Work on the refinery was progressing as per schedule till the first quarter of 1998. Strategic investments in setting up world-class facilities in Steel, Power, Ports, Oil and Gas. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. In 2005, when the vessel rates peaked, Essar sold its five Suezmax tankers at the price at which they were bought in 1994. Unlike other fuel technologies currently being considered by industry, the use of SAF does not require changes to aircraft, engines, or airport infrastructure. 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. . But this was not sufficient to meet its debt obligations. With over 32 years of work experience in the technological sector, Alok leads all new capital investment recommendations to the companys board. 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. However, Swiss PTT wanted to shut shop as part of its strategy to exit all Asian operations. Raj Varma is an Advisor, at Essar Capital. 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. Try LightSource for your strategic sourcing. Essar became the first Indian company to operate in the waters of the Atlantic. Essar continues to be the largest Indian exporter of flat steel. It that happened, the refinery would be likely to be taken on by the official receiver, to keep the refinery running. Prior to Essar, he was the CEO & Executive Director of Hero Future Energies Pvt Ltd. Essar had contracts with Chevron, Exxon-Mobil, Stat Oil, Shell, etc. 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. 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. Tempe, Arizona white page directory listings include full name, phone number and address. 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 owned 33% stake in the consolidated entity. Tripathi is the Vice Chairman, Exploration & Production at Essar Capital, and has over 36 years of experience across Operation & Maintenance of Pipelines, Project Management, Contracts Management, Customer Relationship Management, Marketing etc. Previously Group Director at Gulf Petrochem, he is an oil and gas professional with around 35 years of experience in sales, marketing and trading of petroleum products in India, the Middle East and Nigeria with Public Sector Undertakings, Multi-National Companies and private sector companies. It also enables the import of large parcels of diesel. Pleasanton, CA 94588. Contact information for Essar companies in India and worldwide . He is a strong business development professional with a Mechanical Engineering Degree from Aligarh Muslim University. At Stanlow Terminals, we pride ourselves on being flexible to our customers needs, with a market leading storage offering. Following this maiden contract, Essar bagged projects at every major port in the country, including Tuticorin, Mangalore, Goa, Kakinada and Nhava-Sheva in Mumbai. He joined Essar in early 2000 and has played a key role on strategic investments of Essar in core economy and infrastructure sectors. The ambitious plan sets firm foundations to accelerate the UK's path to net zero while transforming the economy, boosting employment and delivering growth. Hazira was also the land fall point for gas from the Bassein gas field in Bombay High. Stanlow is a key strategic national asset, annually producing over 16% of the UK's road transport fuels, while playing an important part in Britain's petrochemical industry by providing key feedstocks. Stanlow has a highly efficient distribution capability for refined end products: Essar Oil UK remains the lowest cost supplier into the North West and is highly competitive in supplying adjacent markets. 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. 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. Contact Us. Copyright 2023 Essar. 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. CH65 4BD, United Kingdom, UKs Largest
At the same time, the 8 MTPA iron ore beneficiation plant at Bailadila and the 267-km slurry pipeline were completed. The pipe laying division of the company was certified at ISO 9002. 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. Essar Oil UK (EOUK) used the governments pandemic VAT deferral scheme last year, which allowed businesses to delay tax repayments. Essar Constructions executed pipe laying contracts for all the major oil companies in India, and drinking water pipelines in Gujarat, Tamilnadu and Rajasthan. Around this time, Bombay High had just started producing oil, which needed to be transported onshore. 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. Role Active Director Date of birth July 1961 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. He joined Burmah Shell in 1957, also known as Bharat Petroleum Corporation Ltd after it was nationalised, and retired from it as director marketing. 4900 Hopyard Road Essar Oil (UK) Limited 2021. As Fulcrum's first facility in the United Kingdom, NorthPoint will be located at the Essar Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. Box 2260 Tempe, Arizona 85280-2260 For all other mailing needs: ASU Foundation P.O. 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. 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. His academic research paper on Sustainability and Renewable Consumption Obligation has been presented at forums of international repute. Additionally, he is also a member of the India-Indonesia CEOs Forum. Investing in an end-to-end logistics infrastructure. Essar Stanlow's top supplier is Refined Technologies with 17 shipments. Stanlow Terminals Limited Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4BD United Kingdom . 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. The experience in contract drilling prompted the Group to venture into the upstream in the Oil sectori.e. An oil giant has announced plans to invest 1.9bn in Stanlow oil refinery in Cheshire, including establishing a plant to supply industrial hydrogen. Sponge iron generation capacity was also increased to 5.5 MTPA. 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 would be responsible for advising and leading the company with regards all investments and opportunities in the metals & mining sector. Top-lines crashed, while interest rates were at their highest ever (Prime Lending Rates had touched 17 percent). 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. Essar is investing over 1 billion into a range of energy efficiency, fuel-switching, and carbon capture initiatives, designed to decarbonise its production processes significantly by 2030 and put Essar at the forefront of the UKs shift to low carbon energy. He has led natural resources sector businesses for major investment banks globally. 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. 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. Well do this through a combination of our unique geographical location, decades of experience and a passion for a greener, cleaner planet. Essar is investing to make our refinery at Stanlow, the UKs first low carbon refinery. He was chairman and chief executive of J&K Bank for five years. 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. Physical location: 777 Novus, Suite 310AA, Tempe, AZ 85287-4308 Building: Novus Tower, Tempe Campus Mailing address: P.O. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. India in those days had secondary steel makers who used imported scrap to produce steel. 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. Vertex's low carbon hydrogen production plant will be a core part of the HyNet low carbon cluster. Around the mid-1980s, the Government also opened up the contract drilling business to Indian private companies. Media contact. School of Social Transformation. Bespoke sustainable solutions to suit logistics and supply chain requirements. 925.730.0150. In 2006, Hutchison, too, decided to exit India. In early 2005, Essar restructured the balance sheet and work resumed with renewed vigor on completing the refinery project. Crude oil is supplied to the refinery via a 15 mile pipeline from the companys Tranmere facility further downstream in the Mersey Estuary. 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. Fulcrum is currently commissioning the world's first commercial waste-to-transportation fuels plant, located in the United States. There was an FCCB (Foreign Currency Convertible Bonds) component that needed to be raised abroad in the latter half of 1998. He is a part of the Management Committee of Essar Capital. Essar Global Fund invests, builds and nurtures a portfolio of world-class companies through Essar Capital, its investment manager. 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. Being one of the low-cost steel producers, Essar managed to make operating profits. . The site directly employs more than 900 people, with an additional 800 on-site contractors and a further 5,000 people working indirectly within the extended value chain, according to Essar Oil UK's website. It monitors and manages the entire portfolio of investments owned by EGFL. . Essar again grabbed the opportunity and went on to become Indias largest rig operator in the private sector. . This will produce (in its initial phases) 1GW of hydrogen (the equivalent energy use of a large UK city like Liverpool) and capture some 1.8 million tonnes of carbon per annum. Essar Capital is governed by its board of directors and its responsibilities as investment manager of EGFL include: Essar House, 11 KK Marg, Mahalaxmi, Mumbai 400 034, India. Retrieved 30 March 2012. The company received underwriting commitments from Chase and Lehman Brothers. Managing Director, Finance, Infra, Tech & Retail, at Essar Capital. Essar also entered the power and telecom sectors as and when they were opened up to private participation. 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. However, the recovery from the pandemic has been slower than predicted, the company said, adding that it hopes for a resolution soon. as panic buying hits forecourts across the country. Because of Essars experience in marine construction projects, the shipping business was a natural extension. 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. The construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. Essar began the process of refinancing one year in advance, in May 1998. Plant owner. The 1980s: Supporting Indias nascent exploration sector. In addition to outside contracts, it executed all of Essars internal projects. Essar is already making rapid progress against its broader decarbonisation targets. 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. 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 1999, the government announced a new telecom policy that was more conducive to growth. 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. Essars Indian lenders refused to bail the company out. 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. Since Essar did not have prior experience in this industry, it roped in Swiss PTT as a joint venture partner. 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 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. 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. EOUK had agreed to an accelerated schedule to make this payment. This will be the first Fulcrum plant outside the United States. 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 braced itself for the oncoming challenge. 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. Jatinder Mehra is the Vice Chairman & Operating Partner of Essar Capital. 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. She has earlier worked with Cipla as Head HR International Business, and has also volunteered with the Akanksha Foundation. Along with brother Ravi, Shashi Ruia laid the foundation of Essar and spearheaded its business strategy, diversification and growth. Subsequent to the HyGrade takeover, the pellet making capacity was enhanced to 8 MTPA. Suite 220 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 over 15 years of experience in diverse fields including media & publishing, corporate communications. 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. Essar then acquired licenses for Eastern UP, Rajasthan, Haryana and Punjab. Inside the Plant At a Glance. Firdose has extensive experience in emerging markets, having been involved in advising governments, parastatals and companies in Africa, India, Europe and the Middle East. In 2012, he was awarded an excellence award for his contribution to renewable energy and sustainability by the Energy and Environment Foundation. Mr Naushad Ansari is Managing Director, Business Development, at Essar Capital. He established PetroFina in India and was part of the team that launched Gulf Oil in India post opening up of the market. 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. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. Were primed to lead the national charge in the development of changing energy infrastructure and create the UKs first sustainable energy hub. All Rights Reserved. When commercial production began in 1996, this had fallen to USD 380 per tonne. 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 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. Prior to being the Managing Director at Essar Capital, Rakesh has been at leadership positions in Essar Ports. Essar wanted to buy out Hutchisons stake and tied up a line of credit of over USD 11 billion. 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 His experience spans several sectors including mining and natural resources, telecommunications, business process outsourcing, infrastructure, healthcare and manufacturing. Madhu Vuppuluri is the Operating Partner, Metals & Mining, Essar Capital. 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. Sale included 20 MTPA refinery, retail, port and related infrastructure. Scrap prices were volatile and had to be purchased with precious foreign exchange. M: +44 (0)7805 854 169 E: ian.cotton@essaroil.co.uk . Mumbai - 400034
The Late 1980s: Foray into core sector manufacturing. 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. Recently, he was also awarded Business Leader of the Year in the NBFC segment by ET Now. Essar Site. Dhanpat Nahata is the General Partner, Strategy and Risk, at Essar Capital. . NEW DELHI: The Essar group on Monday announced a USD 3.6 billion investment in low carbon energy transition projects in the UK and India including the production of green hydrogen and ammonia. 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. We unlock trapped value for energy partners feeling shackled by a lack of innovation and the status quo by maximising our flexible, end-to-end, safe and agile approach to logistics solutions management. He was the Chief Executive Officer and Board Member at Essar Oil UK Limited. 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. B.C. Tempe, AZ White Pages. According to Essar, the Fulcrum NorthPoint venture will complement Essar's wider plans to build a green energy industrial cluster at the Stanlow site, and will fully integrate Essar, Stanlow Terminals, and Fulcrum assets and technology. He has worked as an Economic Advisor, and the principal economic policy maker at the state level for seven years. Prior to joining Essar, he has worked with Caf Coffee Day and UB Spirits. Thangapandian Srinivasalu currently serves as the Advisor for investments in the Energy sector at Essar Capital. The energy industry is changing. He is a seasoned professional with over 27 years of experience, including 23 years in international investment banking & private equity. Essar Oil UK bought the Stanlow refinery at Ellesmere Port from Shell in 2011. Box 874308 Main phone: 480-965-7682 Fax: 480-965-9199 Undergraduate & Graduate Advising. Mumbai Essar Essar House 11, Keshavrao Khadye Marg Mahalaxmi Mumbai 400 034 Maharashtra, India Tel. Your price for Delivered in supplies will be subject to delivery costs. 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. Hutchison Essars subscriber base, too, has risen from 1,50,000 to 28 million. Viral has held key leadership positions at Vedanta Resources Plc, CIMB Securities/ Royal Bank of Scotland, Warburg Pincus, Citigroup, and Credit Suisse. 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. 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. 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. and more than 70 percent of its shipping revenues came from international operations. Later, it went on to buy a specialized pipe-laying barge to undertake this kind of activity.