She has earlier worked with Cipla as Head HR International Business, and has also volunteered with the Akanksha Foundation. He has significant experience of managing strategic transactions, acquisitions and raising capital across industries including Financial Services, Information Technology and Manufacturing (Cement, Sugar, Refractories, Power, Renewable Energy, Steel & Healthcare). He also ensures the successful delivery of the organisations corporate and business plans and desired outcomes. Stanlow. Address. Updated: 27 Jan 2022, 06:04 AM IST Subhash Narayan The UK's first low carbon hydrogen facility at Essar Stanlow will sit at the heart. Email. 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 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. Jatinder Mehra is the Vice Chairman & Operating Partner of Essar Capital. By this time, all of Essars businesses had grown significantly and the time had come for managing each business as an independent company. As a result, while most shipping companies in India were making losses in the 80s, Essar was reaping profits. Ravi Ruia belongs to the generation of industrialists who have played a significant role in leading Indias industrial renaissance. Ensuring your bulk liquid products reach their destinations with ease. Essar is investing to make our refinery at Stanlow, the UK's first low carbon refinery. 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. 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. Earlier on he has worked with TCS in the beginning of his career. 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. His academic research paper on Sustainability and Renewable Consumption Obligation has been presented at forums of international repute. Work on the refinery began in 1994, and by 1995, the necessary funding was in place. The construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. Essar will achieve its decarbonisations targets through a combination of incremental (energy efficiency and operating improvements) and transformational projects, including the 360 million carbon capture plant announced today, but also as a result of the significant investments Essar is making into hydrogen and biofuels. The UKs 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. M: +44 (0)7805 854 169 E: ian.cotton@essaroil.co.uk . Left with no option, Essar was forced to default on the FRN loan, despite having made concrete plans for refinancing. 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 joining Essar, he has worked with Caf Coffee Day and UB Spirits. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. 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 . Because of Essars experience in marine construction projects, the shipping business was a natural extension. 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. The steel generation capacity at the Hazira plant was raised from 2 MTPA to 2.4 MTPA through de-bottlenecking. Viral has held key leadership positions at Vedanta Resources Plc, CIMB Securities/ Royal Bank of Scotland, Warburg Pincus, Citigroup, and Credit Suisse. 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. Vertex's low carbon hydrogen production plant will be a core part of the HyNet low carbon cluster. 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. REUTERS/Phil Noble LONDON, Nov 30 (Reuters) - Essar Oil UK said on Wednesday it planned. Operating Parter, Infrastructure & MD & CEO, Essar Ports. 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. Vice Chairman & Operating Partner, Metals & Mining, Operating Parter, Infrastructure, MD & CEO, Essar Ports, Sr. At Hazira, a deep draft berth and shipping channel was constructed to enhance the cargo handling capacity by bringing larger vessels alongside the berth. He plays a key role in managing strategic functions of EGFL. Essar Ports Limited Essar House, 11, K.K. Our ambition is to become a leading low carbon refinery. In 2012, he was awarded an excellence award for his contribution to renewable energy and sustainability by the Energy and Environment Foundation. 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 Stanlow refinery supplies about a sixth of the UKs road fuel. Marg, Mahalaxmi, Mumbai - 400034 Maharashtra, India. 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 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. Unite said it had informed the owner of the Ellesmere refinery, India's Essar Group, that its members . . : +91-22- 66601100 Fax: +91-22-66601809 Write to us : Mumbai Essar Equinox Business Park (Peninsula Techno Park), Off Bandra Kurla Complex, Recently, he was also awarded Business Leader of the Year in the NBFC segment by ET Now. Well do this through a combination of our unique geographical location, decades of experience and a passion for a greener, cleaner planet. So Essar set up steel manufacturing facilities at Hazira with the objective of gaining value addition. Managing Director, Finance, Metals & Mining. Steel: The uncertainties of a cyclical business. It invested in relevant logistics assets. 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. Low carbon hydrogen will be produced at the Stanlow Manufacturing Complex located in Ellesmere Port, Cheshire. In 2005, when the vessel rates peaked, Essar sold its five Suezmax tankers at the price at which they were bought in 1994. Madhu Vuppuluri is the Operating Partner, Metals & Mining, Essar Capital. Stanlow Manufacturing Complex, Essar Energy. Firdose Coovadia is an Advisor, Metals & Mining, at Essar Capital. 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 refinery plays a strategic role in the UK economy, supplying 16% of all road transport fuels. An offering that prides itself in the highest levels of safety to protect our people, your people and the communities we operate in. Within 18 months after work resumed, Essar began commissioning the refinery in phases. 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. If you would like a quote for delivery . 925.730.0150. info@fulcrum-bioenergy.com . He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking for Infrastructure. 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. After achieving success and recognition in India, the Company was now poised to venture overseas. Vikash Saraf is the non-executive director of Essar Capital. 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 was appointed as MD & CEO of Essar Shipping, Ports & Logistics Limited in 2010. She has more than 23 years of experience in Human Resources, having worked across industries like Manufacturing, Pharma, IT and Retail. Name Address Address(maps) LinkedIn Alibaba AliExpress Global Sources Want to send an RFI or RFQ to this supplier? 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. He is responsible for all HR matters for the Metals & Mining and Services & Technology portfolios. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. Essar replaced Swiss PTT with Hutchison as partner. The energy industry is changing. Stanlow also plays an important part in Britains petrochemical industry, providing feedstocks such as toluene, propylene and ethylbenzene. Moreover, the quality of scrap was also not always up to the mark. 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. 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. They primarily export from United States with 17 shipments . Essar Oil (UK) Limited 2021. In the second quarter, a devastating cyclone hit the western coast of India damaging several structures in the refinery site. In the early 1990s, the Indian economy was liberalised and many industries that were hitherto monopolised by public sector companies were opened up to the private sector. Anshuman Ruia is known for his financial expertise and project execution skills. 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. 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. . Rahul Taneja is the Managing Director, Human Capital at Essar Capital. Mr Viral Gathani is the Managing Director, Finance, Energy, at Essar Capital. For Essar's Stanlow Terminals Limited, this is a breakthrough deal to provide dedicated tank capacity for the storage and blending of fuel products from Fulcrum NorthPoint. 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. Acting as director of several client companies, Rajiv is a Fellow member of the Mauritius Institute of Directors since 2012. 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. 11, K.K. He has worked as an Economic Advisor, and the principal economic policy maker at the state level for seven years. 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. 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. He is an experienced professional and an industry veteran, with 33 years experience with Tata Steel and 11 years with Jindal Steel & Power. Prashant is part of the second generation of the Ruia family that founded Essar. Suite 220 However, the recovery from the pandemic has been slower than predicted, the company said, adding that it hopes for a resolution soon. Prior to being the Managing Director at Essar Capital, Rakesh has been at leadership positions in Essar Ports. 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. ian.cotton@essaroil.co.uk and 07805 854169, Jeff Ovens, Managing Director, UK & Europe, jovens@fulcrum-bioenergy.com and 07399 472 650. Intelius reports cannot be used for background checks related to consumer credit, insurance, employment, housing or any other purpose prohibited under the FCRA. Fulcrum NorthPoint is expected to begin commercial production in the first quarter of 2027, producing approximately 100 million liters of low carbon sustainable aviation fuel each year. When Essar conceived the project, international steel prices were in the region of USD 450 per tonne. Until then, only foreign construction companies would undertake a project of this magnitude and complexity. He was chairman and chief executive of J&K Bank for five years. 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. Role Active Director Date of birth July 1961 India Salaya Vizag Stanlow. Correspondence address Essar Oil (uk) Limited, Lansdowne House - 2nd Floor East, Berkeley Square, London, England, W1J 6ER . Mumbai - 400034 Essar teamed up with Brown & Root of USA in laying an under-sea pipeline from the offshore Bassein gas field to Hazira. Together, these initiatives will help diversify the refinery in a greener direction, and help achieve the UK's decarbonisation goals. Essars Indian lenders refused to bail the company out. Tempe, Arizona white page directory listings include full name, phone number and address. Essar then acquired licenses for Eastern UP, Rajasthan, Haryana and Punjab. His strength lies in leading new business development opportunities and conducting preliminary due diligence and analysis of emergent companies and partners. By continuing to use our website, you agree to our Privacy Policy Accept, Dedicated marine import capability to tankage. The pipe laying division of the company was certified at ISO 9002. 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. All Rights Reserved. This was not sufficient for the business to achieve and sustain long-term growth. Essar was founded in 1969 by his father, Shashi Ruia and uncle Ravi Ruia. Prior to joining Essar Capital, Vikash was an Executive Director and CEO of SSKI Corporate Finance Ltd, a boutique investment bank specialising in infrastructure financing and advisory. 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 . Copyright 2023 Essar. Essar wanted to buy out Hutchisons stake and tied up a line of credit of over USD 11 billion. Fulcrum is currently commissioning the world's first commercial waste-to-transportation fuels plant, located in the United States. 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. Sale included 20 MTPA refinery, retail, port and related infrastructure. Vikash is also a member of the Management Committee of Essar Capital. All Rights Reserved. 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. 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. 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. 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. 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. At the same time, the 8 MTPA iron ore beneficiation plant at Bailadila and the 267-km slurry pipeline were completed. The takeover of SCGL has enabled Essar to widen its product base and cater to a larger segment of industries. In 2006, Hutchison, too, decided to exit India. Since Essar did not have prior experience in this industry, it roped in Swiss PTT as a joint venture partner. B.C. Prior to joining Essar, he was associated with EY as a Partner for 11 years. Ian Cotton, Head of Communications and Community. Top-lines crashed, while interest rates were at their highest ever (Prime Lending Rates had touched 17 percent). You may not use any information obtained from Intelius for any purpose covered by the FCRA. Doaa AboulThomas AbbottSusan AdamsEmilio AbundioBorzu AfshariRay AdamsAnn Addington, Mesa, AZPhoenix, AZChandler, AZScottsdale, AZGilbert, AZ. All of its portfolio companies share the Funds ESG centric value system, reflecting the philosophy of placing people before profit. He has over 25 years of work experience in the field of M&A and Transactions. 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. EGFL has a globally benchmarked robust risk and regulatory framework. Essar followed up this success, by setting up a pellet plant in Visakhapatnam as part of its backward integration strategy. He joined Burmah Shell in 1957, also known as Bharat Petroleum Corporation Ltd after it was nationalised, and retired from it as director marketing. Essar Constructions executed pipe laying contracts for all the major oil companies in India, and drinking water pipelines in Gujarat, Tamilnadu and Rajasthan. Even during the downturn in the shipping industry, Essar Shipping registered profits. 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. Essar Group is to invest $3.6bn developing low-carbon energy in the UK and India under the newly formed Essar Energy Transition (EET). In September, EOUK announced it had signed a Heads of Terms offtake agreement with Vertex, a joint venture with Progressive Energy, for the supply of 280MW+ of hydrogen. Mahalaxmi, 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. Additionally, he has held leadership positions at IAA Healthcare, Metropolitan Insurance, CIM Global Business, CIM Asset Management, Ireland Blyth Limited and HSBC respectively. With over 30 years of experience in operational leadership, investment management and business growth across diverse sectors, Srinivasan provides critical evaluation on current and future capital investments. 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. Madhus expertise lies in the area of mergers & acquisition, fund raising, investor relations, and operations management, and leads future capital investment recommendations to Essar Capitals Board of Directors. At Stanlow Terminals, we pride ourselves on being flexible to our customers' needs, with a market leading storage offering. 20 August 2011. There was an FCCB (Foreign Currency Convertible Bonds) component that needed to be raised abroad in the latter half of 1998. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address . Not one to lag behind, Essar seized every opportunity that came its way. . Essar Energy locked in negotiations with HMRC over VAT payment delayed because of pandemic. 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. 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. 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. By 2030, Vertex expects to deliver nearly 4GW of low carbon hydrogen, equivalent to c.40% of the UK Governments national target. 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. By 2006, all the circles were under one umbrellaHutchison Essar Limited. Essar Stanlow's top supplier is Refined Technologies with 17 shipments. In this business, too, Essar kept refinancing the debt to reduce finance costs. All its Suezmax tankers were approved by oil majors, an endorsement that fetches a premium in freight. As a result of that work over the past few months, EOUK has $1.1bn [800m] in liquidity secured. 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. 2023 PeopleConnect, Inc. d/b/a Addresses.com. Essar Ports Limited Until the mid-1980s, Essar was focused on the service sectors of construction and shipping, which were prone to cyclical volatility. He has played an integral role in many landmark private equity transactions and has also managed many regional and global private equity funds. 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. Registered office address The Administration Building 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB Company status Active Company type Private limited Company. At that price, steel plant operations were simply unsustainable. Stanlow Diesel 121.87 ppl, PU10 114.81 ppl. The experience in contract drilling prompted the Group to venture into the upstream in the Oil sectori.e. Managing Director, Finance, Infra, Tech & Retail. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. 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. Work on the refinery was progressing as per schedule till the first quarter of 1998. 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. Essar began the process of refinancing one year in advance, in May 1998. Mr Naushad Ansari is Managing Director, Business Development, at Essar Capital. Essar owned 33% stake in the consolidated entity. Essar Capital Limited (Essar Capital) is the investment manager of Essar Global Fund Limited (EGFL).
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