Stanlow, 15th February, 2021. Essar is building assets & creating value in new promising markets right from services to retail in India and internationally. 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. Essar had financed the project through a combination of rupee debt and Floating Rate Notes (FRN)both on a five-year tenure. In early 2005, Essar restructured the balance sheet and work resumed with renewed vigor on completing the refinery project. Correspondence address Essar Oil (uk) Limited, Lansdowne House - 2nd Floor East, Berkeley Square, London, England, W1J 6ER . 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.. 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 did not succumb to the pressure. Recently, he was also awarded Business Leader of the Year in the NBFC segment by ET Now. 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. This will be the first Fulcrum plant outside the United States. It also bought Stemcors 100 percent stake in Steel Corporation of Gujarat (SCGL) which had set up a 1.2 MTPA cold-rolling complex at Hazira. Mr Sogani helps manage Essar Capital investments in the portfolio companies of metals & mining sector. He has over 25 years of work experience in the field of M&A and Transactions. However, the recovery from the pandemic has been slower than predicted, the company said, adding that it hopes for a resolution soon. 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. Vertex Hydrogen is a joint venture between Essar Oil UK and Progressive Energy. His experience spans several sectors including mining and natural resources, telecommunications, business process outsourcing, infrastructure, healthcare and manufacturing. Essar Shipping diversified and modernised its fleet in the early 1990s. The steel generation capacity at the Hazira plant was raised from 2 MTPA to 2.4 MTPA through de-bottlenecking. 925.730.0150. His entrepreneurial abilities have enabled the Essar Global portfolio of companies to become one of the leading names in global industry. For SBI, the proposal posed a real challenge since it involved a first-of-its-kind transaction for the bank as well! 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. Maharashtra, India, Copyright 2021 All rights reserved 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. Pleasanton, CA 94588. EGFL has a globally benchmarked robust risk and regulatory framework. Simultaneously, global steel prices started tumbling and reached a historic low of USD 180 per tonne. Operating Parter, Infrastructure & MD & CEO, Essar Ports. [1] www.essaroil.co.uk/news/uks-first-refinery-based-hydrogen-furnace-arrives-at-essar/. Physical location: 777 Novus, Suite 310AA, Tempe, AZ 85287-4308 Building: Novus Tower, Tempe Campus Mailing address: P.O. Fulcrum is currently commissioning the world's first commercial waste-to-transportation fuels plant, located in the United States. Many steel companies at that time went down under. By this time, all of Essars businesses had grown significantly and the time had come for managing each business as an independent company. The plant has a high availability factor of 99 percent. Having started his career with HPCL, he worked with National Oil Nigeria, Reliance Industries Ltd., TotalFinaELF and Gulf Oil India. Hutchison Essars subscriber base, too, has risen from 1,50,000 to 28 million. 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. Rakesh Kankanala is the Managing Director, Managing Director, M&A, Infrastructure, of Essar Capital. Essar Oil UK, which is being advised by EY, also insists it has made considerable progress to strengthen its financial position and agree new financing. Such emission reductions are approximately 70% and have the future potential to be fully carbon neutral. 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. 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. Ensuring your bulk liquid products reach their destinations with ease. Essar then acquired licenses for Eastern UP, Rajasthan, Haryana and Punjab. Following this maiden contract, Essar bagged projects at every major port in the country, including Tuticorin, Mangalore, Goa, Kakinada and Nhava-Sheva in Mumbai. 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. Similarly, Essar Bulk Terminal was set up to create bulk terminal facilities at Hazira and other ports. Essar Oil (UK) Limited 2021. REUTERS/Phil Noble LONDON, Nov 30 (Reuters) - Essar Oil UK said on Wednesday it planned. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. The pipe laying division of the company was certified at ISO 9002. Last month Essar Oil UK announced its participation in the production of blue hydrogen under the HyNet project. By continuing to use our website, you agree to our Privacy Policy Accept, Dedicated marine import capability to tankage. Vikash is also a member of the Management Committee of Essar Capital. Shashi Ruia began his career in the family business in 1965 under the guidance of his father, the late Nand Kishore Ruia. Until the mid-1980s, Essar was focused on the service sectors of construction and shipping, which were prone to cyclical volatility. 2023 PeopleConnect, Inc. d/b/a Addresses.com. Essar began the process of refinancing one year in advance, in May 1998. During the period of stoppage, Essar had wisely planned for technology upgrades. He would be responsible for advising and leading the company with regards all investments and opportunities in the metals & mining sector. 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. Viral has held key leadership positions at Vedanta Resources Plc, CIMB Securities/ Royal Bank of Scotland, Warburg Pincus, Citigroup, and Credit Suisse. Contact Us. 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. The Essar Group was established by Mr. Shashi Ruia and Mr. Ravi Ruia in 1969, in South India. Dhanpat Nahata is the General Partner, Strategy and Risk, at 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. The company approached State Bank of India (SBI), a leading public sector bank in India, for a loan. The promoters could foresee the demand, a vision that paid rich dividends. 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. His academic research paper on Sustainability and Renewable Consumption Obligation has been presented at forums of international repute. Box 874308 Main phone: 480-965-7682 Fax: 480-965-9199 Undergraduate & Graduate Advising. 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. 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. Essar Oil (UK) Limited (Essar) is delighted to join forces with Fulcrum BioEnergy Limited (Fulcrum) and Essar's subsidiary company Stanlow Terminals Limited to create a new facility which will convert non-recyclable household waste into sustainable aviation fuel (SAF) for use by airlines operating at UK airports. Stanlow Diesel 121.87 ppl, PU10 114.81 ppl. Essar Ports is both a people-driven and people-centric organisation. 20 August 2011. Essar again grabbed the opportunity and went on to become Indias largest rig operator in the private sector. Mahalaxmi, It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address . With over 32 years of work experience in the technological sector, Alok leads all new capital investment recommendations to the companys board. Copyright 2023 Essar. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. Both these factors led to a stoppage of work at the refinery, The Mid-2000s: Resurrecting the Essar Oil Refinery. 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. 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. Firdose Coovadia is an Advisor, Metals & Mining, at Essar Capital. Prior to joining Essar, he was associated with EY as a Partner for 11 years. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking for Infrastructure. Jatinder Mehra is the Vice Chairman & Operating Partner of Essar Capital. Essar Energy locked in negotiations with HMRC over VAT payment delayed because of pandemic. He is a seasoned professional with over 27 years of experience, including 23 years in international investment banking & private equity. The green energy projects will include an investment of $1.2 billion in green ammonia manufacturing in India. 4900 Hopyard Road 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. The energy industry is changing. With more than 50 years of experience, he guides Essar through transformations, manages operating functions and leads complex projects. Essar Capital Limited (Essar Capital) is the investment manager of Essar Global Fund Limited (EGFL). 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. 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. 11, K.K. 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. Essar is already making rapid progress against its broader decarbonisation targets. He is on the Boards of World Steel Association, and the Metals & Mining and Energy industry Committee of the World Economic Forum. Dockers at Stanlow refinery in Cheshire have refused to unload a shipment of Russian oil. Prior to joining Essar, he was the CEO of Religare Finvest Limited (RFL) and the Managing Director of Religare Housing Development Finance Corporation (RHDCL). This arrangement was made for two principal reasons: One, Indian financial institutions were not in a position to lend for a longer term; two, raising foreign currency debt beyond five years was not permitted at that time. Address. 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. Essar also entered the power and telecom sectors as and when they were opened up to private participation. The aim was to build a diverse fleet that could help hedge any downturns in the business. Rajiv was awarded the designation of Canadian Investment Manager by the Canadian Securities Institute in 2006. In 2012, he was awarded an excellence award for his contribution to renewable energy and sustainability by the Energy and Environment Foundation. Essar followed up this success, by setting up a pellet plant in Visakhapatnam as part of its backward integration strategy. 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. His strength lies in leading new business development opportunities and conducting preliminary due diligence and analysis of emergent companies and partners. Managing Director, Finance, Infrastructure, Technology & Retail, Managing Director, Business Development, Metals & Mining, Download Corporate Film(Extended Version). He also served as a member on the Boards of Bharat Shell, and was the managing director of Bharat Oman Refineries Ltd. After a brief stint with Reliance Industries as its advisor, Varma joined Essar Oil as its CEO, Marketing, in 1999. 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 . After achieving success and recognition in India, the Company was now poised to venture overseas. Essar Oil UK Ltd - Code Of Conduct.pdf document - PDF | 4.8MB, Essar Oil UK - Anti-Slavery and Human Trafficking Statement.pdf document - PDF | 85.6KB, Essar Gender Pay Gap 2021.pdf document - PDF | 1.2MB, Tax Strategy Policy.pdf document - PDF | 481.5KB, The Stanlow Terminals Road Terminal which has significant spare capacity which provides supply resilience for the region, A direct connection via the UK Oil Pipeline through to Kingsbury, Northampton and beyond towards London, A pipeline connection to the UKs busiest regional airport at Manchester, Six berths on the Manchester Ship Canal handling export parcels of up to 10,000 tonnes, 4.4 billion litres of diesel every year - enough to drive a car doing 40 mpg 4,000 times around the equator every day, 3billion litres of petrol a year enough to drive a car 20 million times around the world, 2billion litres of jet fuela year enough to fuel 17,000 jumbo jets flying from Manchester to Los Angeles, Stanlow is one of thelargest refineries in Europe covering an area the equivalent of 300 football pitches, The refinery processes up to 9million tonnes of crude every year - thats more than 20,000 litres per minute, Distribution of products from Stanlow is mainly via road and pipeline. Intelius reports cannot be used for background checks related to consumer credit, insurance, employment, housing or any other purpose prohibited under the FCRA. 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. 4900 Hopyard Road Currently, he heads the country operations of Afrocentric Group in Mauritius and is the Managing Director of Medscheme International. An MBA from IIM Lucknow, Rakesh is a qualified Engineer from NIT, and brings with him 13 years of experience. Doaa AboulThomas AbbottSusan AdamsEmilio AbundioBorzu AfshariRay AdamsAnn Addington, Mesa, AZPhoenix, AZChandler, AZScottsdale, AZGilbert, AZ. Also, the financial sanctions imposed on India subsequent to the Pokhran nuclear test in May 1998 ensured that Essar was banned from raising FCCBs. Tempe, Arizona white page directory listings include full name, phone number and address. All Rights Reserved. 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. He is responsible to advise and represent the company for all the legal matters concerning the Energy sector investments and portfolio businesses. 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. 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. By 2030, Vertex expects to deliver nearly 4GW of low carbon hydrogen, equivalent to c.40% of the UK Governments national target. With 18 years of experience, he has also served as the Senior Vice President, International Projects and Corporate Finance, with Essar Services. Prior to joining Essar, he has worked with Caf Coffee Day and UB Spirits. 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. as panic buying hits forecourts across the country. 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). Around the mid-1980s, the Government also opened up the contract drilling business to Indian private companies. Vice Chairman & Operating Partner, Metals & Mining, Operating Parter, Infrastructure, MD & CEO, Essar Ports, Sr. Prashant is part of the second generation of the Ruia family that founded Essar. 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. Essar wanted to buy out Hutchisons stake and tied up a line of credit of over USD 11 billion. 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). Alok Gupta is the Operating Partner, Technology & Retail, at Essar Capital. He plays a key role in managing strategic functions of EGFL. 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. All these activities were consolidated under Essar Shipping and Logistics Limited. He is responsible for investigation, analysis and assessment of risk, and accordingly design and implement strategies and processes which mitigate these threats. Mr Deepak Sogani joined ESSAR in August 2020 as Managing Director Finance, Essar Capital, the investment manager for Essar Global Fund Limited (EGFL). As Fulcrum's first facility in the United Kingdom, NorthPoint will be located at the Essar Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. Stanlow Terminals Limited 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. 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. Essars Indian lenders refused to bail the company out. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. EOUK had agreed to an accelerated schedule to make this payment. This was not sufficient for the business to achieve and sustain long-term growth. Essar has invested in a portfolio of world-class companies across sectors and geographies. Six business areas in the core sectorConstruction, Shipping, Steel, Power, Oil & Gas, and Telecommunicationswere identified as growth drivers for the Group. A fleet of 13 onshore rigs and a semi-submersible rig were deployed with clients in India and abroad. Stanlow also plays an important part in Britains petrochemical industry, providing feedstocks such as toluene, propylene and ethylbenzene. Madhu Vuppuluri is the Operating Partner, Metals & Mining, Essar Capital. 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. Vikash Saraf is the non-executive director of Essar Capital. Because of Essars experience in marine construction projects, the shipping business was a natural extension. Mr Naushad Ansari is Managing Director, Business Development, at Essar Capital. 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 also enables the import of large parcels of diesel. In 2005, when the vessel rates peaked, Essar sold its five Suezmax tankers at the price at which they were bought in 1994. Stanlow Manufacturing Complex, She has more than 23 years of experience in Human Resources, having worked across industries like Manufacturing, Pharma, IT and Retail. Kingsbury Diesel 121.92 ppl, PU10 114.84 ppl. The combined cycle power plant was state-of-the-art and was capable of using multi fuel with technology from General Electric, Hanjung and Siemens.