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ian.cotton@essaroil.co.uk and 07805 854169, Jeff Ovens, Managing Director, UK & Europe, jovens@fulcrum-bioenergy.com and 07399 472 650. Mr Mehra is involved in various Essar initiatives in areas of Business Strategy, Investments, Corporate Governance, Risk Management and Sustainability. Essar Stanlow's top supplier is Refined Technologies with 17 shipments. It invested in relevant logistics assets. Essar Site. 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. The Stanlow refinery supplies about a sixth of the UKs road fuel. He joined Essar as CEO Retail in the year 2010. 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 2005, when the vessel rates peaked, Essar sold its five Suezmax tankers at the price at which they were bought in 1994. 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 companies and supermarkets, Manchester Airport, leading commercial airlines and the regions trains and buses. In the second quarter, a devastating cyclone hit the western coast of India damaging several structures in the refinery site. 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. Unite said it had informed the owner of the Ellesmere refinery, India's Essar Group, that its members . 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. Essar Constructions executed pipe laying contracts for all the major oil companies in India, and drinking water pipelines in Gujarat, Tamilnadu and Rajasthan. 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. 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 Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. 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. Essar merged these circles into Hutchison Essar to create a telecom major. He holds a BA (Hons) in Economics and a Masters in Investment and Finance. It monitors and manages the entire portfolio of investments owned by EGFL. Recently, he was also awarded Business Leader of the Year in the NBFC segment by ET Now. 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. Both these factors led to a stoppage of work at the refinery, The Mid-2000s: Resurrecting the Essar Oil Refinery. 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. 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. 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. He would be responsible for advising and leading the company with regards all investments and opportunities in the metals & mining sector. Vice Chairman & Operating Partner, Metals & Mining, Operating Parter, Infrastructure, MD & CEO, Essar Ports, Sr. Essar owned 33% stake in the consolidated entity. Kingsbury Diesel 121.92 ppl, PU10 114.84 ppl. This new development promises to lead the way to a cleaner and more sustainable future in the North West and change the way aviation fuel is made to help decarbonise the UK. Prashant holds key positions on several prestigious regulatory and professional boards. It also complements the announcement last month regarding a blue hydrogen development at Stanlow as part of the HyNet project. For cheapest and greenest transportation of your products, Beyond Storage Firdose has extensive experience in emerging markets, having been involved in advising governments, parastatals and companies in Africa, India, Europe and the Middle East. 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. He has held key leadership positions at Jindal Steel & Power Ltd, Jet Airways, Essar and Dell international. Together, these initiatives will help diversify the refinery in a greener direction, and help achieve the UK's decarbonisation goals. Earlier on he has worked with TCS in the beginning of his career. Having started his career with HPCL, he worked with National Oil Nigeria, Reliance Industries Ltd., TotalFinaELF and Gulf Oil India. Until then, only foreign construction companies would undertake a project of this magnitude and complexity. Similarly, Essar Bulk Terminal was set up to create bulk terminal facilities at Hazira and other ports. 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. Even during the downturn in the shipping industry, Essar Shipping registered profits. Plant owner Essar is also investing in a . 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. Stanlow, 15th February, 2021. In the early 1980s, when the government opened up the ownership and operation of Offshore Supply Vessels (OSV) to private Indian companies, Essar was one of the first to enter the fray. 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. 20 August 2011. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. 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 plays a key role in managing strategic functions of EGFL. 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. Plant owner. He was the Chief Executive Officer and Board Member at Essar Oil UK Limited. This innovative bio-refinery will convert several hundred thousand tonnes of pre-processed waste, which would have otherwise been destined for incineration or landfill, into approximately 100 million litres of low carbon SAF annually. Pleasanton, CA 94588. The commissioning was completed in October 1997. It will also utilise direct pipeline access to pump and transport the SAF to UK airports through the Manchester Jet Line and the UK Oil Pipeline network (UKOP). Mumbai - 400034 Prior to joining Essar, he was the CEO of Religare Finvest Limited (RFL) and the Managing Director of Religare Housing Development Finance Corporation (RHDCL). Mr Deepak Sogani joined ESSAR in August 2020 as Managing Director Finance, Essar Capital, the investment manager for Essar Global Fund Limited (EGFL). Inside the Plant At a Glance. A general view of Essar Oil UK's Stanlow oil refinery near Ellesmere Port, Britain, September 27, 2021. Ravi Ruia belongs to the generation of industrialists who have played a significant role in leading Indias industrial renaissance. Essar Constructions grew its activities considerably over the years. Stanlows reconfigured and optimised single train operation delivers significant upgrading capability and produces an above average proportion of middle distillates, principally diesel and jet fuel, helping to addressthe significant and growing deficit in the UK and Europe. Again, breaking the tradition of locating manufacturing facilities close to the mines, the Company chose to build the plant at Hazira, a port on the west coast of India. There was an FCCB (Foreign Currency Convertible Bonds) component that needed to be raised abroad in the latter half of 1998. Object reference not set to an instance of an object. 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. Steel: The uncertainties of a cyclical business. He has also advised boards and management on major transactions in 34 countries. Essar Oil UK (EOUK) used the governments pandemic VAT deferral scheme last year, which allowed businesses to delay tax repayments. Tempe, AZ White Pages. This is a massive undertaking, but it is a journey we are fully committed to. When Essar conceived the project, international steel prices were in the region of USD 450 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. This was not sufficient for the business to achieve and sustain long-term growth. Sunil Jain is the Operating Partner for Energy transitions. Essar Oil (UK) Limited 2021. Moreover, the quality of scrap was also not always up to the mark. Contact Us. India Salaya Vizag Stanlow. As a result, while most shipping companies in India were making losses in the 80s, Essar was reaping profits. Acting as director of several client companies, Rajiv is a Fellow member of the Mauritius Institute of Directors since 2012. Our ambition is to become a leading low carbon refinery. Managing Director, Finance, Metals & Mining. The sponge iron plant became a hugely successful venture. 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. 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. He has over 25 years of work experience in the field of M&A and Transactions. He joined Essar in early 2000 and has played a key role on strategic investments of Essar in core economy and infrastructure sectors. Most Recent Shipment: 04/07/2022 (Database Updated . Work on the refinery began in 1994, and by 1995, the necessary funding was in place. Not one to lag behind, Essar seized every opportunity that came its way. Northampton Diesel 121.98 ppl, PU10 114.89 ppl. Essar Capital Limited (Essar Capital) is the investment manager of Essar Global Fund Limited (EGFL). This prompted Essar to start manufacturing sponge iron. At Hazira, a deep draft berth and shipping channel was constructed to enhance the cargo handling capacity by bringing larger vessels alongside the berth. Michelle Lewis, Corporate Affairs Director, Essar: michelle.lewis@essaroil.co.uk / 07805 854169, Peter Ogden, Powerscourt: essar@powerscourt-group.com / 07793 858 211. The takeover of SCGL has enabled Essar to widen its product base and cater to a larger segment of industries. Investing in an end-to-end logistics infrastructure. Address. In 1999, the government announced a new telecom policy that was more conducive to growth. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. Our sights are firmly set on helping to drive the UK's decarbonisation strategy. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. Hutchison Essars subscriber base, too, has risen from 1,50,000 to 28 million. 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. He Joined Essar in 1997 as COO in Essar Telecom and was the Executive Director of Essar Shipping Limited from 1998-2002. Kailash Daultani currently serves as the Managing Director, Treasury and Finance, at Essar Capital. The project, which will see an investment of approximately 600m, will use Fulcrum's proven waste-to-fuel process, which is already being deployed at its pioneering facility outside of Reno, Nevada in the United States, where operations are due to begin later this year. Managing Director, Finance, Infra, Tech & Retail, at Essar Capital. He brings with him 39 years of experience, and has extensive experience in the renewable energy sector. He is an experienced professional and an industry veteran, with 33 years experience with Tata Steel and 11 years with Jindal Steel & Power. The only alternative to scrap was sponge iron, but there were no sponge iron manufacturers on the west coast of India despite a large number of users. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address . Scrap prices were volatile and had to be purchased with precious foreign exchange. Mr Sogani helps manage Essar Capital investments in the portfolio companies of metals & mining sector. Were primed to lead the national charge in the development of changing energy infrastructure and create the UKs first sustainable energy hub. Suite 220 In September, EOUK announced it had signed a Heads of Terms offtake agreement with Vertex, a joint venture with Progressive Energy, for the supply of 280MW+ of hydrogen. Mahalaxmi, Subsequent to the HyGrade takeover, the pellet making capacity was enhanced to 8 MTPA. He started his career with Escorts Limited where he worked and grew through various roles of operations and business development. Essars Indian lenders refused to bail the company out. Marg, 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. Essar wanted to buy out Hutchisons stake and tied up a line of credit of over USD 11 billion. Box 874308 Main phone: 480-965-7682 Fax: 480-965-9199 Undergraduate & Graduate Advising. Located near Ellesmere Port in north west England, the Stanlow refinery is the second largest in the UK. The joint venture company then went about consolidating operations and acquiring various telecom circles. In order to lend stability to the Group, Essar planned to enter manufacturing. 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. Top-lines crashed, while interest rates were at their highest ever (Prime Lending Rates had touched 17 percent). 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. Well do this through a combination of our unique geographical location, decades of experience and a passion for a greener, cleaner planet. Ellesmere Port, Cheshire, Hazira was also the land fall point for gas from the Bassein gas field in Bombay High. 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. Later, it went on to buy a specialized pipe-laying barge to undertake this kind of activity. With over 15 years of experience in diverse fields including media & publishing, corporate communications. Essar Ports Limited Essar House, 11, K.K. Registered office address The Administration Building 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB Company status Active Company type Private limited Company. . 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. Since Essar did not have prior experience in this industry, it roped in Swiss PTT as a joint venture partner. 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. 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. 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. . Contact ; Transforming Logistics; New Offerings; Ports & Terminals. Ian Cotton, Head of Communications and Community. 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. Bespoke sustainable solutions to suit logistics and supply chain requirements. Stanlow Terminals Limited Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4BD United Kingdom . 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. Around this time, Bombay High had just started producing oil, which needed to be transported onshore. Rahul Taneja is the Managing Director, Human Capital at Essar Capital. Jatinder Mehra is the Vice Chairman & Operating Partner of Essar Capital. Essar then acquired licenses for Eastern UP, Rajasthan, Haryana and Punjab. All its Suezmax tankers were approved by oil majors, an endorsement that fetches a premium in freight. Around the mid-1980s, the Government also opened up the contract drilling business to Indian private companies. It owned 11 land rigs, one offshore rig and a drill ship. Dhanpat Nahata is the General Partner, Strategy and Risk, at Essar Capital. 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. Essar became the first Indian company to operate in the waters of the Atlantic. It that happened, the refinery would be likely to be taken on by the official receiver, to keep the refinery running. 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. Email address: SSTAdvising@asu.edu / SSTGradAdvising@asu.edu Phone: 480-965-7682 Location: Advising offices are located in 777 Novus, Suite . All of its portfolio companies share the Funds ESG centric value system, reflecting the philosophy of placing people before profit. Prior to being the Managing Director at Essar Capital, Rakesh has been at leadership positions in Essar Ports. Currently, he heads the country operations of Afrocentric Group in Mauritius and is the Managing Director of Medscheme International. Your price for Delivered in supplies will be subject to delivery costs. Media contact. 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. 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. Stanlow Manufacturing Complex, Maharashtra, India, Copyright 2021 All rights reserved 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. EGFL has a globally benchmarked robust risk and regulatory framework. Independently, Essar had acquired licenses in seven circles where Hutchison Essar did not have operations, and in four circles of BPL. He has led natural resources sector businesses for major investment banks globally. For SBI, the proposal posed a real challenge since it involved a first-of-its-kind transaction for the bank as well! The construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. Essar Global Fund invests, builds and nurtures a portfolio of world-class companies through Essar Capital, its investment manager. 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. Prior to joining Essar, he was the Vice President and General Counsel at Hindustan Construction Company Ltd. An MBA from IIM Lucknow, Rakesh is a qualified Engineer from NIT, and brings with him 13 years of experience. This debt was refinanced later when the government set up the Power Finance Corporation. Now, Essar is all set to team up with the new JV partner Vodafone to take growth to the next level. 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. The green energy projects will include an investment of $1.2 billion in green ammonia manufacturing in India. Utilising the world class facilities available at Essar, including the impressive jet fuel storage facility at Stanlow Terminals Limited and direct pipeline to UK airports, Fulcrum, along with its current and future investors, will be able to build and operate its facility more efficiently and sets the 'gold standard' for SAF production by fully integrating its new, low carbon fuel technology directly within an existing refinery.Fulcrum's fuel will enable airlines to reduce their impact on the environment and help put the aviation industry on its path to a more sustainable long-term operation. 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. Vikash is also a member of the Management Committee of Essar Capital. Essar Oil UK, which operates Stanlow Refinery, and Fulcrum BioEnergy, based in California, US, have teamed up with Stanlow Terminals to develop the . 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. It still owes 223m, and was reportedly due to start repayments this week. This is equivalent to the domestic heating energy used by a major British city region, such as Liverpool. 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. Srinivasan Vaidyanathan is the Operating Partner, Technology & Retail, at Essar Capital. Essar Energy locked in negotiations with HMRC over VAT payment delayed because of pandemic. When commercial production began in 1996, this had fallen to USD 380 per tonne. 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.