes by 2030. The company is a major supplier in the North West and beyond with customers including most of the major retail brands operated by international oil companies and supermarkets, Manchester Airport, leading commercial airlines and the regions trains and buses. In addition, Essar Oil UK operates an integrated terminal and marine facility at Stanlow and Tranmere on behalf Stanlow Terminals. Operating Parter, Infrastructure & MD & CEO, Essar Ports. Essars Indian lenders refused to bail the company out. This innovative bio-refinery will convert several hundred thousand tonnes of pre-processed waste, which would have otherwise been destined for incineration or landfill, into approximately 100 million litres of low carbon SAF annually. Simultaneously, global steel prices started tumbling and reached a historic low of USD 180 per tonne. 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. Anshuman Ruia is known for his financial expertise and project execution skills. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking for Infrastructure. Copyright 2023 Essar. Badrinath is a seasoned legal professional with over 29 years of core experience in implementing legal policies for corporates in the manufacturing, oil & gas and services sectors. Essar followed up this success, by setting up a pellet plant in Visakhapatnam as part of its backward integration strategy. 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. exploration & productionand downstream, into refining. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. Firdose Coovadia is an Advisor, Metals & Mining, at Essar Capital. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. Marg, Mahalaxmi, Mumbai - 400034 Maharashtra, India. Legal Disclaimer and Terms and Conditions of Usage, This website uses cookies or similar technologies, to enhance your browsing experience and provide personalized recommendations. He is respected for his project execution skills, financial expertise and people management capabilities. Alok Gupta is the Operating Partner, Technology & Retail, at Essar Capital. Utilising our strong geographical position and experience in the energy sector, we are providing delivery solutions based on the ability to safely handle energy products to meet the needs of todays society and tomorrows society. Your price for Delivered in supplies will be subject to delivery costs. The sponge iron plant became a hugely successful venture. Hazira was also the land fall point for gas from the Bassein gas field in Bombay High. As Fulcrum's first facility in the United Kingdom, NorthPoint will be located at the Essar Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. Badrinath Durvasula joined Essar as the Managing Director, Legal, and oversees and advises the legal function for the Energy, Services & Technology sectors. Essar Oil (UK) Limited is registered in England and Wales with company registration number 07071400 and registered office at 5th Floor, the Administration Building, Stanlow Complex, Ellesmere Port, Cheshire, CH65 4HB. Essar Energy, which owns the Stanlow. However, Essars chosen policy was to get into areas of import substitution, high technology and national importance. Rewants global exposure, fresh perspectives and arc of activities has contributed to Essars strategy and operations in the mining, steel and retail sectors both in India and abroad. Vertex's low carbon hydrogen production plant will be a core part of the HyNet low carbon cluster. 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. 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. At Hazira, a deep draft berth and shipping channel was constructed to enhance the cargo handling capacity by bringing larger vessels alongside the berth. With Assets Under Management (AUM) of USD 8.2 billion, as on 31 March 2021, and a net asset value of USD 4.4 billion, the current investment portfolio of EGFL is future centric and value accretive. We unlock trapped value for energy partners feeling shackled by a lack of innovation and the status quo by maximising our flexible, end-to-end, safe and agile approach to logistics solutions management. Essar Ports Limited Even during the downturn in the shipping industry, Essar Shipping registered profits. Rajiv was awarded the designation of Canadian Investment Manager by the Canadian Securities Institute in 2006. All Rights Reserved. Essar Oil UK (EOUK) used the governments pandemic VAT deferral scheme last year, which allowed businesses to delay tax repayments. His strength lies in leading new business development opportunities and conducting preliminary due diligence and analysis of emergent companies and partners. Choose Additional Cities in Arizona by Selecting the First Letter of the City. Fulcrum is currently commissioning the world's first commercial waste-to-transportation fuels plant, located in the United States. Were primed to lead the national charge in the development of changing energy infrastructure and create the UKs first sustainable energy hub. Essar was founded in 1969 by his father, Shashi Ruia and uncle Ravi Ruia. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. Essar Energy. As the world comes together to develop innovative ways of generating sustainable energy the supporting storage and transportation infrastructure needs to evolve. Since 2010, some of the pioneering investments were proactively monetised for an enterprise value of US$ 40 bn through large transactions with foreign and Indian entities. 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. Sale to Brookfield Asset Management Company, 10 MTPA integrated steel manufacturing complex. . . Unite general secretary Sharon Graham said: "Unite has contacted Essar who operate the Stanlow Oil Refinery to inform the company that due to the ongoing conflict in Ukraine, Unite workers at .
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