Being the largest independent means we can move quickly to meet your bulk liquid storage needs, Unique Refinery Access He is an experienced professional and an industry veteran, with 33 years experience with Tata Steel and 11 years with Jindal Steel & Power. Essar Oil UK to build $430 mln carbon capture facility at Stanlow 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. With 18 years of experience, he has also served as the Senior Vice President, International Projects and Corporate Finance, with Essar Services. Essar Constructions grew its activities considerably over the years. Additionally, he is also a member of the India-Indonesia CEOs Forum. Essar To Build UK'S First Refinery-based Hydrogen Furnace in 45 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. Essar launches EET to invest US$3.6 billion in energy transition in the Doaa AboulThomas AbbottSusan AdamsEmilio AbundioBorzu AfshariRay AdamsAnn Addington, Mesa, AZPhoenix, AZChandler, AZScottsdale, AZGilbert, AZ. 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. It owned 11 land rigs, one offshore rig and a drill ship. All its Suezmax tankers were approved by oil majors, an endorsement that fetches a premium in freight. It also enables the import of large parcels of diesel. The project has been selected by BEIS as a Phase-2 winner in the CCUS cluster sequencing process earlier this summer, and as such, is currently progressing through the due diligence stage. There was an FCCB (Foreign Currency Convertible Bonds) component that needed to be raised abroad in the latter half of 1998. Essar Oil UK bought the Stanlow refinery at Ellesmere Port from Shell in 2011. You may not use any information obtained from Intelius for any purpose covered by the FCRA. Fears for future of Stanlow oil refinery amid urgent financing talks All these activities were consolidated under Essar Shipping and Logistics Limited. He joined Essar as CEO Retail in the year 2010. info@fulcrum-bioenergy.com . In addition, Essar Oil UK operates an integrated terminal and marine facility at Stanlow and Tranmere on behalf Stanlow Terminals. 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. In her earlier stint with Essar, Priya has worked at Senior Management roles, initially with Essar Oil and then as Head International HR (Corporate HR). He has played an integral role in many landmark private equity transactions and has also managed many regional and global private equity funds. 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. He joined Burmah Shell in 1957, also known as Bharat Petroleum Corporation Ltd after it was nationalised, and retired from it as director marketing. Last month Essar Oil UK announced its participation in the production of blue hydrogen under the HyNet project. Until the mid-1980s, Essar was focused on the service sectors of construction and shipping, which were prone to cyclical volatility. Anshuman Ruia is known for his financial expertise and project execution skills. The ambitious plan sets firm foundations to accelerate the UK's path to net zero while transforming the economy, boosting employment and delivering growth. He is responsible to advise and represent the company for all the legal matters concerning the Energy sector investments and portfolio businesses. Similarly, Essar Bulk Terminal was set up to create bulk terminal facilities at Hazira and other ports. In this way, the share of value-added products increased from 35 percent to 70 percent of total production. Priya Chakravarty is the Senior Director, HR, at Essar Capital. With more than 50 years of experience, he guides Essar through transformations, manages operating functions and leads complex projects. It monitors and manages the entire portfolio of investments owned by EGFL. Correspondence address Essar Oil (uk) Limited, Lansdowne House - 2nd Floor East, Berkeley Square, London, England, W1J 6ER . The aim was to build a diverse fleet that could help hedge any downturns in the business. Essar Oil UK, which operates Stanlow Refinery, and Fulcrum BioEnergy, based in California, US, have teamed up with Stanlow Terminals to develop the . The Manchester Ship Canal that connects Liverpool to Manchester also provides further hinterland water connection to North West UK. Regular ferry services connect Stanlow from Liverpool and Holyhead to Ireland, Isle of Man, Northern Ireland and northern Spain. Correspondence address The Administration Building, 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB . 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 . Essar teamed up with Brown & Root of USA in laying an under-sea pipeline from the offshore Bassein gas field to Hazira. Gifts and Donations to: ASU Foundation Attn:Financial Services P.O. Essar bought Stanlow in 2011 An oil giant has announced plans to invest 1.9bn in Stanlow oil refinery in Cheshire, including establishing a plant to supply industrial hydrogen. Essar to Invest $1 Billion into Two Blue Hydrogen Plants in the U.K. Essar Ports Limited Essar House, 11, K.K. 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. His experience spans several sectors including mining and natural resources, telecommunications, business process outsourcing, infrastructure, healthcare and manufacturing. 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. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. Being one of the low-cost steel producers, Essar managed to make operating profits. Shashi Ruia began his career in the family business in 1965 under the guidance of his father, the late Nand Kishore Ruia. 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 chemicals manufacturing plants uses technologically-advanced process units to produce propylene and turn ethylene, benzene, hydrocarbons and other feedstocks into a wide range of polymer and other products. In 2005, when the vessel rates peaked, Essar sold its five Suezmax tankers at the price at which they were bought in 1994. Essar braced itself for the oncoming challenge. 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. 2023 PeopleConnect, Inc. d/b/a Addresses.com. Mr Naushad Ansari is Managing Director, Business Development, at Essar Capital. The company approached State Bank of India (SBI), a leading public sector bank in India, for a loan. He would be responsible for advising and leading the company with regards all investments and opportunities in the metals & mining sector. 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. Moreover, the quality of scrap was also not always up to the mark. The plant has a high availability factor of 99 percent. Contact Us | ASU Foundation At Stanlow Terminals, we pride ourselves on being flexible to our customers' needs, with a market leading storage offering. Together, these initiatives will help diversify the refinery in a greener direction, and help achieve the UK's decarbonisation goals. Were primed to lead the national charge in the development of changing energy infrastructure and create the UKs first sustainable energy hub. The steel generation capacity at the Hazira plant was raised from 2 MTPA to 2.4 MTPA through de-bottlenecking. Essar Oil (UK) Limited 2021. : +91-22- 66601100 Fax: +91-22-66601809 Write to us : Mumbai Essar Equinox Business Park (Peninsula Techno Park), Off Bandra Kurla Complex, 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. Role Active Director Date of birth July 1961 The company began its operations with the construction of an outer breakwater in Chennai port, an order worth Rs 2.5 crore. Ensuring your bulk liquid products reach their destinations with ease. Media contact. Essar says it is in positive discussions with HMRC for a short extension to its time-to-pay (TTP) arrangement agreed earlier this year, having repaid 547m of the 770m originally deferred. Essar Global Fund Limited (EGFL), set up in 2005, invests in building and nurturing assets, and creating value in the core sectors of Energy, Infrastructure & Logistics, Metals & Mining and Technology & Retail. Choose Additional Cities in Arizona by Selecting the First Letter of the City. Sale included 20 MTPA refinery, retail, port and related infrastructure. Dhanpat Nahata is the General Partner, Strategy and Risk, at Essar Capital. Work on the refinery began in 1994, and by 1995, the necessary funding was in place. Name Address Address(maps) LinkedIn Alibaba AliExpress Global Sources Want to send an RFI or RFQ to this supplier? In addition to outside contracts, it executed all of Essars internal projects. . In the early 1990s, the Indian economy was liberalised and many industries that were hitherto monopolised by public sector companies were opened up to the private sector. For cheapest and greenest transportation of your products, Beyond Storage Simultaneously, global steel prices started tumbling and reached a historic low of USD 180 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. 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. Jatinder Mehra is the Vice Chairman & Operating Partner of Essar Capital. Vikash is also a member of the Management Committee of Essar Capital. India in those days had secondary steel makers who used imported scrap to produce steel. . Currently, he heads the country operations of Afrocentric Group in Mauritius and is the Managing Director of Medscheme International. 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. With over 27 years of work experience in diverse industries ranging from Manufacturing (Metals, Mining & Power Generation) to Services sectors (Commercial Airline and Technology, inclusive of Business Process Outsourcing sectors), he provides strategic direction to the management of the Mesabi Portfolio. A general view of Essar Oil UK's Stanlow oil refinery near Ellesmere Port, Britain, September 27, 2021. Kailash Daultani currently serves as the Managing Director, Treasury and Finance, at Essar Capital. 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. 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. However, Essars chosen policy was to get into areas of import substitution, high technology and national importance. 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. All Rights Reserved. Ellesmere Port, Cheshire, 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. 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. He is responsible for investigation, analysis and assessment of risk, and accordingly design and implement strategies and processes which mitigate these threats. The gas will be permanently sequestered into depleted gas fields under the sea in Liverpool Bay, as part of the HyNet cluster infrastructure in the North West of England. Essar JV to build UK's largest hydrogen hub 2 min read . This brought down the capital cost per tonne of steel, which helped reduce overall cost of production. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. Intelius does not provide consumer reports and is not a consumer reporting agency as defined by the FCRA. However, the recovery from the pandemic has been slower than predicted, the company said, adding that it hopes for a resolution soon. With over 15 years of experience in diverse fields including media & publishing, corporate communications. 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. He holds a BA (Hons) in Economics and a Masters in Investment and Finance. He also ensures the successful delivery of the organisations corporate and business plans and desired outcomes. Bespoke sustainable solutions to suit logistics and supply chain requirements. School of Social Transformation. Around the mid-1980s, the Government also opened up the contract drilling business to Indian private companies. Essar Group bets $3.6 billion on decarbonisation in India and UK Northampton Diesel 121.98 ppl, PU10 114.89 ppl. 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. He established PetroFina in India and was part of the team that launched Gulf Oil in India post opening up of the market. At the same time, the 8 MTPA iron ore beneficiation plant at Bailadila and the 267-km slurry pipeline were completed. The project was funded by Indian financial institutions and the ECB. Located on the south side of the Mersey Estuary close to Liverpool and Manchester, STL is the newest and largest third party liquid storage business in the UK, controlling 3 million cubic metres of capacity. 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, 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. 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. 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 majority of the investment - across a range of hydrogen production technologies, decarbonisation, biofuels and infrastructure projects - will be at its Stanlow site ($2.4bn), with the balance in India. They primarily export from United States with 17 shipments . An oil giant has announced plans to invest 1.9bn in Stanlow oil refinery in Cheshire, including establishing a plant to supply industrial hydrogen. 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. 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. Essar wanted to buy out Hutchisons stake and tied up a line of credit of over USD 11 billion. He is responsible for all HR matters for the Metals & Mining and Services & Technology portfolios. 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. Top-lines crashed, while interest rates were at their highest ever (Prime Lending Rates had touched 17 percent). 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. EOUK had agreed to an accelerated schedule to make this payment. 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. Vikash Saraf is the non-executive director of Essar Capital. 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. as panic buying hits forecourts across the country. He is the former Chairman and Managing Director of state-run natural gas giant GAIL India Ltd and had started his career in Oil and Natural Gas Corporation. 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. Sanjay Palve is the Sr. 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. [1] www.essaroil.co.uk/news/uks-first-refinery-based-hydrogen-furnace-arrives-at-essar/. The Fulcrum venture will complement Essar's wider plans to build a green energy industrial cluster at the Stanlow site. Eventually, the loan was sanctioned, with a repayment structure that was unique for its time. 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. A slew of projects in each of these businesses were initiated in the 1990s when the Indian economy was booming. Badrinath Durvasula joined Essar as the Managing Director, Legal, and oversees and advises the legal function for the Energy, Services & Technology sectors. Around this time, Bombay High had just started producing oil, which needed to be transported onshore. In this business, too, Essar kept refinancing the debt to reduce finance costs. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. Essar Energy. Within 18 months after work resumed, Essar began commissioning the refinery in phases. He has led natural resources sector businesses for major investment banks globally. During the period of stoppage, Essar had wisely planned for technology upgrades. 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 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. 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. Independently, Essar had acquired licenses in seven circles where Hutchison Essar did not have operations, and in four circles of BPL. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. 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 She has more than 23 years of experience in Human Resources, having worked across industries like Manufacturing, Pharma, IT and Retail. Marg, The takeover of SCGL has enabled Essar to widen its product base and cater to a larger segment of industries. 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. 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. 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. Prashant is part of the second generation of the Ruia family that founded Essar. He brings with him 39 years of experience, and has extensive experience in the renewable energy sector. Purchasing and Supplier Management (PSM) enquiry, Essar Oil UK Ltd - Code Of Conduct.pdf document - PDF | 4.8MB, Essar Oil UK - Anti-Slavery and Human Trafficking Statement.pdf document - PDF | 85.6KB, Essar Gender Pay Gap 2021.pdf document - PDF | 1.2MB, Tax Strategy Policy.pdf document - PDF | 481.5KB. Mr Viral Gathani is the Managing Director, Finance, Energy, at Essar Capital. He plays a key role in managing strategic functions of EGFL. Mr Mehra is involved in various Essar initiatives in areas of Business Strategy, Investments, Corporate Governance, Risk Management and Sustainability. Rakesh Kankanala is the Managing Director, Managing Director, M&A, Infrastructure, of Essar Capital. epl.secretarial . Ian Cotton, Head of Communications and Community. Box 2260 Tempe, Arizona 85280-2260 For all other mailing needs: ASU Foundation P.O. It had a fleet of over 100 vehicles of varying capacities. 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. ESSAR OIL (UK) LIMITED - Find and update company information In order to improve the efficiency, Essar Steel bought Stemcors 51 percent stake in HyGrade Pellets Limited, the pellet making venture of Essar. Operating Parter, Infrastructure & MD & CEO, Essar Ports. B.C. Essar merged these circles into Hutchison Essar to create a telecom major. Left with no option, Essar was forced to default on the FRN loan, despite having made concrete plans for refinancing. 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. Stanlow Terminals Limited Fulcrum BioEnergy, Limited is a wholly owned subsidiary of Fulcrum BioEnergy, Inc., a pioneer in the development of projects to convert everyday household and commercial waste into low-carbon aviation fuels and other transportation fuels. Essar also entered the power and telecom sectors as and when they were opened up to private participation. 4900 Hopyard Road Essar will achieve its decarbonisations targets through a combination of incremental (energy efficiency and operating improvements) and transformational projects, including the 360 million carbon capture plant announced today, but also as a result of the significant investments Essar is making into hydrogen and biofuels. He is respected for his project execution skills, financial expertise and people management capabilities. Suite 220 Investing in an end-to-end logistics infrastructure. Located near Ellesmere Port in north west England, the Stanlow refinery is the second largest in the UK. Essar Ports | Stanlow Bulk Terminals Ltd The Essar Group was established by Mr. Shashi Ruia and Mr. Ravi Ruia in 1969, in South India. What started out with an initial investment of USD 800 million had reached a valuation of USD18.8 billion in just six years. Follow on capacity growth is planned to reach 80% of the UK Governments new target of 5GW of low carbon hydrogen for power, transport, industry and homes by 2030. 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. Having completed his law degree from the University of Leeds, United Kingdom, Andrew has over 25 years of rich experience.