Thangapandian Srinivasalu currently serves as the Advisor for investments in the Energy sector at Essar Capital. Refinery workers refuse to deal with ship carrying Russian oil 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. Located near Ellesmere Port in north west England, the Stanlow refinery is the second largest in the UK. Fulcrum NorthPoint | Fulcrum BioEnergy He is responsible for investigation, analysis and assessment of risk, and accordingly design and implement strategies and processes which mitigate these threats. 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 also entered the power and telecom sectors as and when they were opened up to private participation. Scrap prices were volatile and had to be purchased with precious foreign exchange. 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. 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. 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. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. It monitors and manages the entire portfolio of investments owned by EGFL. It that happened, the refinery would be likely to be taken on by the official receiver, to keep the refinery running. Low carbon project at Stanlow secures Government backing - Essar Essar Oil (UK) Limited 2021. Essar continues to be the largest Indian exporter of flat steel. 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 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. They primarily export from United States with 17 shipments . Essar Capital Limited (Essar Capital) is the investment manager of Essar Global Fund Limited (EGFL). In addition, SAF produced at the site offers a 90% reduction in particulates, which may benefit local air quality in and around airports. Stanlow has a highly efficient distribution capability for refined end products: Essar Oil UK remains the lowest cost supplier into the North West and is highly competitive in supplying adjacent markets. 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. Stanlow also plays an important part in Britains petrochemical industry, providing feedstocks such as toluene, propylene and ethylbenzene. Sustainable aviation fuel plant set for take off at Stanlow - Essar The sponge iron plant became a hugely successful venture. Until then, only foreign construction companies would undertake a project of this magnitude and complexity. Stanlow, 15th February, 2021. Such emission reductions are approximately 70% and have the future potential to be fully carbon neutral. 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 Stanlow refinery supplies about a sixth of the UKs road fuel. Role Active Director Date of birth July 1961 Strategic investments in setting up world-class facilities in Steel, Power, Ports, Oil and Gas. Email address: SSTAdvising@asu.edu / SSTGradAdvising@asu.edu Phone: 480-965-7682 Location: Advising offices are located in 777 Novus, Suite . 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. The Tranmere Oil Terminal, with its two dedicated jetties, can handle Very Large Crude Carrier (VLCC) tankers loaded with up to 170,000 tonnes of crude. Essar 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. Stanlow: Energy giant Essar unveils 2bn plan for low-carbon plant Managing Director, Finance, Metals & Mining. Mr Viral Gathani is the Managing Director, Finance, Energy, at Essar Capital. Sale included 20 MTPA refinery, retail, port and related infrastructure. About Our Company - Essar 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. ian.cotton@essaroil.co.uk and 07805 854169, Jeff Ovens, Managing Director, UK & Europe, jovens@fulcrum-bioenergy.com and 07399 472 650. Ian Cotton, Head of Communications and Community. Acting as director of several client companies, Rajiv is a Fellow member of the Mauritius Institute of Directors since 2012. Essar had financed the project through a combination of rupee debt and Floating Rate Notes (FRN)both on a five-year tenure. Now, Essar is all set to team up with the new JV partner Vodafone to take growth to the next level. When commercial production began in 1996, this had fallen to USD 380 per tonne. He has overseen Essars BPO and Power businesses, Smiti is a self-driven business leader and a true entrepreneur at heart. In this business, too, Essar kept refinancing the debt to reduce finance costs. Dockers at Stanlow refinery in Cheshire have refused to unload a shipment of Russian oil. 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. This was not sufficient for the business to achieve and sustain long-term growth. Our latest List Price, effective from 2nd March, for Ex Rack sales is as follows. E-Telequest, Inc | Tempe, Arizona | Essar G. Ltd With has a nameplate capacity of 296,000 barrels of oil a day, it is responsible for about one sixth of the UK's petrol supply. Badrinath Durvasula joined Essar as the Managing Director, Legal, and oversees and advises the legal function for the Energy, Services & Technology sectors. 925.730.0150. Mr Rajiv Gujjalu serves as Director Essar Global Fund Limited (EGFL). 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. Contact us - Essar He joined Essar as CEO Retail in the year 2010. 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. The aim was to build a diverse fleet that could help hedge any downturns in the business. With over 15 years of experience in diverse fields including media & publishing, corporate communications. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking for Infrastructure. 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. In order to improve the efficiency, Essar Steel bought Stemcors 51 percent stake in HyGrade Pellets Limited, the pellet making venture of Essar. All these activities were consolidated under Essar Shipping and Logistics Limited. By 2030, Vertex expects to deliver nearly 4GW of low carbon hydrogen, equivalent to c.40% of the UK Governments national target. Essar is investing to make our refinery at Stanlow, the UK's first low carbon refinery. Just before the issue was launched, India tested the nuclear bomb at Pokhran. Essar Oil UK and Fulcrum BioEnergy reveal SAF plant plans Additionally, he is also a member of the India-Indonesia CEOs Forum. REUTERS/Phil Noble LONDON, Nov 30 (Reuters) - Essar Oil UK said on Wednesday it planned. He Joined Essar in 1997 as COO in Essar Telecom and was the Executive Director of Essar Shipping Limited from 1998-2002. Media contact. Recently, he was also awarded Business Leader of the Year in the NBFC segment by ET Now. He plays a key role in managing strategic functions of EGFL. Both these factors led to a stoppage of work at the refinery, The Mid-2000s: Resurrecting the Essar Oil Refinery. 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. Stanlow | Essar Oil Uk 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. Essar Oil (UK) Limited 2021. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. Essar Site Delivering cleaner/greener energy solutions, Localise the supply chains for the industry, Create logistics network, storage solutions and platforms by leveraging technology, To be the trusted go to technology solution integrator, https://www.essar.com/wp-content/uploads/2021/09/Essar_Corporate_Film.mp4, Provide new environmentally beneficial source of energy in India, Transform Essar Oil UK to become a global benchmark for green refineries, Build a hub for the UKs upcoming hydrogen transformation, Build an energy compliant state-of-the-art steel plant, Provide the lowest cost high grade green iron ore pellet in the United States and India, Enable trade and transport services across the industrial hubs in the west and east coasts of India, Create the largest independent hydrocarbon terminals business in North-West Europe, To architect, deploy, manage and secure the customers IT environment through customised solutions, To integrate intelligent digital networks and platforms, Implementing and managing investments and divestments, Preparing and delivering financial reports of EGFL, Implementing and overseeing appropriate policies and procedures, 1995 First Mover partnership with Hutchison Whampoa and then with Vodafone, Part Sale of Aegis USA Inc. to Teleperformance at $610 million, Sale of 98% stake in Essar Oil to Roseneft, and Trafigura-led consortium. Essar had contracts with Chevron, Exxon-Mobil, Stat Oil, Shell, etc. He started his career with Escorts Limited where he worked and grew through various roles of operations and business development. If you would like a quote for delivery . Doaa AboulThomas AbbottSusan AdamsEmilio AbundioBorzu AfshariRay AdamsAnn Addington, Mesa, AZPhoenix, AZChandler, AZScottsdale, AZGilbert, AZ. B.C. Essar Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. Essar Oil UK Contact us Contact us How can we help you? Crude oil is supplied to the refinery via a 15 mile pipeline from the companys Tranmere facility further downstream in the Mersey Estuary. 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. In addition to outside contracts, it executed all of Essars internal projects. A general view of Essar Oil UK's Stanlow oil refinery near Ellesmere Port, Britain, September 27, 2021. The company began its operations with the construction of an outer breakwater in Chennai port, an order worth Rs 2.5 crore. We are committed and primed to lead the national charge in the development of a more sustainable energy infrastructure by creating the UKs first eco-friendly energy hub. Low carbon hydrogen will be produced at the Stanlow Manufacturing Complex located in Ellesmere Port, Cheshire. 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. Essar Oil UK bought the Stanlow refinery at Ellesmere Port from Shell in 2011. The commissioning was completed in October 1997. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address . There was an FCCB (Foreign Currency Convertible Bonds) component that needed to be raised abroad in the latter half of 1998. Six business areas in the core sectorConstruction, Shipping, Steel, Power, Oil & Gas, and Telecommunicationswere identified as growth drivers for the Group. 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. Rajiv Agarwal is the Operating Partner, Infrastructure, at Essar Capital and Managing Director, Essar Ports.He has over 30 years of experience and has held leadership positions in sectors such as Ports, Shipping, Telecom, Retail and Business Processing Outsourcing. 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. Registered office address The Administration Building 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB Company status Active Company type Private limited Company. 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. Box 2260 Tempe, Arizona 85280-2260 To visit us on site: ASU Fulton Center 300 E. University Drive Tempe, AZ . 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. Essar teamed up with Brown & Root of USA in laying an under-sea pipeline from the offshore Bassein gas field to Hazira. Prior to Essar, he has worked with Archean Group as Group President, and with SIVA group as CEO for about 15 years. Marg, This included an oil terminal at Vadinar with a capacity to receive 32 MTPA of crude, 14 MTPA product dispatch facilities through sea, crude storage facilities, and product dispatch facilities by road and rail. Stanlow, 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. 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. Mr Sogani helps manage Essar Capital investments in the portfolio companies of metals & mining sector. 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. 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. 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. . Dhanpat Nahata is the General Partner, Strategy and Risk, at Essar Capital. In those early days of the telecom boom in India, effective policies were lacking and private telecom businesses were faced with several problems. As a result, while most shipping companies in India were making losses in the 80s, Essar was reaping profits. The Manchester Ship Canal that connects Liverpool to Manchester also provides further hinterland water connection to North West UK. Kingsbury Diesel 121.92 ppl, PU10 114.84 ppl. 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. Rajiv was awarded the designation of Canadian Investment Manager by the Canadian Securities Institute in 2006. But this was not sufficient to meet its debt obligations. Essar began the process of refinancing one year in advance, in May 1998. Similarly, Essar Bulk Terminal was set up to create bulk terminal facilities at Hazira and other ports. Essar is already making rapid progress against its broader decarbonisation targets. Left with no option, Essar was forced to default on the FRN loan, despite having made concrete plans for refinancing. He is an experienced professional and an industry veteran, with 33 years experience with Tata Steel and 11 years with Jindal Steel & Power. 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. Essar Stanlow - Standlow Manufacturing Complex Ellesmore Port The refinery plays a strategic role in the UK economy, supplying 16% of all road transport fuels. This will be the first Fulcrum plant outside the United States. An MBA from IIM Lucknow, Rakesh is a qualified Engineer from NIT, and brings with him 13 years of experience. Inside the Plant At a Glance. 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. 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. Eventually, the loan was sanctioned, with a repayment structure that was unique for its time. Operating Parter, Infrastructure & MD & CEO, Essar Ports. Over the last five years, EGFL has rebalanced its portfolio by strategically monetising some of the world class assets and businesses built by Essar, which has an entrepreneurial track record of 50 years. Around the mid-1980s, the Government also opened up the contract drilling business to Indian private companies. Hazira was also the land fall point for gas from the Bassein gas field in Bombay High. Address. Stanlow Terminals to provide storage for UK SAF plant Thus Essar was able to build one of the most valuable telecom companies in the world. 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. Ellesmere Port, Cheshire, Andrew Wright is the Managing Director, Legal, at Essar Capital. Managing Director, Finance, Infra, Tech & Retail. Fulcrum BioEnergy | Fulcrum and Essar Oil Announce Plans for Vice Chairman & Operating Partner, Metals & Mining, Operating Parter, Infrastructure, MD & CEO, Essar Ports, Sr. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. Legal Disclaimer and Terms and Conditions of Usage, This website uses cookies or similar technologies, to enhance your browsing experience and provide personalized recommendations. The takeover of SCGL has enabled Essar to widen its product base and cater to a larger segment of industries. 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. 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. Regular ferry services connect Stanlow from Liverpool and Holyhead to Ireland, Isle of Man, Northern Ireland and northern Spain. The plant has a high availability factor of 99 percent. Box 2260 Tempe, Arizona 85280-2260 For all other mailing needs: ASU Foundation P.O. The UKs 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. He was chairman and chief executive of J&K Bank for five years. 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. By continuing to use our website, you agree to our Privacy Policy Accept, Dedicated marine import capability to tankage. 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. His academic research paper on Sustainability and Renewable Consumption Obligation has been presented at forums of international repute. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. 11, K.K. The experience in contract drilling prompted the Group to venture into the upstream in the Oil sectori.e. 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. Essar merged these circles into Hutchison Essar to create a telecom major. Vertex Hydrogen - Building a low carbon future 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. Since Essar did not have prior experience in this industry, it roped in Swiss PTT as a joint venture partner. Steel: The uncertainties of a cyclical business. Having started his career with HPCL, he worked with National Oil Nigeria, Reliance Industries Ltd., TotalFinaELF and Gulf Oil India. 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. Moreover, the quality of scrap was also not always up to the mark. 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.. 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. ESSAR OIL (UK) LIMITED - Find and update company information Most Recent Shipment: 04/07/2022 (Database Updated . 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. 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. 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. Mr Deepak Sogani joined ESSAR in August 2020 as Managing Director Finance, Essar Capital, the investment manager for Essar Global Fund Limited (EGFL). 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. 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. With over 32 years of work experience in the technological sector, Alok leads all new capital investment recommendations to the companys board. 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. In 1999, the government announced a new telecom policy that was more conducive to growth. Sanjay is a seasoned professional with more than 22 years of stellar experience in building and leading large financial businesses across wholesale and retail segments. Hutchison Essars subscriber base, too, has risen from 1,50,000 to 28 million. . This prompted Essar to start manufacturing sponge iron. The promoters could foresee the demand, a vision that paid rich dividends. 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. Copyright 2023 Essar. He has led natural resources sector businesses for major investment banks globally. 20 August 2011. Prior to joining Essar, he has worked with Caf Coffee Day and UB Spirits. Mr Naushad Ansari is Managing Director, Business Development, at Essar Capital. Even during the downturn in the shipping industry, Essar Shipping registered profits. 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. Vikash Saraf is the non-executive director of Essar Capital. Madhus expertise lies in the area of mergers & acquisition, fund raising, investor relations, and operations management, and leads future capital investment recommendations to Essar Capitals Board of Directors. Essar Ports Limited Essar House, 11, K.K. and more than 70 percent of its shipping revenues came from international operations. A fleet of 13 onshore rigs and a semi-submersible rig were deployed with clients in India and abroad. 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. Sale to Brookfield Asset Management Company, 10 MTPA integrated steel manufacturing complex. Essar Logistics took care of the movement of cargo, generated by Essar Steel and Essar Oil, by road. 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. 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. 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. Srinivasan Vaidyanathan is the Operating Partner, Technology & Retail, at Essar Capital. Northampton Diesel 121.98 ppl, PU10 114.89 ppl. It had a fleet of over 100 vehicles of varying capacities.