Essar Energy locked in negotiations with HMRC over VAT payment delayed because of pandemic. The site was chosen due to its industrial nature, a skilled local workforce and existing refinery infrastructure, including a direct pipeline to Manchester Airport which can be used to transport the sustainable aviation fuel to aircraft. Essar Global Fund invests, builds and nurtures a portfolio of world-class companies through Essar Capital, its investment manager. 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. EGFL has a globally benchmarked robust risk and regulatory framework. However, Swiss PTT wanted to shut shop as part of its strategy to exit all Asian operations. Kingsbury Diesel 121.92 ppl, PU10 114.84 ppl. 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. 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. Correspondence address The Administration Building, 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB . Also, the financial sanctions imposed on India subsequent to the Pokhran nuclear test in May 1998 ensured that Essar was banned from raising FCCBs. In addition to OSVs, it bought Diving Support Vessels and Multi Support Vessels. Essar merged these circles into Hutchison Essar to create a telecom major. Being one of the low-cost steel producers, Essar managed to make operating profits. The experience in contract drilling prompted the Group to venture into the upstream in the Oil sectori.e. The Stanlow project, named Fulcrum NorthPoint, will create 800 direct and indirect jobs during the design, build and commissioning process and over 100 permanent jobs during its operation. 925.730.0150. 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. Mr Naushad Ansari is Managing Director, Business Development, at Essar Capital. Dockers at Stanlow refinery in Cheshire have refused to unload a shipment of Russian oil. Anshuman Ruia is known for his financial expertise and project execution skills. Jatinder Mehra is the Vice Chairman & Operating Partner of Essar Capital. He has held key leadership positions at Jindal Steel & Power Ltd, Jet Airways, Essar and Dell international. ian.cotton@essaroil.co.uk and 07805 854169, Jeff Ovens, Managing Director, UK & Europe, jovens@fulcrum-bioenergy.com and 07399 472 650. Plant owner. In those early days of the telecom boom in India, effective policies were lacking and private telecom businesses were faced with several problems. 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. An MBA from IIM Lucknow, Rakesh is a qualified Engineer from NIT, and brings with him 13 years of experience. . He is a strong business development professional with a Mechanical Engineering Degree from Aligarh Muslim University. 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. Fulcrum is currently commissioning the world's first commercial waste-to-transportation fuels plant, located in the United States. In 2006, Hutchison, too, decided to exit India. Essar Oil UK bought the Stanlow refinery at Ellesmere Port from Shell in 2011. 20 August 2011. 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. 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. Correspondence address Essar Oil (uk) Limited, Lansdowne House - 2nd Floor East, Berkeley Square, London, England, W1J 6ER . 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. 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. Essar Oil UK is committed to helping drive the UK's decarbonisation strategy. : +91-22- 66601100 Fax: +91-22-66601809 Write to us : Mumbai Essar Equinox Business Park (Peninsula Techno Park), Off Bandra Kurla Complex, Essar Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. Box 2260 Tempe, Arizona 85280-2260 To visit us on site: ASU Fulton Center 300 E. University Drive Tempe, AZ . Since early August, the company has increased its daily vehicle shifts from 52 to more than 70, and is aiming to increase deliveries to more than 80 by the end of October, it said. 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. 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. Tempe, Arizona white page directory listings include full name, phone number and address. Hazira was also the land fall point for gas from the Bassein gas field in Bombay High. 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. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. Managing Director, Finance, Infra, Tech & Retail, at Essar Capital. 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. He started his career with Escorts Limited where he worked and grew through various roles of operations and business development. Marg, Mahalaxmi, Mumbai - 400034 Maharashtra, India. 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. The steel generation capacity at the Hazira plant was raised from 2 MTPA to 2.4 MTPA through de-bottlenecking. When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. Along with brother Ravi, Shashi Ruia laid the foundation of Essar and spearheaded its business strategy, diversification and growth. This debt was refinanced later when the government set up the Power Finance Corporation. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. 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. Acting as director of several client companies, Rajiv is a Fellow member of the Mauritius Institute of Directors since 2012. After achieving success and recognition in India, the Company was now poised to venture overseas. Essar House, Recently, he was also awarded Business Leader of the Year in the NBFC segment by ET Now. 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.. Essar Energy, which owns the Stanlow. Choose Additional Cities in Arizona by Selecting the First Letter of the City. He is responsible to advise and represent the company for all the legal matters concerning the Energy sector investments and portfolio businesses. He joined Essar as CEO Retail in the year 2010. 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. Not one to lag behind, Essar seized every opportunity that came its way. as panic buying hits forecourts across the country. Regular ferry services connect Stanlow from Liverpool and Holyhead to Ireland, Isle of Man, Northern Ireland and northern Spain. Jeff Ovens, Managing Director, UK & Europe Fulcrum, added: We are excited to be announcing this project, located within one of the UK's most important energy producing assets, which will help reduce the burden on landfills and industry's reliance on fossil fuels. School of Social Transformation. Marg, Stanlow Diesel 121.87 ppl, PU10 114.81 ppl. Essar Energy, which owns the Stanlow oil refinery in Ellesmere Port, Cheshire, is negotiating with HM Revenue and Customs (HMRC) over a 223m VAT payment, delayed because of the pandemic. Managing Director, Finance, Metals & Mining. Sr. The project was funded by Indian financial institutions and the ECB. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. He also has rich experience in leading change management, cultural transformation, organisational redesign and restructuring. But this was not sufficient to meet its debt obligations. Essar wanted to buy out Hutchisons stake and tied up a line of credit of over USD 11 billion. . Now, Essar is all set to team up with the new JV partner Vodafone to take growth to the next level. He has over 25 years of work experience in the field of M&A and Transactions. 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 again grabbed the opportunity and went on to become Indias largest rig operator in the private sector. 4900 Hopyard Road Stanlow Terminals Limited Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4BD United Kingdom . In 2005, when the vessel rates peaked, Essar sold its five Suezmax tankers at the price at which they were bought in 1994. In addition, Fulcrum NorthPoint was awarded a grant by the UK Government Department for Transport. The FRNs were due for refinancing in 1999, the year that marked the end of the five-year term. In 2012, he was awarded an excellence award for his contribution to renewable energy and sustainability by the Energy and Environment Foundation. All these projects helped transform Essar Constructions into a leading EPC contractor. Essar also entered the power and telecom sectors as and when they were opened up to private participation. Around the mid-1980s, the Government also opened up the contract drilling business to Indian private companies. 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. With more than 50 years of experience, he guides Essar through transformations, manages operating functions and leads complex projects. 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. He has played an integral role in many landmark private equity transactions and has also managed many regional and global private equity funds. All companies under the TTP have been given until January 2022 to meet their commitments. 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. 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 negotiated with the FRN holders for a one-time settlement and refinanced its entire rupee debt at a lower cost. Low carbon hydrogen will be produced at the Stanlow Manufacturing Complex located in Ellesmere Port, Cheshire. The pipe laying division of the company was certified at ISO 9002. Essar Oil UK Contact us Contact us How can we help you? Priya Chakravarty is the Senior Director, HR, at Essar Capital. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking. 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. This prompted Essar to start manufacturing sponge iron. The company began its operations with the construction of an outer breakwater in Chennai port, an order worth Rs 2.5 crore. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. 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. Alok Gupta is the Operating Partner, Technology & Retail, at 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 has over 28 years of experience in investment banking, private equity, audit and investment in a variety of institutions including KPMG and UBS Warburg. 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. India in those days had secondary steel makers who used imported scrap to produce steel. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. She has more than 23 years of experience in Human Resources, having worked across industries like Manufacturing, Pharma, IT and Retail. Our latest List Price, effective from 2nd March, for Ex Rack sales is as follows. Vikash Saraf is the non-executive director of Essar Capital. 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 joint venture company then went about consolidating operations and acquiring various telecom circles. 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. However, Essars chosen policy was to get into areas of import substitution, high technology and national importance. 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. As a result of that work over the past few months, EOUK has $1.1bn [800m] in liquidity secured. At that price, steel plant operations were simply unsustainable. 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. Copyright 2023 Essar. In addition, Essar Oil UK operates an integrated terminal and marine facility at Stanlow and Tranmere on behalf Stanlow Terminals. It still owes 223m, and was reportedly due to start repayments this week. 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. 2023 PeopleConnect, Inc. d/b/a Addresses.com. Such emission reductions are approximately 70% and have the future potential to be fully carbon neutral. Address. He also worked at Essar Oil Limited, India, as CEO Marketing & IST, and was responsible for Retail Sales, Direct Sales, Retail Network Expansion, Sourcing Crude, Trading of Petroleum Products and Supply & Distribution in India and Kenya. 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. By 2006, all the circles were under one umbrellaHutchison Essar Limited. 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. 4900 Hopyard Road Suite 220 Pleasanton, CA 94588. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address the issue: Increase capacity, move to value-added segments and bring down finance costs. The takeover of SCGL has enabled Essar to widen its product base and cater to a larger segment of industries. Essars Indian lenders refused to bail the company out. An oil giant has announced plans to invest 1.9bn in Stanlow oil refinery in Cheshire, including establishing a plant to supply industrial hydrogen. Thangapandian Srinivasalu currently serves as the Advisor for investments in the Energy sector at Essar Capital. 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. Prior to Essar, he was the CEO & Executive Director of Hero Future Energies Pvt Ltd. 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. Essar Site. The company received underwriting commitments from Chase and Lehman Brothers. Crude oil is supplied to the refinery via a 15 mile pipeline from the companys Tranmere facility further downstream in the Mersey Estuary. 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. The refinery plays a strategic role in the UK economy, supplying 16% of all road transport fuels. Prior to being the Managing Director at Essar Capital, Rakesh has been at leadership positions in Essar Ports. 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. 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. Your price for Delivered in supplies will be subject to delivery costs. 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. Intelius does not provide consumer reports and is not a consumer reporting agency as defined by the FCRA. Essar Oil UK, which is being advised by EY, also insists it has made considerable progress to strengthen its financial position and agree new financing. REUTERS/Phil Noble LONDON, Nov 30 (Reuters) - Essar Oil UK said on Wednesday it planned. He plays a key role in managing strategic functions of EGFL. Shashi Ruia began his career in the family business in 1965 under the guidance of his father, the late Nand Kishore Ruia. 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. Essar is investing to make our refinery at Stanlow, the UK's first low carbon refinery. He has a strong professional record in streamlining litigation, M&A, turnkey contract management, IPR, project financing, international arbitration and compliance support. 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. Having started his career with HPCL, he worked with National Oil Nigeria, Reliance Industries Ltd., TotalFinaELF and Gulf Oil India. By this time, all of Essars businesses had grown significantly and the time had come for managing each business as an independent company. 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 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. It also complements the announcement last month regarding a blue hydrogen development at Stanlow as part of the HyNet project. Contact Us. Firdose Coovadia is an Advisor, Metals & Mining, at Essar Capital. 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. All Rights Reserved. He has also advised boards and management on major transactions in 34 countries. Copyright 2023 Essar. Patrick Walters, Chief Executive Officer, Stanlow Terminals Limited, said: This landmark announcement of our partnership with Fulcrum after our first year of operations is an excellent example of why Stanlow Terminals Limited was established. Stanlow. Essar followed up this success, by setting up a pellet plant in Visakhapatnam as part of its backward integration strategy. Ravi Ruia belongs to the generation of industrialists who have played a significant role in leading Indias industrial renaissance. The aim was to build a diverse fleet that could help hedge any downturns in the business. 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. epl.secretarial . Ellesmere Port, Cheshire, Essar G. Ltd is the primary contact at E-Telequest, Inc. E-Telequest, Inc generates approximately USD 13,100,000.00 in revenue annually, and employs around 300 people at this location. At Hazira, a deep draft berth and shipping channel was constructed to enhance the cargo handling capacity by bringing larger vessels alongside the berth. And in February, Essar announced it has joined forces with Fulcrum BioEnergy and Essar's subsidiary company Stanlow Terminals to create a new 600m facility which will convert non-recyclable. Top-lines crashed, while interest rates were at their highest ever (Prime Lending Rates had touched 17 percent). 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). 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. Contact information for Essar companies in India and worldwide . EOUK had agreed to an accelerated schedule to make this payment. Additionally, he is also a member of the India-Indonesia CEOs Forum. 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. He was appointed as MD & CEO of Essar Shipping, Ports & Logistics Limited in 2010. The promoters could foresee the demand, a vision that paid rich dividends. Essar braced itself for the oncoming challenge. India Salaya Vizag Stanlow. Today, the Hazira power plant has two power purchase agreementsone with the Gujarat State Electricity Board and the second with Essar Steel. 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. All these activities were consolidated under Essar Shipping and Logistics Limited. 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. 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 would be responsible for advising and leading the company with regards all investments and opportunities in the metals & mining sector. Steel: The uncertainties of a cyclical business. Prior to joining Essar, he was the Vice President and General Counsel at Hindustan Construction Company Ltd. Vice Chairman & Operating Partner, Metals & Mining, Operating Parter, Infrastructure, MD & CEO, Essar Ports, Sr. India Salaya Vizag Stanlow. 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. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address .