Investing in an end-to-end logistics infrastructure. He holds a BA (Hons) in Economics and a Masters in Investment and Finance. 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. As a result of that work over the past few months, EOUK has $1.1bn [800m] in liquidity secured. When commercial production began in 1996, this had fallen to USD 380 per tonne. 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. Stanlow also plays an important part in Britains petrochemical industry, providing feedstocks such as toluene, propylene and ethylbenzene. Production started in November 2006 with a capacity of 7.5 MTPA. Anshuman Ruia is known for his financial expertise and project execution skills. Essar launches EET to invest US$3.6 billion in energy transition in the Sited on a 770 hectare industrialised area of Ellesmere Port, Cheshire, Stanlow benefits from its close proximity to major north-west metropolises, a robust configuration and reliable, well maintained assets. Left with no option, Essar was forced to default on the FRN loan, despite having made concrete plans for refinancing. Essar had financed the project through a combination of rupee debt and Floating Rate Notes (FRN)both on a five-year tenure. Vice Chairman & Operating Partner, Metals & Mining, Operating Parter, Infrastructure, MD & CEO, Essar Ports, Sr. . 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. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address . Stanlow contributes an estimated 60 million each year to the local economy and will house the UK's first low carbon hydrogen facility. as panic buying hits forecourts across the country. Tempe, Arizona white page directory listings include full name, phone number and address. Operating Parter, Infrastructure & MD & CEO, Essar Ports. He is a part of the Management Committee of Essar Capital. Mahalaxmi, Suite 220 This prompted Essar to start manufacturing sponge iron. With eight jetties offering import and export of bulk liquids, marine access to terminals at Tranmere and Stanlow, one of Europe's largest road terminals, excellent links to the UK's motorway network and direct connections into the UK's Oil and Fuel Pipelines, STL offers unrivalled connectivity. Essar Ports | Stanlow Bulk Terminals Ltd Shashi Ruia began his career in the family business in 1965 under the guidance of his father, the late Nand Kishore Ruia. Essar had contracts with Chevron, Exxon-Mobil, Stat Oil, Shell, etc. All Rights Reserved. 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 Manchester Ship Canal that connects Liverpool to Manchester also provides further hinterland water connection to North West UK. He is responsible for investigation, analysis and assessment of risk, and accordingly design and implement strategies and processes which mitigate these threats. With 18 years of experience, he has also served as the Senior Vice President, International Projects and Corporate Finance, with Essar Services. This led to financial sanctions being imposed on India and Indian companies no longer had access to foreign funds. He has held key leadership positions at Jindal Steel & Power Ltd, Jet Airways, Essar and Dell international. With more than 50 years of experience, he guides Essar through transformations, manages operating functions and leads complex projects. He was appointed as MD & CEO of Essar Shipping, Ports & Logistics Limited in 2010. 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. His strength lies in leading new business development opportunities and conducting preliminary due diligence and analysis of emergent companies and partners. Essar Oil (UK) Limited (Essar) is delighted to join forces with Fulcrum BioEnergy Limited (Fulcrum) and Essar's subsidiary company Stanlow Terminals Limited to create a new facility which will convert non-recyclable household waste into sustainable aviation fuel (SAF) for use by airlines operating at UK airports. During the period of stoppage, Essar had wisely planned for technology upgrades. A qualified chartered accountant, Kailash joined Essar in 2003 after working with Chaturvedi & Shah and Dewani & Co. Adithya Bhat, with over 27 years of experience in Governance, Risk and Compliance (GRC), is the Chief Risk Officer at Essar Capital. 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. 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. Essar To Build UK'S First Refinery-based Hydrogen Furnace in 45 Vikash is also a member of the Management Committee of Essar Capital. 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). The steel generation capacity at the Hazira plant was raised from 2 MTPA to 2.4 MTPA through de-bottlenecking. Worse was to follow. 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. Essar bought Stanlow in 2011 An oil giant has announced plans to invest 1.9bn in Stanlow oil refinery in Cheshire, including establishing a plant to supply industrial hydrogen. At that price, steel plant operations were simply unsustainable. Intelius does not provide consumer reports and is not a consumer reporting agency as defined by the FCRA. Aviation is one of the most hard to decarbonise transport sectors and sustainable aviation fuel is a key enabler for the reduction of carbon emissions. [1] www.essaroil.co.uk/news/uks-first-refinery-based-hydrogen-furnace-arrives-at-essar/. 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. 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. Tempe, AZ White Pages. Essar followed up this success, by setting up a pellet plant in Visakhapatnam as part of its backward integration strategy. When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. Last month Essar Oil UK announced its participation in the production of blue hydrogen under the HyNet project. Contact us | Essar Oil Uk 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 . 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. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. Kent plc has been awarded a pre-FEED engineering contract to develop the facility that will take the CO2 emitted from one of Europes largest full-Residue Fluidised Catalytic Cracking units, located at the Stanlow refinery. 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. Sr. White Pages - Find People In | Addresses EGFL has a globally benchmarked robust risk and regulatory framework. Were primed to lead the national charge in the development of changing energy infrastructure and create the UKs first sustainable energy hub. This debt was refinanced later when the government set up the Power Finance Corporation. He also ensures the successful delivery of the organisations corporate and business plans and desired outcomes. 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. The plant has a high availability factor of 99 percent. Such emission reductions are approximately 70% and have the future potential to be fully carbon neutral. Refinery workers refuse to deal with ship carrying Russian oil This included an oil terminal at Vadinar with a capacity to receive 32 MTPA of crude, 14 MTPA product dispatch facilities through sea, crude storage facilities, and product dispatch facilities by road and rail. In 2006, Hutchison, too, decided to exit India. Vertex Hydrogen is a joint venture between Essar Oil UK and Progressive Energy. The promoters could foresee the demand, a vision that paid rich dividends. Correspondence address Essar Oil (uk) Limited, Lansdowne House - 2nd Floor East, Berkeley Square, London, England, W1J 6ER . Physical location: 777 Novus, Suite 310AA, Tempe, AZ 85287-4308 Building: Novus Tower, Tempe Campus Mailing address: P.O. He is responsible to advise and represent the company for all the legal matters concerning the Energy sector investments and portfolio businesses. He has also advised boards and management on major transactions in 34 countries. Essar Logistics took care of the movement of cargo, generated by Essar Steel and Essar Oil, by road. 2023 PeopleConnect, Inc. d/b/a Addresses.com. There was an FCCB (Foreign Currency Convertible Bonds) component that needed to be raised abroad in the latter half of 1998. In 2005, when the vessel rates peaked, Essar sold its five Suezmax tankers at the price at which they were bought in 1994. Essar Oil UK to build $430 mln carbon capture facility at Stanlow Sited on a 770 hectare industrialised area of Ellesmere Port, Cheshire, Stanlow benefits from its close proximity to major north-west metropolises, a robust configuration and reliable, well maintained assets. The company received underwriting commitments from Chase and Lehman Brothers. Both these factors led to a stoppage of work at the refinery, The Mid-2000s: Resurrecting the Essar Oil Refinery. Fulcrum BioEnergy, Limited is a wholly owned subsidiary of Fulcrum BioEnergy, Inc., a pioneer in the development of projects to convert everyday household and commercial waste into low-carbon aviation fuels and other transportation fuels. It had a fleet of over 100 vehicles of varying capacities. Essar is to make a 1.98bn investment at its Stanlow refinery as it continues its low carbon energy transformation / Picture: Essar Group Prashant Ruia, director of Essar Capital , said: "The launch of EET is a major milestone in Essar's long-standing commitment to put the UK at the forefront of low carbon energy. 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. Kailash Daultani currently serves as the Managing Director, Treasury and Finance, at Essar Capital. 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). Inside the Plant At a Glance. Badrinath Durvasula joined Essar as the Managing Director, Legal, and oversees and advises the legal function for the Energy, Services & Technology sectors. The pipe laying division of the company was certified at ISO 9002. Vertex is developing the first large scale, low carbon hydrogen production hub in the UK, as part of the HyNet cluster (www.hynet.co.uk). Fulcrum BioEnergy | Fulcrum and Essar Oil Announce Plans for In those early days of the telecom boom in India, effective policies were lacking and private telecom businesses were faced with several problems. Additionally, he is also a member of the India-Indonesia CEOs Forum. Kingsbury Diesel 121.92 ppl, PU10 114.84 ppl. Sanjay Palve is the Sr. 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. Essar also reentered the contract drilling services business after a hiatus of three years. It monitors and manages the entire portfolio of investments owned by EGFL. 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. Essar Capital is governed by its board of directors and its responsibilities as investment manager of EGFL include: Essar House, 11 KK Marg, Mahalaxmi, Mumbai 400 034, India. Retrieved 30 March 2012. Thangapandian Srinivasalu currently serves as the Advisor for investments in the Energy sector at Essar Capital. His academic research paper on Sustainability and Renewable Consumption Obligation has been presented at forums of international repute. In order to improve the efficiency, Essar Steel bought Stemcors 51 percent stake in HyGrade Pellets Limited, the pellet making venture of Essar. Fulcrum NorthPoint | Fulcrum BioEnergy Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. Essar Oil UK, which operates Stanlow Refinery, and Fulcrum BioEnergy, based in California, US, have teamed up with Stanlow Terminals to develop the . 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. Essar Constructions executed pipe laying contracts for all the major oil companies in India, and drinking water pipelines in Gujarat, Tamilnadu and Rajasthan. She has earlier worked with Cipla as Head HR International Business, and has also volunteered with the Akanksha Foundation. Even during the downturn in the shipping industry, Essar Shipping registered profits. The challenge was to select a sector that was an import substitute, with a product that had long-term demand and served a national purpose. 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. Essar Oil UK Ltd - Code Of Conduct.pdf document - PDF | 4.8MB, Essar Oil UK - Anti-Slavery and Human Trafficking Statement.pdf document - PDF | 85.6KB, Essar Gender Pay Gap 2021.pdf document - PDF | 1.2MB, Tax Strategy Policy.pdf document - PDF | 481.5KB, The Stanlow Terminals Road Terminal which has significant spare capacity which provides supply resilience for the region, A direct connection via the UK Oil Pipeline through to Kingsbury, Northampton and beyond towards London, A pipeline connection to the UKs busiest regional airport at Manchester, Six berths on the Manchester Ship Canal handling export parcels of up to 10,000 tonnes, 4.4 billion litres of diesel every year - enough to drive a car doing 40 mpg 4,000 times around the equator every day, 3billion litres of petrol a year enough to drive a car 20 million times around the world, 2billion litres of jet fuela year enough to fuel 17,000 jumbo jets flying from Manchester to Los Angeles, Stanlow is one of thelargest refineries in Europe covering an area the equivalent of 300 football pitches, The refinery processes up to 9million tonnes of crude every year - thats more than 20,000 litres per minute, Distribution of products from Stanlow is mainly via road and pipeline. Mr Deepak Sogani joined ESSAR in August 2020 as Managing Director Finance, Essar Capital, the investment manager for Essar Global Fund Limited (EGFL). In addition to outside contracts, it executed all of Essars internal projects. Thus Essar was able to build one of the most valuable telecom companies in the world. Hazira was also the land fall point for gas from the Bassein gas field in Bombay High. In this business, too, Essar kept refinancing the debt to reduce finance costs. info@fulcrum-bioenergy.com . Well do this through a combination of our unique geographical location, decades of experience and a passion for a greener, cleaner planet. The UKs first low carbon hydrogen facility will be built at Stanlow and will sit at the heart of the HyNet low carbon cluster, to produce a total of 1GW per year of hydrogen, across two units, from 2026. 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. Phone. Simultaneously, global steel prices started tumbling and reached a historic low of USD 180 per tonne. Role Active Director Date of birth July 1961 The Fair Credit Reporting Act ("FCRA") is a federal law that promotes the accuracy, fairness and privacy of information in the files of consumer reporting agencies. This was not sufficient for the business to achieve and sustain long-term growth. 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. The 1980s: Supporting Indias nascent exploration sector. 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. Regular ferry services connect Stanlow from Liverpool and Holyhead to Ireland, Isle of Man, Northern Ireland and northern Spain. 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. 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. He joined Burmah Shell in 1957, also known as Bharat Petroleum Corporation Ltd after it was nationalised, and retired from it as director marketing. Work on the refinery began in 1994, and by 1995, the necessary funding was in place. . Located on the south side of the Mersey Estuary close to Liverpool and Manchester, STL is the newest and largest third party liquid storage business in the UK, controlling 3 million cubic metres of capacity. 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. She has more than 23 years of experience in Human Resources, having worked across industries like Manufacturing, Pharma, IT and Retail. Again, breaking the tradition of locating manufacturing facilities close to the mines, the Company chose to build the plant at Hazira, a port on the west coast of India. 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. It also complements the announcement last month regarding a blue hydrogen development at Stanlow as part of the HyNet project. 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. Mr Mehra is involved in various Essar initiatives in areas of Business Strategy, Investments, Corporate Governance, Risk Management and Sustainability. According to Essar, the Fulcrum NorthPoint venture will complement Essar's wider plans to build a green energy industrial cluster at the Stanlow site, and will fully integrate Essar, Stanlow Terminals, and Fulcrum assets and technology. For cheapest and greenest transportation of your products, Beyond Storage An oil giant has announced plans to invest 1.9bn in Stanlow oil refinery in Cheshire, including establishing a plant to supply industrial hydrogen. The power plant was originally conceived to cater to Essar Steels requirements, but was later converted to an independent producer with a capacity of 515 MW. Today, the Hazira power plant has two power purchase agreementsone with the Gujarat State Electricity Board and the second with Essar Steel. Unlike other fuel technologies currently being considered by industry, the use of SAF does not require changes to aircraft, engines, or airport infrastructure. This is a massive undertaking, but it is a journey we are fully committed to. Stanlow Diesel 121.87 ppl, PU10 114.81 ppl. Essar is investing to make our refinery at Stanlow, the UK's first low carbon refinery. Work on the refinery was progressing as per schedule till the first quarter of 1998. exploration & productionand downstream, into refining. 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. Essar Site. In early 2005, Essar restructured the balance sheet and work resumed with renewed vigor on completing the refinery project. 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 Essar Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. Along with brother Ravi, Shashi Ruia laid the foundation of Essar and spearheaded its business strategy, diversification and growth. This will be the first Fulcrum plant outside the United States. Essar is investing to make our refinery at Stanlow, the UKs first low carbon refinery. EOUK had agreed to an accelerated schedule to make this payment. Being one of the low-cost steel producers, Essar managed to make operating profits. Priya Chakravarty is the Senior Director, HR, at Essar Capital. Stanlow has 800 employees, and is a key strategic national asset, annually producing over 16% of the UKs road transport fuels, while playing a key role in Britains broader petrochemical industry. Prior to Essar, he was the CEO & Executive Director of Hero Future Energies Pvt Ltd. This brought down the capital cost per tonne of steel, which helped reduce overall cost of production. The project, which will fully integrate Essar, Stanlow Terminals Limited and Fulcrum assets and technology, is part of a number of innovative solutions at Stanlow designed to cut carbon emissions and contribute to the UK Government's Ten Point Plan for a Green Industrial Revolution. Gifts and Donations to: ASU Foundation Attn:Financial Services P.O. Essar to invest USD 3.6 billion in energy transition in UK, India Over the last five years, EGFL has rebalanced its portfolio by strategically monetising some of the world class assets and businesses built by Essar, which has an entrepreneurial track record of 50 years. Choose Additional Cities in Arizona by Selecting the First Letter of the City. He has worked as an Economic Advisor, and the principal economic policy maker at the state level for seven years. Stanlow Manufacturing Complex, Independently, Essar had acquired licenses in seven circles where Hutchison Essar did not have operations, and in four circles of BPL. Essar Constructions grew its activities considerably over the years. The energy industry is changing. The refinery plays a strategic role in the UK economy, supplying 16% of all road transport fuels. Marg, The company's spirited involvement in community service . He started his career with Escorts Limited where he worked and grew through various roles of operations and business development. India Salaya Vizag Stanlow. Essar to Invest $1 Billion into Two Blue Hydrogen Plants in the U.K. 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. It still owes 223m, and was reportedly due to start repayments this week. At Hazira, a deep draft berth and shipping channel was constructed to enhance the cargo handling capacity by bringing larger vessels alongside the berth. The FRNs were due for refinancing in 1999, the year that marked the end of the five-year term. 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. It invested in relevant logistics assets. He is a strong business development professional with a Mechanical Engineering Degree from Aligarh Muslim University. At Stanlow Terminals, we pride ourselves on being flexible to our customers' needs, with a market leading storage offering. Stanlow Terminals Limited Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4BD United Kingdom . 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. In addition, SAF produced at the site offers a 90% reduction in particulates, which may benefit local air quality in and around airports. Essar negotiated with the FRN holders for a one-time settlement and refinanced its entire rupee debt at a lower cost. 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. 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.

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