In addition to outside contracts, it executed all of Essars internal projects. Dhanpat Nahata is the General Partner, Strategy and Risk, at Essar Capital. At Hazira, a deep draft berth and shipping channel was constructed to enhance the cargo handling capacity by bringing larger vessels alongside the berth. Stanlow Diesel 121.87 ppl, PU10 114.81 ppl. 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. 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. If you would like a quote for delivery . He is a part of the Management Committee of Essar Capital. 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. 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. Copyright 2023 Essar. Stanlow contributes an estimated 60 million each year to the local economy and will house the UK's first low carbon hydrogen facility. 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. Retrieved 30 March 2012. 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. This led to financial sanctions being imposed on India and Indian companies no longer had access to foreign funds. 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. Left with no option, Essar was forced to default on the FRN loan, despite having made concrete plans for refinancing. 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. Essar Logistics took care of the movement of cargo, generated by Essar Steel and Essar Oil, by road. Along with brother Ravi, Shashi Ruia laid the foundation of Essar and spearheaded its business strategy, diversification and growth. With has a nameplate capacity of 296,000 barrels of oil a day, it is responsible for about one sixth of the UK's petrol supply. Correspondence address Essar Oil (uk) Limited, Lansdowne House - 2nd Floor East, Berkeley Square, London, England, W1J 6ER . Mr Rajiv Gujjalu serves as Director Essar Global Fund Limited (EGFL). Prior to this, he was a partner with KPMGs risk consulting practice focusing on enterprise and compliance risk management, partnering with leading multinational companies in areas of GRC in India, North America and Middle East. Rajiv was awarded the designation of Canadian Investment Manager by the Canadian Securities Institute in 2006. Prior to being the Managing Director at Essar Capital, Rakesh has been at leadership positions in Essar Ports. Within 18 months after work resumed, Essar began commissioning the refinery in phases. Essar is already making rapid progress against its broader decarbonisation targets. 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). They primarily export from United States with 17 shipments . Essar became the first Indian company to operate in the waters of the Atlantic. Both these factors led to a stoppage of work at the refinery, The Mid-2000s: Resurrecting the Essar Oil Refinery. Michelle Lewis, Corporate Affairs Director, Essar: michelle.lewis@essaroil.co.uk / 07805 854169, Peter Ogden, Powerscourt: essar@powerscourt-group.com / 07793 858 211. 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. ESSAR OIL (UK) LIMITED - Find and update company information Essar Ports REUTERS/Phil Noble LONDON, Nov 30 (Reuters) - Essar Oil UK said on Wednesday it planned. Marg, Mahalaxmi, Mumbai - 400034 Maharashtra, India. 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. By this time, all of Essars businesses had grown significantly and the time had come for managing each business as an independent company. Email. 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 If approved, construction work is scheduled to begin on site by the end of 2022, with hydrogen production set to commence by the mid-2020s. By continuing to use our website, you agree to our Privacy Policy Accept, Dedicated marine import capability to tankage. Work on the refinery was progressing as per schedule till the first quarter of 1998. 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. . Ravi Ruia belongs to the generation of industrialists who have played a significant role in leading Indias industrial renaissance. He holds a BA (Hons) in Economics and a Masters in Investment and Finance. [1] www.essaroil.co.uk/news/uks-first-refinery-based-hydrogen-furnace-arrives-at-essar/. Name Address Address(maps) LinkedIn Alibaba AliExpress Global Sources Want to send an RFI or RFQ to this supplier? A slew of projects in each of these businesses were initiated in the 1990s when the Indian economy was booming. Kailash Daultani currently serves as the Managing Director, Treasury and Finance, at Essar Capital. Essar replaced Swiss PTT with Hutchison as partner. 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. Mystery over future of Essar's Stanlow oil refinery - North West However, the recovery from the pandemic has been slower than predicted, the company said, adding that it hopes for a resolution soon. Andrew Wright is the Managing Director, Legal, at Essar Capital. Tempe, Arizona white page directory listings include full name, phone number and address. Pleasanton, CA 94588. The commissioning was completed in October 1997. Essar to Invest $1 Billion into Two Blue Hydrogen Plants in the U.K. Earlier on he has worked with TCS in the beginning of his career. Essar Oil UK is committed to helping drive the UK's decarbonisation strategy. In the second quarter, a devastating cyclone hit the western coast of India damaging several structures in the refinery site. The promoters could foresee the demand, a vision that paid rich dividends. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. Fulcrum BioEnergy | Fulcrum and Essar Oil Announce Plans for 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. 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. Phone. He has overseen Essars BPO and Power businesses, Smiti is a self-driven business leader and a true entrepreneur at heart. 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. Essar is building assets & creating value in new promising markets right from services to retail in India and internationally. Were primed to lead the national charge in the development of changing energy infrastructure and create the UKs first sustainable energy hub. Managing Director, Finance, Infra, Tech & Retail. E-Telequest, Inc | Tempe, Arizona | Essar G. Ltd In 2006, Hutchison, too, decided to exit India. Thus Essar was able to build one of the most valuable telecom companies in the world. Essar Site It is also a major regional employer with over 900 staff, an additional 800 on site contractors and a further 5,000 people employed indirectly through the extended value chain. Additionally, he is also a member of the India-Indonesia CEOs Forum. Following this maiden contract, Essar bagged projects at every major port in the country, including Tuticorin, Mangalore, Goa, Kakinada and Nhava-Sheva in Mumbai. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. Mr Deepak Sogani joined ESSAR in August 2020 as Managing Director Finance, Essar Capital, the investment manager for Essar Global Fund Limited (EGFL). 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 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. 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. 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. He started his career with Escorts Limited where he worked and grew through various roles of operations and business development. Not one to lag behind, Essar seized every opportunity that came its way. Box 2260 Tempe, Arizona 85280-2260 To visit us on site: ASU Fulton Center 300 E. University Drive Tempe, AZ . Essar Oil UK bought the Stanlow refinery at Ellesmere Port from Shell in 2011. Fulcrum is currently commissioning the world's first commercial waste-to-transportation fuels plant, located in the United States. By offering efficient low carbon logistics solutions to develop third party business we support diversification of the traditional refinery business and become a fundamental part of the UK drive to become carbon neutral. With over 32 years of work experience in the technological sector, Alok leads all new capital investment recommendations to the companys board. With 18 years of experience, he has also served as the Senior Vice President, International Projects and Corporate Finance, with Essar Services. M: +44 (0)7805 854 169 E: ian.cotton@essaroil.co.uk . CH65 4BD, United Kingdom, UKs Largest 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. Registered office address The Administration Building 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB Company status Active Company type Private limited Company. Essar braced itself for the oncoming challenge. 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. He joined Essar in early 2000 and has played a key role on strategic investments of Essar in core economy and infrastructure sectors. However, Essars chosen policy was to get into areas of import substitution, high technology and national importance. He joined Essar as CEO Retail in the year 2010. Media contact. This brought down the capital cost per tonne of steel, which helped reduce overall cost of production. 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. After a fierce round of bidding that involved several corporations, Vodafone bought the Hutchison stake valued at USD 11.5 billion. epl.secretarial . Physical location: 777 Novus, Suite 310AA, Tempe, AZ 85287-4308 Building: Novus Tower, Tempe Campus Mailing address: P.O. Just before the issue was launched, India tested the nuclear bomb at Pokhran. 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 2006, all the circles were under one umbrellaHutchison Essar Limited. 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 followed up this success, by setting up a pellet plant in Visakhapatnam as part of its backward integration strategy. His entrepreneurial abilities have enabled the Essar Global portfolio of companies to become one of the leading names in global industry. Dockers at Stanlow refinery in Cheshire have refused to unload a shipment of Russian oil. Earlier this year, it announced its participation in production of blue hydrogen under the HyNet project. Prior to Essar, he was the CEO & Executive Director of Hero Future Energies Pvt Ltd. Sale included 20 MTPA refinery, retail, port and related infrastructure. He is the former Chairman and Managing Director of state-run natural gas giant GAIL India Ltd and had started his career in Oil and Natural Gas Corporation. 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. In 1995, a few months after mobile telephony was opened up to private participation, Essar became the first company to start GSM operations in Delhi under the brand name, Essar Cellphones. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address . Acting as director of several client companies, Rajiv is a Fellow member of the Mauritius Institute of Directors since 2012. In this business, too, Essar kept refinancing the debt to reduce finance costs. Essar Stanlow's top supplier is Refined Technologies with 17 shipments. 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 Constructions grew its activities considerably over the years. It also complements the announcement last month regarding a blue hydrogen development at Stanlow as part of the HyNet project. It had a fleet of over 100 vehicles of varying capacities. Additionally, he has held leadership positions at IAA Healthcare, Metropolitan Insurance, CIM Global Business, CIM Asset Management, Ireland Blyth Limited and HSBC respectively. Essar also entered the power and telecom sectors as and when they were opened up to private participation. 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. Essar also reentered the contract drilling services business after a hiatus of three years. Stanlow Terminals Limited Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4BD United Kingdom . Stein Ivar Bye, Chief Executive Officer, Essar Oil UK, commented: Stanlow has produced high quality energy products for over 60 years and we intend to remain a key national supplier of energy for the UK into the future. The Stanlow refinery supplies about a sixth of the UKs road fuel. 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). Legal Disclaimer and Terms and Conditions of Usage, This website uses cookies or similar technologies, to enhance your browsing experience and provide personalized recommendations. Sale to Brookfield Asset Management Company, 10 MTPA integrated steel manufacturing complex. 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. Raj Varma is an Advisor, at Essar Capital. In addition, Fulcrum NorthPoint was awarded a grant by the UK Government Department for Transport. The steel generation capacity at the Hazira plant was raised from 2 MTPA to 2.4 MTPA through de-bottlenecking. Contact information for Essar companies in India and worldwide . He is responsible for investigation, analysis and assessment of risk, and accordingly design and implement strategies and processes which mitigate these threats. The aim was to build a diverse fleet that could help hedge any downturns in the business. Bespoke sustainable solutions to suit logistics and supply chain requirements. The ambitious plan sets firm foundations to accelerate the UK's path to net zero while transforming the economy, boosting employment and delivering growth. 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. 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. 4900 Hopyard Road He also has rich experience in leading change management, cultural transformation, organisational redesign and restructuring. Workers at Stanlow oil refinery refuse to unload cargo of Russian oil Essar Energy locked in negotiations with HMRC over VAT payment delayed because of pandemic. Essar Energy. Essar is investing to make our refinery at Stanlow, the UKs first low carbon refinery. 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. At Stanlow Terminals, we pride ourselves on being flexible to our customers needs, with a market leading storage offering. 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. Located near Ellesmere Port in north west England, the Stanlow refinery is the second largest in the UK. Regular ferry services connect Stanlow from Liverpool and Holyhead to Ireland, Isle of Man, Northern Ireland and northern Spain. It monitors and manages the entire portfolio of investments owned by EGFL. He has over 28 years of experience in investment banking, private equity, audit and investment in a variety of institutions including KPMG and UBS Warburg. Rahul Taneja is the Managing Director, Human Capital at Essar Capital. 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. Managing Director, Finance, Infrastructure, Technology & Retail, Managing Director, Business Development, Metals & Mining, Download Corporate Film(Extended Version). All Rights Reserved. Object reference not set to an instance of an object. Operating Parter, Infrastructure & MD & CEO, Essar Ports. White Pages - Find People In | Addresses When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. 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. His strength lies in leading new business development opportunities and conducting preliminary due diligence and analysis of emergent companies and partners. Simultaneously, global steel prices started tumbling and reached a historic low of USD 180 per tonne. At the same time, the 8 MTPA iron ore beneficiation plant at Bailadila and the 267-km slurry pipeline were completed. 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. 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. He has a strong professional record in streamlining litigation, M&A, turnkey contract management, IPR, project financing, international arbitration and compliance support. We are committed and primed to lead the national charge in the development of a more sustainable energy infrastructure by creating the UKs first eco-friendly energy hub. Essar Stanlow - Standlow Manufacturing Complex Ellesmore Port Your price for Delivered in supplies will be subject to delivery costs. The company's spirited involvement in community service . All of its portfolio companies share the Funds ESG centric value system, reflecting the philosophy of placing people before profit. Thangapandian Srinivasalu currently serves as the Advisor for investments in the Energy sector at Essar Capital. Contact us | Essar Oil Uk The Late 1980s: Foray into core sector manufacturing. Prior to joining Essar, he has worked with Caf Coffee Day and UB Spirits. This prompted Essar to start manufacturing sponge iron. Stanlow: Energy giant Essar unveils 2bn plan for low-carbon plant 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. 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. Sponge iron generation capacity was also increased to 5.5 MTPA. This will produce (in its initial phases) 1GW of hydrogen (the equivalent energy use of a large UK city like Liverpool) and capture some 1.8 million tonnes of carbon per annum. EGFL is now poised to transition its existing assets towards a greener economy and invest in businesses which will transform sector landscapes from carbon to a clean energy ecosystem. The only alternative to scrap was sponge iron, but there were no sponge iron manufacturers on the west coast of India despite a large number of users. The pipe laying division of the company was certified at ISO 9002. Essar wanted to buy out Hutchisons stake and tied up a line of credit of over USD 11 billion. Also, the financial sanctions imposed on India subsequent to the Pokhran nuclear test in May 1998 ensured that Essar was banned from raising FCCBs. 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. He also ensures the successful delivery of the organisations corporate and business plans and desired outcomes. 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. As Fulcrum's first facility in the United Kingdom, NorthPoint will be located at the Essar Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. The construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. The green energy projects will include an investment of $1.2 billion in green ammonia manufacturing in India. EGFL has a globally benchmarked robust risk and regulatory framework. The Stanlow oil refinery supplies about a sixth of Britains road fuel, and is owned by the billionaire brothers Shashi and Ravi Ruia, through their company Essar Oil UK. Mr Sogani helps manage Essar Capital investments in the portfolio companies of metals & mining sector. Managing Director, Finance, Metals & Mining. Kingsbury Diesel 121.92 ppl, PU10 114.84 ppl. 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. So Essar set up steel manufacturing facilities at Hazira with the objective of gaining value addition. Mumbai Essar Essar House 11, Keshavrao Khadye Marg Mahalaxmi Mumbai 400 034 Maharashtra, India Tel. India in those days had secondary steel makers who used imported scrap to produce steel. He plays a key role in managing strategic functions of EGFL. Stanlow also plays an important part in Britains petrochemical industry, providing feedstocks such as toluene, propylene and ethylbenzene. In order to lend stability to the Group, Essar planned to enter manufacturing. 4900 Hopyard Road Suite 220 Pleasanton, CA 94588. NEW DELHI: The Essar group on Monday announced a USD 3.6 billion investment in low carbon energy transition projects in the UK and India including the production of green hydrogen and ammonia. Essar continues to be the largest Indian exporter of flat steel. Essar was founded in 1969 by his father, Shashi Ruia and uncle Ravi Ruia.
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