Essar also reentered the contract drilling services business after a hiatus of three years. CH65 4BD, United Kingdom, UKs Largest Having completed his law degree from the University of Leeds, United Kingdom, Andrew has over 25 years of rich experience. 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. A slew of projects in each of these businesses were initiated in the 1990s when the Indian economy was booming. Mr Naushad Ansari is Managing Director, Business Development, at Essar Capital. In the second quarter, a devastating cyclone hit the western coast of India damaging several structures in the refinery site. He has a strong professional record in streamlining litigation, M&A, turnkey contract management, IPR, project financing, international arbitration and compliance support. In those early days of the telecom boom in India, effective policies were lacking and private telecom businesses were faced with several problems. Essar Capital Limited (Essar Capital) is the investment manager of Essar Global Fund Limited (EGFL). Essar Site. Essar Oil UK bought the Stanlow refinery at Ellesmere Port from Shell in 2011. In 1995, a few months after mobile telephony was opened up to private participation, Essar became the first company to start GSM operations in Delhi under the brand name, Essar Cellphones. 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. The commissioning was completed in October 1997. 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. The company approached State Bank of India (SBI), a leading public sector bank in India, for a loan. Marg, For SBI, the proposal posed a real challenge since it involved a first-of-its-kind transaction for the bank as well! 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. Essar Stanlow's top supplier is Refined Technologies with 17 shipments. As a result of that work over the past few months, EOUK has $1.1bn [800m] in liquidity secured. 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. Role Active Director Date of birth July 1961 Prior to joining Essar, he was the CEO of Religare Finvest Limited (RFL) and the Managing Director of Religare Housing Development Finance Corporation (RHDCL). E-Telequest, Inc | Tempe, Arizona | Essar G. Ltd Having started his career with HPCL, he worked with National Oil Nigeria, Reliance Industries Ltd., TotalFinaELF and Gulf Oil India. 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 . Marg, Mahalaxmi, Mumbai - 400034 Maharashtra, 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. Ian Cotton, Head of Communications and Community. Stanlow Manufacturing Complex, Both these factors led to a stoppage of work at the refinery, The Mid-2000s: Resurrecting the Essar Oil Refinery. Essar replaced Swiss PTT with Hutchison as partner. Contact Us | School of Social Transformation - Arizona State University 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. Essar did not succumb to the pressure. All companies under the TTP have been given until January 2022 to meet their commitments. Fulcrum BioEnergy | Fulcrum and Essar Oil Announce Plans for However, the recovery from the pandemic has been slower than predicted, the company said, adding that it hopes for a resolution soon. Essar Oil UK is committed to helping drive the UK's decarbonisation strategy. This led to financial sanctions being imposed on India and Indian companies no longer had access to foreign funds. So Essar set up steel manufacturing facilities at Hazira with the objective of gaining value addition. He has also led digitalisation initiative in GRC space and was instrumental in running technology-based solution around enterprise risk, compliance risk, license management and document repository systems. Being one of the low-cost steel producers, Essar managed to make operating profits. He Joined Essar in 1997 as COO in Essar Telecom and was the Executive Director of Essar Shipping Limited from 1998-2002. Vertex Hydrogen - Building a low carbon future Box 2260 Tempe, Arizona 85280-2260 For all other mailing needs: ASU Foundation P.O. Essar owned 33% stake in the consolidated entity. 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. At Stanlow Terminals, we pride ourselves on being flexible to our customers needs, with a market leading storage offering. 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. He was appointed as MD & CEO of Essar Shipping, Ports & Logistics Limited in 2010. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. 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 Oil UK (EOUK) used the governments pandemic VAT deferral scheme last year, which allowed businesses to delay tax repayments. He is a strong business development professional with a Mechanical Engineering Degree from Aligarh Muslim University. Essar again grabbed the opportunity and went on to become Indias largest rig operator in the private sector. The construction of two blue hydrogen production hubs at Stanlow will attract 750 million pounds ($1 Billion) in total investment and support a hydrogen economy across North West England and North East Wales. Left with no option, Essar was forced to default on the FRN loan, despite having made concrete plans for refinancing. For cheapest and greenest transportation of your products, Beyond Storage The construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. EGFL has a globally benchmarked robust risk and regulatory framework. Essar also entered the power and telecom sectors as and when they were opened up to private participation. 4900 Hopyard Road Suite 220 Pleasanton, CA 94588. Email address: SSTAdvising@asu.edu / SSTGradAdvising@asu.edu Phone: 480-965-7682 Location: Advising offices are located in 777 Novus, Suite . As a result, while most shipping companies in India were making losses in the 80s, Essar was reaping profits. School of Social Transformation. Badrinath Durvasula joined Essar as the Managing Director, Legal, and oversees and advises the legal function for the Energy, Services & Technology sectors. By this time, all of Essars businesses had grown significantly and the time had come for managing each business as an independent company. If you would like a quote for delivery . Founded in 2007, Fulcrum BioEnergy, Inc. has developed a proprietary process, using commercially proven technology, to convert waste that would otherwise be landfilled or incinerated, into low-carbon, ultra clean burning liquid transportation fuels (Fulcrum FuelTM). Essar Oil (UK) Limited 2021. Even during the downturn in the shipping industry, Essar Shipping registered profits. 4900 Hopyard Road Such emission reductions are approximately 70% and have the future potential to be fully carbon neutral. Regular ferry services connect Stanlow from Liverpool and Holyhead to Ireland, Isle of Man, Northern Ireland and northern Spain. 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. In this business, too, Essar kept refinancing the debt to reduce finance costs. An offering that prides itself in the highest levels of safety to protect our people, your people and the communities we operate in. Madhu Vuppuluri is the Operating Partner, Metals & Mining, Essar Capital. Essar Ports | Stanlow Bulk Terminals Ltd Tempe, Arizona white page directory listings include full name, phone number and address. 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. Essar Oil UK and Fulcrum BioEnergy reveal SAF plant plans 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 Late 1980s: Foray into core sector manufacturing. 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. 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. ian.cotton@essaroil.co.uk and 07805 854169, Jeff Ovens, Managing Director, UK & Europe, jovens@fulcrum-bioenergy.com and 07399 472 650. Essar Shipping diversified and modernised its fleet in the early 1990s. . Essar Ports . Kent plc has been awarded a pre-FEED engineering contract to develop the facility that will take the CO2 emitted from one of Europes largest full-Residue Fluidised Catalytic Cracking units, located at the Stanlow refinery. All Rights Reserved. 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. 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. 20 August 2011. 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. 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. By 2030, Vertex expects to deliver nearly 4GW of low carbon hydrogen, equivalent to c.40% of the UK Governments national target. 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. 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. 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. Scrap prices were volatile and had to be purchased with precious foreign exchange. 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. Plans for Fulcrum NorthPoint are expected to be complete at the end of this year and subject to planning consent, will be operational in late 2025. Hazira was also the land fall point for gas from the Bassein gas field in Bombay High. It owned 11 land rigs, one offshore rig and a drill ship. 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. Essar Site Essar sponsors Indias largest annual junior soccer hunt challenger, Essar pledges to make substantial investment in the state of Odisha, www.essaroil.co.uk/news/uks-first-refinery-based-hydrogen-furnace-arrives-at-essar/, Essars ambition is to be a leading low carbon refinery, with a long-term transformation into a low carbon energy provider, Major driver of carbon reduction will be the construction of a 360 million CO2 Capture Plant, set to start in Q1 2025, with completion in 2027. The plant has a high availability factor of 99 percent. This will be the first Fulcrum plant outside the United States. Around this time, Bombay High had just started producing oil, which needed to be transported onshore. Managing Director, Finance, Infra, Tech & Retail, at Essar Capital. info@fulcrum-bioenergy.com . Since Essar did not have prior experience in this industry, it roped in Swiss PTT as a joint venture partner. 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. Prior to joining Essar, he has worked with Caf Coffee Day and UB Spirits. Northampton Diesel 121.98 ppl, PU10 114.89 ppl. 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. Andrew Wright is the Managing Director, Legal, at Essar Capital. . Around the mid-1980s, the Government also opened up the contract drilling business to Indian private companies. 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. It monitors and manages the entire portfolio of investments owned by EGFL. He has held key leadership positions at YES Bank Ltd. and ICICI Bank Ltd. 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. EGFL is now poised to transition its existing assets towards a greener economy and invest in businesses which will transform sector landscapes from carbon to a clean energy ecosystem. 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. Tempe, Arizona white page directory listings include full name, phone number and address. Intelius reports cannot be used for background checks related to consumer credit, insurance, employment, housing or any other purpose prohibited under the FCRA. Jatinder Mehra is the Vice Chairman & Operating Partner of Essar Capital. He joined Essar as CEO Retail in the year 2010. 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. 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. The sponge iron plant became a hugely successful venture. Stanlow. Our latest List Price, effective from 2nd March, for Ex Rack sales is as follows. 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. A new value-centric growth strategy based on Entrepreneurship, Expertise and Experience along with a robust governance system and structure will deliver superior returns, sustainably. Media contact. Vikash is also a member of the Management Committee of Essar Capital. But this was not sufficient to meet its debt obligations. 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. When commercial production began in 1996, this had fallen to USD 380 per tonne. 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. Recently, he was also awarded Business Leader of the Year in the NBFC segment by ET Now. Bespoke sustainable solutions to suit logistics and supply chain requirements. 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. It involved buying an asset against the securitisation of receivables. ESSAR OIL (UK) LIMITED - Find and update company information Stanlow Terminals to provide storage for UK SAF plant 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. Essar was founded in 1969 by his father, Shashi Ruia and uncle Ravi Ruia. Mr Deepak Sogani joined ESSAR in August 2020 as Managing Director Finance, Essar Capital, the investment manager for Essar Global Fund Limited (EGFL). 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. 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 has invested in a portfolio of world-class companies across sectors and geographies. Until then, only foreign construction companies would undertake a project of this magnitude and complexity. Acting as director of several client companies, Rajiv is a Fellow member of the Mauritius Institute of Directors since 2012. 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. 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. Simultaneously, global steel prices started tumbling and reached a historic low of USD 180 per tonne. 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. Firdose has extensive experience in emerging markets, having been involved in advising governments, parastatals and companies in Africa, India, Europe and the Middle East. 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 . Fears for future of Stanlow oil refinery amid urgent financing talks
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