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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. Northampton Diesel 121.98 ppl, PU10 114.89 ppl. 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. Essar Energy. EGFL has a globally benchmarked robust risk and regulatory framework. 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. He is an experienced professional and an industry veteran, with 33 years experience with Tata Steel and 11 years with Jindal Steel & Power. The sponge iron plant became a hugely successful venture. 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. 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. He has over 25 years of work experience in the field of M&A and Transactions. 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. This plant helped Essar Constructions garner expertise in building power plants in addition to its valuable experience in other sectors, including the steel plant for Essar Steel. Left with no option, Essar was forced to default on the FRN loan, despite having made concrete plans for refinancing. The green energy projects will include an investment of $1.2 billion in green ammonia manufacturing in India. 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. 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. Essar began the process of refinancing one year in advance, in May 1998. Mr Viral Gathani is the Managing Director, Finance, Energy, at Essar Capital. Our DNA is to invest with spirit of an entrepreneur, build assets with the passion of an owner and manage businesses with the discipline of a professional. He has a strong professional record in streamlining litigation, M&A, turnkey contract management, IPR, project financing, international arbitration and compliance support. Work on the refinery was progressing as per schedule till the first quarter of 1998. The FRNs were due for refinancing in 1999, the year that marked the end of the five-year term. 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 . Independently, Essar had acquired licenses in seven circles where Hutchison Essar did not have operations, and in four circles of BPL. Rakesh Kankanala is the Managing Director, Managing Director, M&A, Infrastructure, of Essar Capital. During the period of stoppage, Essar had wisely planned for technology upgrades. Essar replaced Swiss PTT with Hutchison as partner. This has improved the quality of the ore and reduced the transportation cost. Marg, Mahalaxmi, Mumbai - 400034 Maharashtra, India. 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. 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. In order to improve the efficiency, Essar Steel bought Stemcors 51 percent stake in HyGrade Pellets Limited, the pellet making venture of Essar. Managing Director, Finance, Infra, Tech & Retail. 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. The funds from the sale of the tankers were used to buy two very large crude carriers (VLCC) of modern vintage and three Cape-size vessels. 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. For cheapest and greenest transportation of your products, Beyond Storage Bespoke sustainable solutions to suit logistics and supply chain requirements. 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. Today, the Hazira power plant has two power purchase agreementsone with the Gujarat State Electricity Board and the second with Essar Steel. The ambitious plan sets firm foundations to accelerate the UK's path to net zero while transforming the economy, boosting employment and delivering growth. Purchasing and Supplier Management (PSM) enquiry, 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. Essar says it is in positive discussions with HMRC for a short extension to its time-to-pay (TTP) arrangement agreed earlier this year, having repaid 547m of the 770m originally deferred. Essar also entered the power and telecom sectors as and when they were opened up to private participation. Rahul Taneja is the Managing Director, Human Capital at 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. Stanlow contributes an estimated 60 million each year to the local economy and will house the UK's first low carbon hydrogen facility. Essar Oil UK Contact us Contact us How can we help you? Managing Director, Finance, Infrastructure, Technology & Retail, Managing Director, Business Development, Metals & Mining, Download Corporate Film(Extended Version). 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. Box 2260 Tempe, Arizona 85280-2260 For all other mailing needs: ASU Foundation P.O. Plant owner. 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. 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. Prior to being the Managing Director at Essar Capital, Rakesh has been at leadership positions in Essar Ports. India Salaya Vizag Stanlow. All Rights Reserved. In order to lend stability to the Group, Essar planned to enter manufacturing. : +91-22- 66601100 Fax: +91-22-66601809 Write to us : Mumbai Essar Equinox Business Park (Peninsula Techno Park), Off Bandra Kurla Complex, 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. 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. In 2012, he was awarded an excellence award for his contribution to renewable energy and sustainability by the Energy and Environment Foundation. Essar Logistics took care of the movement of cargo, generated by Essar Steel and Essar Oil, by road. 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. Subsequent to the HyGrade takeover, the pellet making capacity was enhanced to 8 MTPA. Last month Essar Oil UK announced its participation in the production of blue hydrogen under the HyNet project. Kailash Daultani currently serves as the Managing Director, Treasury and Finance, at Essar Capital. Sanjay is a seasoned professional with more than 22 years of stellar experience in building and leading large financial businesses across wholesale and retail segments. Sale included 20 MTPA refinery, retail, port and related infrastructure. Essar Oil UK (EOUK) used the governments pandemic VAT deferral scheme last year, which allowed businesses to delay tax repayments. Prior to Essar, he was the CEO & Executive Director of Hero Future Energies Pvt Ltd. The Late 1980s: Foray into core sector manufacturing. Essar is investing to make our refinery at Stanlow, the UK's first low carbon refinery. All Rights Reserved. With 18 years of experience, he has also served as the Senior Vice President, International Projects and Corporate Finance, with Essar Services. Moreover, the quality of scrap was also not always up to the mark. He joined Essar as CEO Retail in the year 2010. After achieving success and recognition in India, the Company was now poised to venture overseas. Being one of the low-cost steel producers, Essar managed to make operating profits. 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. As the world comes together to develop innovative ways of generating sustainable energy the supporting storage and transportation infrastructure needs to evolve. . Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. Email. Essar Stanlow's top supplier is Refined Technologies with 17 shipments. Essar braced itself for the oncoming challenge. Essar again grabbed the opportunity and went on to become Indias largest rig operator in the private sector. Vice Chairman & Operating Partner, Metals & Mining, Operating Parter, Infrastructure, MD & CEO, Essar Ports, Sr. Essar Site. Similarly, Essar Bulk Terminal was set up to create bulk terminal facilities at Hazira and other ports. Most Recent Shipment: 04/07/2022 (Database Updated . 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. Firdose has extensive experience in emerging markets, having been involved in advising governments, parastatals and companies in Africa, India, Europe and the Middle East. Gifts and Donations to: ASU Foundation Attn:Financial Services P.O. 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. In addition to OSVs, it bought Diving Support Vessels and Multi Support Vessels. 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. Stanlow Oil refinery at Ellesmere Port in northwest England Why you can trust Sky News The owner of the vast Stanlow oil refinery in north-west England is in urgent talks about its future amid concern that it could be nearing collapse. The 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. Stanlow is connected to the rest of the UK by an extensive road network, focused on the M62, M60, M56, M53, A66, A69 East-West corridors and the South and Transpennine routes. Box 2260 Tempe, Arizona 85280-2260 To visit us on site: ASU Fulton Center 300 E. University Drive Tempe, AZ . India in those days had secondary steel makers who used imported scrap to produce steel. 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. Alok Gupta is the Operating Partner, Technology & Retail, at Essar Capital. He plays a key role in managing strategic functions of EGFL. 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. He Joined Essar in 1997 as COO in Essar Telecom and was the Executive Director of Essar Shipping Limited from 1998-2002. 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. He has worked as an Economic Advisor, and the principal economic policy maker at the state level for seven years. Essar Oil UK, which operates Stanlow Refinery, and Fulcrum BioEnergy, based in California, US, have teamed up with Stanlow Terminals to develop the . 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. Ensuring your bulk liquid products reach their destinations with ease. The experience in contract drilling prompted the Group to venture into the upstream in the Oil sectori.e. As a result, while most shipping companies in India were making losses in the 80s, Essar was reaping profits. Michelle Lewis, Corporate Affairs Director, Essar: michelle.lewis@essaroil.co.uk / 07805 854169, Peter Ogden, Powerscourt: essar@powerscourt-group.com / 07793 858 211. 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. 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. The Essar Group was established by Mr. Shashi Ruia and Mr. Ravi Ruia in 1969, in South India. 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. Retrieved 30 March 2012. Plant owner Essar is also investing in a . Registered office address The Administration Building 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB Company status Active Company type Private limited Company. 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 is already making rapid progress against its broader decarbonisation targets. Maharashtra, India, Copyright 2021 All rights reserved Additionally, he is also a member of the India-Indonesia CEOs Forum. Sanjay Palve is the Sr. Together, these initiatives will help diversify the refinery in a greener direction, and help achieve the UK's decarbonisation goals. 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. Essar Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. Legal Disclaimer and Terms and Conditions of Usage, This website uses cookies or similar technologies, to enhance your browsing experience and provide personalized recommendations. Stanlow also plays an important part in Britains petrochemical industry, providing feedstocks such as toluene, propylene and ethylbenzene. Simultaneously, global steel prices started tumbling and reached a historic low of USD 180 per tonne. Ellesmere Port, Cheshire, Thus Essar was able to build one of the most valuable telecom companies in the world. Essar JV to build UK's largest hydrogen hub 2 min read . Located between Manchester and Liverpool on the west coast of the United Kingdom, Stanlow is connected to sea freight routes that extend globally, and are served by a host of international shipping lines such as ACL, MSC and NYK. Work on the refinery began in 1994, and by 1995, the necessary funding was in place. 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. Mr Rajiv Gujjalu serves as Director Essar Global Fund Limited (EGFL). Essar was founded in 1969 by his father, Shashi Ruia and uncle Ravi Ruia. Since acquiring Stanlow in 2011, Essar has invested $1 billion in margin improvement and other efficiency initiatives to ensure the refinery remains competitive in a rapidly changing market. Not only is it the right environmental thing to do, it will future proof the critical Stanlow refinery for the long term, protecting jobs and industry, while also placing Stanlow at the very centre of the UKs energy transition.. Marg, Since 2010, some of the pioneering investments were proactively monetised for an enterprise value of US$ 40 bn through large transactions with foreign and Indian entities. In the second quarter, a devastating cyclone hit the western coast of India damaging several structures in the refinery site. Haseeb Drabu is an economist with over 30 years of experience with diverse skill-sets and wide-ranging experience as a lawmaker, policy planner, banker and an economic commentator. Prior to joining Essar, he was the Vice President and General Counsel at Hindustan Construction Company Ltd. He is on the Boards of World Steel Association, and the Metals & Mining and Energy industry Committee of the World Economic Forum. Vertex's low carbon hydrogen production plant will be a core part of the HyNet low carbon cluster. He has also advised boards and management on major transactions in 34 countries. 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. This is a massive undertaking, but it is a journey we are fully committed to. Pleasanton, CA 94588. However, Swiss PTT wanted to shut shop as part of its strategy to exit all Asian operations. Essar House, 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. Having started his career with HPCL, he worked with National Oil Nigeria, Reliance Industries Ltd., TotalFinaELF and Gulf Oil India. Now, Essar is all set to team up with the new JV partner Vodafone to take growth to the next level. Phone. Prashant holds key positions on several prestigious regulatory and professional boards. The joint venture company then went about consolidating operations and acquiring various telecom circles. Jatinder Mehra is the Vice Chairman & Operating Partner of 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. 4900 Hopyard Road At Stanlow Terminals, we pride ourselves on being flexible to our customers needs, with a market leading storage offering. 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 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. He would be responsible for advising and leading the company with regards all investments and opportunities in the metals & mining sector. The 1980s: Supporting Indias nascent exploration sector. ian.cotton@essaroil.co.uk and 07805 854169, Jeff Ovens, Managing Director, UK & Europe, jovens@fulcrum-bioenergy.com and 07399 472 650. It that happened, the refinery would be likely to be taken on by the official receiver, to keep the refinery running. All Rights Reserved. He joined Burmah Shell in 1957, also known as Bharat Petroleum Corporation Ltd after it was nationalised, and retired from it as director marketing. Correspondence address The Administration Building, 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB . 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. He is responsible to advise and represent the company for all the legal matters concerning the Energy sector investments and portfolio businesses. Andrew Wright is the Managing Director, Legal, at Essar Capital. Utilising our strong geographical position and experience in the energy sector, we are providing delivery solutions based on the ability to safely handle energy products to meet the needs of todays society and tomorrows society. At the same time, the 8 MTPA iron ore beneficiation plant at Bailadila and the 267-km slurry pipeline were completed.