Deepak Maheshwari, CEO of Essar Oil UK said: This new carbon capture plant is the single biggest initiative to decarbonise our processes and a core element to our hugely ambitious decarbonisation strategy. 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. He holds a BA (Hons) in Economics and a Masters in Investment and Finance. Mr Viral Gathani is the Managing Director, Finance, Energy, at Essar Capital. This is a massive undertaking, but it is a journey we are fully committed to. This is equivalent to the domestic heating energy used by a major British city region, such as Liverpool. Badrinath Durvasula joined Essar as the Managing Director, Legal, and oversees and advises the legal function for the Energy, Services & Technology sectors. 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. He has held key leadership positions at YES Bank Ltd. and ICICI Bank Ltd. 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 over 25 years of work experience in the field of M&A and Transactions. With more than 50 years of experience, he guides Essar through transformations, manages operating functions and leads complex projects. The project was funded by Indian financial institutions and the ECB. 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. : +91-22- 66601100 Fax: +91-22-66601809 Write to us : Mumbai Essar Equinox Business Park (Peninsula Techno Park), Off Bandra Kurla Complex, With over 32 years of work experience in the technological sector, Alok leads all new capital investment recommendations to the companys board. However, Swiss PTT wanted to shut shop as part of its strategy to exit all Asian operations. By this time, all of Essars businesses had grown significantly and the time had come for managing each business as an independent company. 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.. However, the recovery from the pandemic has been slower than predicted, the company said, adding that it hopes for a resolution soon. 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. 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. All of its portfolio companies share the Funds ESG centric value system, reflecting the philosophy of placing people before profit. Worse was to follow. His experience spans several sectors including mining and natural resources, telecommunications, business process outsourcing, infrastructure, healthcare and manufacturing. Choose Additional Cities in Arizona by Selecting the First Letter of the City. With over 15 years of experience in diverse fields including media & publishing, corporate communications. In 2006, Hutchison, too, decided to exit India. The ambitious plan sets firm foundations to accelerate the UK's path to net zero while transforming the economy, boosting employment and delivering growth. 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 . Just before the issue was launched, India tested the nuclear bomb at Pokhran. Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk, Original reporting and incisive analysis, direct from the Guardian every morning. 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. Correspondence address Essar Oil (uk) Limited, Lansdowne House - 2nd Floor East, Berkeley Square, London, England, W1J 6ER . and more than 70 percent of its shipping revenues came from international operations. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. Tempe, Arizona white page directory listings include full name, phone number and address. The Fulcrum venture will complement Essar's wider plans to build a green energy industrial cluster at the Stanlow site. He has led natural resources sector businesses for major investment banks globally. 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. He Joined Essar in 1997 as COO in Essar Telecom and was the Executive Director of Essar Shipping Limited from 1998-2002. In addition, SAF produced at the site offers a 90% reduction in particulates, which may benefit local air quality in and around airports. Essar Oil UK is committed to helping drive the UK's decarbonisation strategy. Hazira was also the land fall point for gas from the Bassein gas field in Bombay High. Locating this facility in the North West of England at a strategic location will create new, skilled jobs whilst simultaneously contributing to the UK's Net Zero 2050 objectives. Plant owner Essar is also investing in a . He has overseen Essars BPO and Power businesses, Smiti is a self-driven business leader and a true entrepreneur at heart. Similarly, Essar Bulk Terminal was set up to create bulk terminal facilities at Hazira and other ports. 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. At Hazira, a deep draft berth and shipping channel was constructed to enhance the cargo handling capacity by bringing larger vessels alongside the berth. Dockers at Stanlow refinery in Cheshire have refused to unload a shipment of Russian oil. Stanlow Manufacturing Complex, Essar Energy enters into agreement to buy Royal Dutch Shell's Stanlow refinery for US$350 million. It had a fleet of over 100 vehicles of varying capacities. 4900 Hopyard Road Jatinder Mehra is the Vice Chairman & Operating Partner of Essar Capital. Stanlow contributes an estimated 60 million each year to the local economy and will house the UK's first low carbon hydrogen facility. Northampton Diesel 121.98 ppl, PU10 114.89 ppl. When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. This was a time when the movement of petroleum products along the Indian coast was the monopoly of foreign-flag vessels, and no shipping companies in India would venture into this business as it was considered risky and involved the management of advanced technology. Sanjay Palve is the Sr. School of Social Transformation. At that price, steel plant operations were simply unsustainable. 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. 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. 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. 20 August 2011. 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. Essar Site. With 18 years of experience, he has also served as the Senior Vice President, International Projects and Corporate Finance, with Essar Services. Michelle Lewis, Corporate Affairs Director, Essar: michelle.lewis@essaroil.co.uk / 07805 854169, Peter Ogden, Powerscourt: essar@powerscourt-group.com / 07793 858 211. His entrepreneurial abilities have enabled the Essar Global portfolio of companies to become one of the leading names in global industry. As a core part of the HyNet cluster, Essar's Stanlow site already plays a prominent role in the UK's energy transition planning framework, following the selection of HyNet by the UK government in . The takeover of SCGL has enabled Essar to widen its product base and cater to a larger segment of industries. By offering efficient low carbon logistics solutions to develop third party business we support diversification of the traditional refinery business and become a fundamental part of the UK drive to become carbon neutral. Steel: The uncertainties of a cyclical business. Essar negotiated with the FRN holders for a one-time settlement and refinanced its entire rupee debt at a lower cost. 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. Sunil is also the President of Wind Independent Power Producers Association. Essar Global Fund invests, builds and nurtures a portfolio of world-class companies through Essar Capital, its investment manager. Stanlow has 800 employees, and is a key strategic national asset, annually producing over 16% of the UKs road transport fuels, while playing a key role in Britains broader petrochemical industry. Work on the refinery began in 1994, and by 1995, the necessary funding was in place. Today, the Hazira power plant has two power purchase agreementsone with the Gujarat State Electricity Board and the second with Essar Steel. He started his career with Escorts Limited where he worked and grew through various roles of operations and business development. 2023 PeopleConnect, Inc. d/b/a Addresses.com. The construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. Additionally, he has held leadership positions at IAA Healthcare, Metropolitan Insurance, CIM Global Business, CIM Asset Management, Ireland Blyth Limited and HSBC respectively. Stanlow, 15th February, 2021. Essar subsidiary Stanlow Terminals is to provide storage and logistics services for a new 600 million (687.8 million) sustainable aviation fuel (SAF) plant to be built near Ellesmere Port, UK. Mumbai - 400034 Sale to Brookfield Asset Management Company, 10 MTPA integrated steel manufacturing complex. Acting as director of several client companies, Rajiv is a Fellow member of the Mauritius Institute of Directors since 2012. Email. Since Essar did not have prior experience in this industry, it roped in Swiss PTT as a joint venture partner. 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. . Until the mid-1980s, Essar was focused on the service sectors of construction and shipping, which were prone to cyclical volatility. An MBA from IIM Lucknow, Rakesh is a qualified Engineer from NIT, and brings with him 13 years of experience. So Essar set up steel manufacturing facilities at Hazira with the objective of gaining value addition. This landmark development supports our long term sustainability ambition to deliver the energy solutions of the future and position Stanlow as the UK's leading sustainable aviation fuel hub. As Fulcrum's first facility in the United Kingdom, NorthPoint will be located at the Essar Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. Essar JV to build UK's largest hydrogen hub 2 min read . Not one to lag behind, Essar seized every opportunity that came its way. Essar Energy, which owns the Stanlow. Utilising our strong geographical position and experience in the energy sector, we are providing delivery solutions based on the ability to safely handle energy products to meet the needs of todays society and tomorrows society. Object reference not set to an instance of an object. Were primed to lead the national charge in the development of changing energy infrastructure and create the UKs first sustainable energy hub. Intelius does not provide consumer reports and is not a consumer reporting agency as defined by the FCRA. Essar also entered the power and telecom sectors as and when they were opened up to private participation. He joined Burmah Shell in 1957, also known as Bharat Petroleum Corporation Ltd after it was nationalised, and retired from it as director marketing. For cheapest and greenest transportation of your products, Beyond Storage It owned 11 land rigs, one offshore rig and a drill ship. Many steel companies at that time went down under. Raj Varma is an Advisor, at Essar Capital. 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. 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). CH65 4BD, United Kingdom, UKs Largest Vikash is also a member of the Management Committee of Essar Capital. 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. He is a seasoned professional with over 27 years of experience, including 23 years in international investment banking & private equity. . 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 Stanlow's top supplier is Refined Technologies with 17 shipments. He is a strong business development professional with a Mechanical Engineering Degree from Aligarh Muslim University. Prior to being the Managing Director at Essar Capital, Rakesh has been at leadership positions in Essar Ports. 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. The refinery plays a strategic role in the UK economy, supplying 16% of all road transport fuels. He was the Chief Executive Officer and Board Member at Essar Oil UK Limited. At Stanlow Terminals, we pride ourselves on being flexible to our customers needs, with a market leading storage offering. 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. 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. Having completed his law degree from the University of Leeds, United Kingdom, Andrew has over 25 years of rich experience. 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 info@fulcrum-bioenergy.com . Physical location: 777 Novus, Suite 310AA, Tempe, AZ 85287-4308 Building: Novus Tower, Tempe Campus Mailing address: P.O. An oil giant has announced plans to invest 1.9bn in Stanlow oil refinery in Cheshire, including establishing a plant to supply industrial hydrogen. exploration & productionand downstream, into refining. 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. A slew of projects in each of these businesses were initiated in the 1990s when the Indian economy was booming. Essar Ports Limited Priya Chakravarty is the Senior Director, HR, at Essar Capital. Thangapandian Srinivasalu currently serves as the Advisor for investments in the Energy sector at Essar Capital. Madhu Vuppuluri is the Operating Partner, Metals & Mining, Essar Capital. The plant has a high availability factor of 99 percent. He is a part of the Management Committee of Essar Capital. He has held key leadership positions at Jindal Steel & Power Ltd, Jet Airways, Essar and Dell international. Essar Logistics took care of the movement of cargo, generated by Essar Steel and Essar Oil, by road. In addition to OSVs, it bought Diving Support Vessels and Multi Support Vessels. Ian Cotton, Head of Communications and Community. This prompted Essar to start manufacturing sponge iron. Contact Us. He is responsible for investigation, analysis and assessment of risk, and accordingly design and implement strategies and processes which mitigate these threats. If approved, construction work is scheduled to begin on site by the end of 2022, with hydrogen production set to commence by the mid-2020s. Essar Oil UK (EOUK) used the governments pandemic VAT deferral scheme last year, which allowed businesses to delay tax repayments. By 2006, all the circles were under one umbrellaHutchison Essar Limited. The energy industry is changing. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. At the same time, the 8 MTPA iron ore beneficiation plant at Bailadila and the 267-km slurry pipeline were completed. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. 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. The joint venture company then went about consolidating operations and acquiring various telecom circles. 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 is on the Boards of World Steel Association, and the Metals & Mining and Energy industry Committee of the World Economic Forum. 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). 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. 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. The UK's second biggest oil refinery is locked in talks with tax officials over a deferred tax bill amid reports that it could be on the brink of collapse. India in those days had secondary steel makers who used imported scrap to produce steel. 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. Andrew Wright is the Managing Director, Legal, at Essar Capital.
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