Our sights are firmly set on helping to drive the UK's decarbonisation strategy. 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. Founded in 2007, Fulcrum BioEnergy, Inc. has developed a proprietary process, using commercially proven technology, to convert waste that would otherwise be landfilled or incinerated, into low-carbon, ultra clean burning liquid transportation fuels (Fulcrum FuelTM). These include the construction of two new low carbon hydrogen production units on site as part of HyNet, with a planned total investment of 1 billon. REUTERS/Phil Noble LONDON, Nov 30 (Reuters) - Essar Oil UK said on Wednesday it planned. Following this maiden contract, Essar bagged projects at every major port in the country, including Tuticorin, Mangalore, Goa, Kakinada and Nhava-Sheva in Mumbai. Until then, only foreign construction companies would undertake a project of this magnitude and complexity. Further, the company has now returned to Ebitda positive [earnings before interest, taxes, depreciation, and amortisation] and is therefore in a much stronger position to weather the continued challenge presented by the pandemic, it said. The company received underwriting commitments from Chase and Lehman Brothers. 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. He is an experienced professional and an industry veteran, with 33 years experience with Tata Steel and 11 years with Jindal Steel & Power. Well do this through a combination of our unique geographical location, decades of experience and a passion for a greener, cleaner planet. In this way, the share of value-added products increased from 35 percent to 70 percent of total production. 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. Essar JV to build UK's largest hydrogen hub 2 min read . Media contact. 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 steel generation capacity at the Hazira plant was raised from 2 MTPA to 2.4 MTPA through de-bottlenecking. Managing Director, Finance, Infrastructure, Technology & Retail, Managing Director, Business Development, Metals & Mining, Download Corporate Film(Extended Version). Suite 220 A slew of projects in each of these businesses were initiated in the 1990s when the Indian economy was booming. Jatinder Mehra is the Vice Chairman & Operating Partner of Essar Capital. 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. He joined Burmah Shell in 1957, also known as Bharat Petroleum Corporation Ltd after it was nationalised, and retired from it as director marketing. The company approached State Bank of India (SBI), a leading public sector bank in India, for a loan. Essar Oil UK (EOUK) used the governments pandemic VAT deferral scheme last year, which allowed businesses to delay tax repayments. When commercial production began in 1996, this had fallen to USD 380 per tonne. Mumbai Essar Essar House 11, Keshavrao Khadye Marg Mahalaxmi Mumbai 400 034 Maharashtra, India Tel. The Stanlow refinery supplies about a sixth of the UKs road fuel. 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. Kingsbury Diesel 121.92 ppl, PU10 114.84 ppl. Maharashtra, India, Copyright 2021 All rights reserved Rajiv was awarded the designation of Canadian Investment Manager by the Canadian Securities Institute in 2006. Independently, Essar had acquired licenses in seven circles where Hutchison Essar did not have operations, and in four circles of BPL. 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. With eight jetties offering import and export of bulk liquids, marine access to terminals at Tranmere and Stanlow, one of Europe's largest road terminals, excellent links to the UK's motorway network and direct connections into the UK's Oil and Fuel Pipelines, STL offers unrivalled connectivity. All its Suezmax tankers were approved by oil majors, an endorsement that fetches a premium in freight. Box 2260 Tempe, Arizona 85280-2260 To visit us on site: ASU Fulton Center 300 E. University Drive Tempe, AZ . 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. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. By continuing to use our website, you agree to our Privacy Policy Accept, Dedicated marine import capability to tankage. Essar replaced Swiss PTT with Hutchison as partner. Vessel handling, product discharge, processing, blending and more, Connectivity Solutions Madhu Vuppuluri is the Operating Partner, Metals & Mining, Essar Capital. Earlier this year, it announced its participation in production of blue hydrogen under the HyNet project. 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. At Stanlow Terminals, we pride ourselves on being flexible to our customers' needs, with a market leading storage offering. Six business areas in the core sectorConstruction, Shipping, Steel, Power, Oil & Gas, and Telecommunicationswere identified as growth drivers for the Group. Essar Ports Limited Essar House, 11, K.K. Subsequent to the HyGrade takeover, the pellet making capacity was enhanced to 8 MTPA. He has also led digitalisation initiative in GRC space and was instrumental in running technology-based solution around enterprise risk, compliance risk, license management and document repository systems. Essar Energy. Subsequently he took responsibility as President Global Markets & Strategy since 2012 where he was responsible for sales, pricing strategy, marketing, and product & category management for the Steel business. He joined Essar in early 2000 and has played a key role on strategic investments of Essar in core economy and infrastructure sectors. He was chairman and chief executive of J&K Bank for five years. It owned 11 land rigs, one offshore rig and a drill ship. So Essar set up steel manufacturing facilities at Hazira with the objective of gaining value addition. Ensuring your bulk liquid products reach their destinations with ease. The refinery plays a strategic role in the UK economy, supplying 16% of all road transport fuels. Our ambition is to become a leading low carbon refinery. He would be responsible for advising and leading the company with regards all investments and opportunities in the metals & mining sector. By 2006, all the circles were under one umbrellaHutchison Essar Limited. Michelle Lewis, Corporate Affairs Director, Essar: michelle.lewis@essaroil.co.uk / 07805 854169, Peter Ogden, Powerscourt: essar@powerscourt-group.com / 07793 858 211. Mr Sogani, who was the Group CFO of Jindal Steel & Power Limited, has over 25 years of experience specialising in areas of business and financial management with special focus on strategy, M&A, business/corporate development, business restructuring, corporate finance, capital markets, investor relationship, governance and operations. Essar Energy locked in negotiations with HMRC over VAT payment delayed because of pandemic. The company's spirited involvement in community service . However, the recovery from the pandemic has been slower than predicted, the company said, adding that it hopes for a resolution soon. Essars Indian lenders refused to bail the company out. Steel: The uncertainties of a cyclical business. ian.cotton@essaroil.co.uk and 07805 854169, Jeff Ovens, Managing Director, UK & Europe, jovens@fulcrum-bioenergy.com and 07399 472 650. 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. Vice Chairman & Operating Partner, Metals & Mining, Operating Parter, Infrastructure, MD & CEO, Essar Ports, Sr. The plant has a high availability factor of 99 percent. 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. Essar Group is to invest $3.6bn developing low-carbon energy in the UK and India under the newly formed Essar Energy Transition (EET). Anshuman Ruia is known for his financial expertise and project execution skills. The Manchester Ship Canal that connects Liverpool to Manchester also provides further hinterland water connection to North West UK. Alok Gupta is the Operating Partner, Technology & Retail, at Essar Capital. Essar Site. Essar is investing to make our refinery at Stanlow, the UK's first low carbon refinery. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. Viral has held key leadership positions at Vedanta Resources Plc, CIMB Securities/ Royal Bank of Scotland, Warburg Pincus, Citigroup, and Credit Suisse. 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. CH65 4BD, United Kingdom, UKs Largest Until the mid-1980s, Essar was focused on the service sectors of construction and shipping, which were prone to cyclical volatility. as panic buying hits forecourts across the country. Stanlow also plays an important part in Britains petrochemical industry, providing feedstocks such as toluene, propylene and ethylbenzene. 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. It still owes 223m, and was reportedly due to start repayments this week. 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. Aviation is one of the most hard to decarbonise transport sectors and sustainable aviation fuel is a key enabler for the reduction of carbon emissions. For SBI, the proposal posed a real challenge since it involved a first-of-its-kind transaction for the bank as well! 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. Simultaneously, global steel prices started tumbling and reached a historic low of USD 180 per tonne. 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. For cheapest and greenest transportation of your products, Beyond Storage Essar Oil (UK) Limited 2021. Stanlow Terminals Limited Inside the Plant At a Glance. Essar teamed up with Brown & Root of USA in laying an under-sea pipeline from the offshore Bassein gas field to Hazira. Contact information for Essar companies in India and worldwide . Mr Mehra is involved in various Essar initiatives in areas of Business Strategy, Investments, Corporate Governance, Risk Management and Sustainability. Prior to joining Essar, he was associated with EY as a Partner for 11 years. 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. He also ensures the successful delivery of the organisations corporate and business plans and desired outcomes. Pleasanton, CA 94588. At the same time, the 8 MTPA iron ore beneficiation plant at Bailadila and the 267-km slurry pipeline were completed. An MBA from IIM Lucknow, Rakesh is a qualified Engineer from NIT, and brings with him 13 years of experience. Essar negotiated with the FRN holders for a one-time settlement and refinanced its entire rupee debt at a lower cost. You may not use any information obtained from Intelius for any purpose covered by the FCRA. Mr Viral Gathani is the Managing Director, Finance, Energy, at Essar Capital. In 2005, when the government came out with the unified licensing scheme, the JV started merging all the telecom circles. 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. Essar Oil UK bought the Stanlow refinery at Ellesmere Port from Shell in 2011. 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. Bespoke sustainable solutions to suit logistics and supply chain requirements. Physical location: 777 Novus, Suite 310AA, Tempe, AZ 85287-4308 Building: Novus Tower, Tempe Campus Mailing address: P.O. 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. 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. Mr Naushad Ansari is Managing Director, Business Development, at Essar Capital. In order to lend stability to the Group, Essar planned to enter manufacturing. Prior to Essar, he was the CEO & Executive Director of Hero Future Energies Pvt Ltd. Object reference not set to an instance of an object. Phone. Northampton Diesel 121.98 ppl, PU10 114.89 ppl. M: +44 (0)7805 854 169 E: ian.cotton@essaroil.co.uk . It also complements the announcement last month regarding a blue hydrogen development at Stanlow as part of the HyNet project. 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. He joined Essar as CEO Retail in the year 2010. His experience spans several sectors including mining and natural resources, telecommunications, business process outsourcing, infrastructure, healthcare and manufacturing. Essar had contracts with Chevron, Exxon-Mobil, Stat Oil, Shell, etc. They primarily export from United States with 17 shipments . 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. Our latest List Price, effective from 2nd March, for Ex Rack sales is as follows. and more than 70 percent of its shipping revenues came from international operations. Box 2260 Tempe, Arizona 85280-2260 For all other mailing needs: ASU Foundation P.O. He was the Chief Executive Officer and Board Member at Essar Oil UK Limited. 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. 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. 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 commissioning was completed in October 1997. 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. Recently, he was also awarded Business Leader of the Year in the NBFC segment by ET Now. 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. Shashi Ruia began his career in the family business in 1965 under the guidance of his father, the late Nand Kishore Ruia. Priya Chakravarty is the Senior Director, HR, at Essar Capital. He brings with him 39 years of experience, and has extensive experience in the renewable energy sector. 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. Essar is investing to make our refinery at Stanlow, the UKs first low carbon refinery. 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. 20 August 2011. 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. At Hazira, a deep draft berth and shipping channel was constructed to enhance the cargo handling capacity by bringing larger vessels alongside the berth. Address. It monitors and manages the entire portfolio of investments owned by EGFL. Essar is already making rapid progress against its broader decarbonisation targets. In addition to OSVs, it bought Diving Support Vessels and Multi Support Vessels. 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.. 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. 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 . Located near Ellesmere Port in north west England, the Stanlow refinery is the second largest in the UK. 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 started his career with Escorts Limited where he worked and grew through various roles of operations and business development. As part of the backward integration, a 4 MTPA pellet plant was set up in Visakhapatnam; forward integration was achieved with a 2 MTPA steel plant. 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. Essar Constructions grew its activities considerably over the years. In addition to outside contracts, it executed all of Essars internal projects. 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. An oil giant has announced plans to invest 1.9bn in Stanlow oil refinery in Cheshire, including establishing a plant to supply industrial hydrogen. Essar also entered the power and telecom sectors as and when they were opened up to private participation. Email address: SSTAdvising@asu.edu / SSTGradAdvising@asu.edu Phone: 480-965-7682 Location: Advising offices are located in 777 Novus, Suite . He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking for Infrastructure. Sanjay Palve is the Sr. Rahul Taneja is the Managing Director, Human Capital at Essar Capital. Essar wanted to buy out Hutchisons stake and tied up a line of credit of over USD 11 billion. 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. 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. 4900 Hopyard Road Suite 220 Pleasanton, CA 94588. It that happened, the refinery would be likely to be taken on by the official receiver, to keep the refinery running. Stanlow Manufacturing Complex, Tempe, Arizona white page directory listings include full name, phone number and address. Around this time, Bombay High had just started producing oil, which needed to be transported onshore. Registered office address The Administration Building 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB Company status Active Company type Private limited Company. His entrepreneurial abilities have enabled the Essar Global portfolio of companies to become one of the leading names in global industry. Plant owner. 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. Ravi Ruia belongs to the generation of industrialists who have played a significant role in leading Indias industrial renaissance. 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. Prashant holds key positions on several prestigious regulatory and professional boards. 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. 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. This debt was refinanced later when the government set up the Power Finance Corporation. Marg, Mahalaxmi, Mumbai - 400034 Maharashtra, India. 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. 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. In her last assignment as Chief People Officer Hometown & Ezone, Priya was responsible for driving a transformational HR agenda that focused on organisational culture, building a talent pipeline, and initiating & aligning all people practices to business achievement. Essar was founded in 1969 by his father, Shashi Ruia and uncle Ravi Ruia. With 18 years of experience, he has also served as the Senior Vice President, International Projects and Corporate Finance, with Essar Services. Low carbon hydrogen will be produced at the Stanlow Manufacturing Complex located in Ellesmere Port, Cheshire. 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. Essar is building assets & creating value in new promising markets right from services to retail in India and internationally. Essar Oil UK is committed to helping drive the UK's decarbonisation strategy. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. He has led natural resources sector businesses for major investment banks globally. However, Essars chosen policy was to get into areas of import substitution, high technology and national importance. Scrap prices were volatile and had to be purchased with precious foreign exchange. Regular ferry services connect Stanlow from Liverpool and Holyhead to Ireland, Isle of Man, Northern Ireland and northern Spain.
