Work also started on expanding capacity from 2.4 MTPA to 4.6 MTPA through brownfield expansion, which requires far less capital than similar greenfield projects The cost of this project was USD 2.64 billion. Until then, only foreign construction companies would undertake a project of this magnitude and complexity. Located near Ellesmere Port in north west England, the Stanlow refinery is the second largest in the UK. Essar will assist with the blending and supply the new SAF to airlines, with Stanlow Terminals Limited providing product storage and logistics solutions for the project under a long-term agreement. 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. Suite 220 Our latest List Price, effective from 2nd March, for Ex Rack sales is as follows. As a result, while most shipping companies in India were making losses in the 80s, Essar was reaping profits. She has more than 23 years of experience in Human Resources, having worked across industries like Manufacturing, Pharma, IT and Retail. 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. And in February, Essar announced it has joined forces with Fulcrum BioEnergy and Essar's subsidiary company Stanlow Terminals to create a new 600m facility which will convert non-recyclable. 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. 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. All these activities were consolidated under Essar Shipping and Logistics Limited. Around the mid-1980s, the Government also opened up the contract drilling business to Indian private companies. 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. For SBI, the proposal posed a real challenge since it involved a first-of-its-kind transaction for the bank as well! Essar Oil UK (EOUK) used the governments pandemic VAT deferral scheme last year, which allowed businesses to delay tax repayments. 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. The 1980s: Supporting Indias nascent exploration sector. Prior to joining Essar, he was the CEO of Religare Finvest Limited (RFL) and the Managing Director of Religare Housing Development Finance Corporation (RHDCL). The company approached State Bank of India (SBI), a leading public sector bank in India, for a loan. By 2006, all the circles were under one umbrellaHutchison Essar Limited. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address . Essar merged these circles into Hutchison Essar to create a telecom major. Mahalaxmi, At Hazira, a deep draft berth and shipping channel was constructed to enhance the cargo handling capacity by bringing larger vessels alongside the berth. His strength lies in leading new business development opportunities and conducting preliminary due diligence and analysis of emergent companies and partners. 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. This has improved the quality of the ore and reduced the transportation cost. In 2006, Hutchison, too, decided to exit India. It also enables the import of large parcels of diesel. In 2005, when the government came out with the unified licensing scheme, the JV started merging all the telecom circles. Rahul Taneja is the Managing Director, Human Capital at Essar Capital. By continuing to use our website, you agree to our Privacy Policy Accept, Dedicated marine import capability to tankage. It monitors and manages the entire portfolio of investments owned by EGFL. Email address: SSTAdvising@asu.edu / SSTGradAdvising@asu.edu Phone: 480-965-7682 Location: Advising offices are located in 777 Novus, Suite . During the period of stoppage, Essar had wisely planned for technology upgrades. His entrepreneurial abilities have enabled the Essar Global portfolio of companies to become one of the leading names in global industry. Mr Mehra is involved in various Essar initiatives in areas of Business Strategy, Investments, Corporate Governance, Risk Management and Sustainability. All Rights Reserved. Production started in November 2006 with a capacity of 7.5 MTPA. All Rights Reserved. For cheapest and greenest transportation of your products, Beyond Storage Dhanpat Nahata is the General Partner, Strategy and Risk, at Essar Capital. Essar is a leading UK-focused downstream energy company whose main asset is the Stanlow Manufacturing Complex, one of the most advanced refineries in Europe situated close to the major cities of Liverpool and Manchester. However, Essars chosen policy was to get into areas of import substitution, high technology and national importance. Vikash is also a member of the Management Committee of Essar Capital. and more than 70 percent of its shipping revenues came from international operations. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address the issue: Increase capacity, move to value-added segments and bring down finance costs. 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. At Stanlow Terminals, we pride ourselves on being flexible to our customers needs, with a market leading storage offering. 4900 Hopyard Road Suite 220 Pleasanton, CA 94588. The construction of two blue hydrogen production hubs at Stanlow will attract 750 million pounds ($1 Billion) in total investment and support a hydrogen economy across North West England and North East Wales. Managing Director, Finance, Metals & Mining. Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk, Original reporting and incisive analysis, direct from the Guardian every morning. The project, which will see an investment of approximately 600m, will use Fulcrum's proven waste-to-fuel process, which is already being deployed at its pioneering facility outside of Reno, Nevada in the United States, where operations are due to begin later this year. In addition, Essar Oil UK operates an integrated terminal and marine facility at Stanlow and Tranmere on behalf Stanlow Terminals. Managing Director, Finance, Infrastructure, Technology & Retail, Managing Director, Business Development, Metals & Mining, Download Corporate Film(Extended Version). 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. Plans for Fulcrum NorthPoint are expected to be complete at the end of this year and subject to planning consent, will be operational in late 2025. 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. 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. As part of the backward integration, a 4 MTPA pellet plant was set up in Visakhapatnam; forward integration was achieved with a 2 MTPA steel plant. 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. Mr Naushad Ansari is Managing Director, Business Development, at Essar Capital. 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. The chemicals manufacturing plants uses technologically-advanced process units to produce propylene and turn ethylene, benzene, hydrocarbons and other feedstocks into a wide range of polymer and other products. Essar is a leading UK-focused downstream energy company whose main asset is the Stanlow Manufacturing Complex, one of the most advanced refineries in Europe situated close to the major cities of Liverpool and Manchester. 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. 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. Essar Group is to invest $3.6bn developing low-carbon energy in the UK and India under the newly formed Essar Energy Transition (EET). Phone. 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). He also ensures the successful delivery of the organisations corporate and business plans and desired outcomes. Work on the refinery began in 1994, and by 1995, the necessary funding was in place. Essar again grabbed the opportunity and went on to become Indias largest rig operator in the private sector. Essar Oil UK Contact us Contact us How can we help you? 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. Essar had financed the project through a combination of rupee debt and Floating Rate Notes (FRN)both on a five-year tenure. 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. Just before the issue was launched, India tested the nuclear bomb at Pokhran. He joined Essar as CEO Retail in the year 2010. Northampton Diesel 121.98 ppl, PU10 114.89 ppl. Box 2260 Tempe, Arizona 85280-2260 To visit us on site: ASU Fulton Center 300 E. University Drive Tempe, AZ . In 2012, he was awarded an excellence award for his contribution to renewable energy and sustainability by the Energy and Environment Foundation. At Stanlow Terminals, we pride ourselves on being flexible to our customers' needs, with a market leading storage offering. In order to lend stability to the Group, Essar planned to enter manufacturing. 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. He has overseen Essars BPO and Power businesses, Smiti is a self-driven business leader and a true entrepreneur at heart. The Stanlow project, named Fulcrum NorthPoint, will create 800 direct and indirect jobs during the design, build and commissioning process and over 100 permanent jobs during its operation. All of its portfolio companies share the Funds ESG centric value system, reflecting the philosophy of placing people before profit. However, Swiss PTT wanted to shut shop as part of its strategy to exit all Asian operations. This landmark development supports our long term sustainability ambition to deliver the energy solutions of the future and position Stanlow as the UK's leading sustainable aviation fuel hub. 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. 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. Similarly, Essar Bulk Terminal was set up to create bulk terminal facilities at Hazira and other ports. One of Essars strengths has been its ability to invest in businesses that have the potential for growth and its strategy to diversify as a hedge against cyclicality. Thus Essar was able to build one of the most valuable telecom companies in the world. It still owes 223m, and was reportedly due to start repayments this week. Our sights are firmly set on helping to drive the UK's decarbonisation strategy. Prior to being the Managing Director at Essar Capital, Rakesh has been at leadership positions in Essar Ports. Stanlows reconfigured and optimised single train operation delivers significant upgrading capability and produces an above average proportion of middle distillates, principally diesel and jet fuel, helping to addressthe significant and growing deficit in the UK and Europe. Ian Cotton, Head of Communications and Community. In order to improve the efficiency, Essar Steel bought Stemcors 51 percent stake in HyGrade Pellets Limited, the pellet making venture of Essar. Regular ferry services connect Stanlow from Liverpool and Holyhead to Ireland, Isle of Man, Northern Ireland and northern Spain. Essar continues to be the largest Indian exporter of flat steel. 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 challenge was to select a sector that was an import substitute, with a product that had long-term demand and served a national purpose. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. Essar did not succumb to the pressure. Thangapandian Srinivasalu currently serves as the Advisor for investments in the Energy sector at Essar Capital. . Essar negotiated with the FRN holders for a one-time settlement and refinanced its entire rupee debt at a lower cost. The joint venture company then went about consolidating operations and acquiring various telecom circles. India Salaya Vizag 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. His academic research paper on Sustainability and Renewable Consumption Obligation has been presented at forums of international repute. Firdose has extensive experience in emerging markets, having been involved in advising governments, parastatals and companies in Africa, India, Europe and the Middle East. Box 2260 Tempe, Arizona 85280-2260 For all other mailing needs: ASU Foundation P.O. Retrieved 30 March 2012. Essar was founded in 1969 by his father, Shashi Ruia and uncle Ravi Ruia. Vertex's low carbon hydrogen production plant will be a core part of the HyNet low carbon cluster. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. This will be the first Fulcrum plant outside the United States. Rajiv was awarded the designation of Canadian Investment Manager by the Canadian Securities Institute in 2006. An MBA from IIM Lucknow, Rakesh is a qualified Engineer from NIT, and brings with him 13 years of experience. In 1999, the government announced a new telecom policy that was more conducive to growth. Even during the downturn in the shipping industry, Essar Shipping registered profits. Now, Essar is all set to team up with the new JV partner Vodafone to take growth to the next level. He was appointed as MD & CEO of Essar Shipping, Ports & Logistics Limited in 2010. Vice Chairman & Operating Partner, Metals & Mining, Operating Parter, Infrastructure, MD & CEO, Essar Ports, Sr. Firdose Coovadia is an Advisor, Metals & Mining, at Essar Capital. M: +44 (0)7805 854 169 E: ian.cotton@essaroil.co.uk . The development will see Fulcrum, whose parent is based in California, United States, construct, own and operate the plant within Essar's Stanlow Manufacturing Complex in the North West of England. The Research & Development team developed high-end products for specialized applications, like interstitial free steel for auto and auto components, high-end API grade steel for the petroleum industry, steel conforming to the ABS standard for ship building industry and so on. Well do this through a combination of our unique geographical location, decades of experience and a passion for a greener, cleaner planet. Additionally, he is also a member of the India-Indonesia CEOs Forum. 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 owned 11 land rigs, one offshore rig and a drill ship. Sunil Jain is the Operating Partner for Energy transitions. 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 JV to build UK's largest hydrogen hub 2 min read . 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. The takeover of SCGL has enabled Essar to widen its product base and cater to a larger segment of industries. 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. He also has rich experience in leading change management, cultural transformation, organisational redesign and restructuring. After a fierce round of bidding that involved several corporations, Vodafone bought the Hutchison stake valued at USD 11.5 billion. 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 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. Simultaneously, global steel prices started tumbling and reached a historic low of USD 180 per tonne. Subsequent to the HyGrade takeover, the pellet making capacity was enhanced to 8 MTPA. 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. In early 2005, Essar restructured the balance sheet and work resumed with renewed vigor on completing the refinery project. When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. He has over 25 years of work experience in the field of M&A and Transactions. The company's spirited involvement in community service . 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. Suite 220 Strategic investments in setting up world-class facilities in Steel, Power, Ports, Oil and Gas. In his avatar as editor of a business daily, he also made his mark as a widely respected and incisive columnist on macroeconomics, fiscal and monetary policy. Having completed his law degree from the University of Leeds, United Kingdom, Andrew has over 25 years of rich experience. Last month Essar Oil UK announced its participation in the production of blue hydrogen under the HyNet project. 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. 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. With more than 50 years of experience, he guides Essar through transformations, manages operating functions and leads complex projects. He has held several senior management positions within the financial services industry over the past twenty-two years with experience in stockbroking, investment and treasury management, corporate and fund administration and insurance mainly in Mauritius and Canada. He plays a key role in managing strategic functions of EGFL. 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. 925.730.0150. 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. Address. Name Address Address(maps) LinkedIn Alibaba AliExpress Global Sources Want to send an RFI or RFQ to this supplier? Tempe, Arizona white page directory listings include full name, phone number and address. Alok Gupta is the Operating Partner, Technology & Retail, at Essar Capital. 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. Low carbon hydrogen will be produced at the Stanlow Manufacturing Complex located in Ellesmere Port, Cheshire. Vertex Hydrogen is a joint venture between Essar Oil UK and Progressive Energy. Essar became the first Indian company to operate in the waters of the Atlantic. Role Active Director Date of birth July 1961 Following this maiden contract, Essar bagged projects at every major port in the country, including Tuticorin, Mangalore, Goa, Kakinada and Nhava-Sheva in Mumbai. Hazira was also the land fall point for gas from the Bassein gas field in Bombay High. Hutchison Essars subscriber base, too, has risen from 1,50,000 to 28 million. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. He is a strong business development professional with a Mechanical Engineering Degree from Aligarh Muslim University. By this time, all of Essars businesses had grown significantly and the time had come for managing each business as an independent company. Essar Ports Limited Essar House, 11, K.K. Box 874308 Main phone: 480-965-7682 Fax: 480-965-9199 Undergraduate & Graduate Advising. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. It also complements the announcement last month regarding a blue hydrogen development at Stanlow as part of the HyNet project. Badrinath Durvasula joined Essar as the Managing Director, Legal, and oversees and advises the legal function for the Energy, Services & Technology sectors. The green energy projects will include an investment of $1.2 billion in green ammonia manufacturing in India. Additionally, he has held leadership positions at IAA Healthcare, Metropolitan Insurance, CIM Global Business, CIM Asset Management, Ireland Blyth Limited and HSBC respectively. Intelius reports cannot be used for background checks related to consumer credit, insurance, employment, housing or any other purpose prohibited under the FCRA. 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. 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. In this business, too, Essar kept refinancing the debt to reduce finance costs. 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. 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. 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. Also, the financial sanctions imposed on India subsequent to the Pokhran nuclear test in May 1998 ensured that Essar was banned from raising FCCBs. 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 began the process of refinancing one year in advance, in May 1998. Pleasanton, CA 94588. In addition, SAF produced at the site offers a 90% reduction in particulates, which may benefit local air quality in and around airports. 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. 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 is already making rapid progress against its broader decarbonisation targets. He joined Essar in early 2000 and has played a key role on strategic investments of Essar in core economy and infrastructure sectors. 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. Stanlow, 25 th May 2021: A new project that forms part of Essar's plans to decarbonise the Stanlow Refinery in North West England has secured a 7.2m grant from the Industrial Energy Transformation Fund. 20 August 2011. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. School of Social Transformation. He is responsible to advise and represent the company for all the legal matters concerning the Energy sector investments and portfolio businesses. What started out with an initial investment of USD 800 million had reached a valuation of USD18.8 billion in just six years. 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. Essar Stanlow's top supplier is Refined Technologies with 17 shipments. 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.
Tommy Lee Jones Married To Angelina Jolie,
Average Cost Of Daycare In Florida,
Veterans Evaluation Services Exam,
Telescopic Flag Pole Stuck,
Can You Get Banned From Doordash As A Customer,
Articles E