The Late 1980s: Foray into core sector manufacturing. epl.secretarial . Viral has held key leadership positions at Vedanta Resources Plc, CIMB Securities/ Royal Bank of Scotland, Warburg Pincus, Citigroup, and Credit Suisse. Srinivasan Vaidyanathan is the Operating Partner, Technology & Retail, at Essar Capital. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking for Infrastructure. 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 plays a key role in managing strategic functions of EGFL. Vertex Hydrogen - Building a low carbon future Box 2260 Tempe, Arizona 85280-2260 For all other mailing needs: ASU Foundation P.O. Essar merged these circles into Hutchison Essar to create a telecom major. Having started his career with HPCL, he worked with National Oil Nigeria, Reliance Industries Ltd., TotalFinaELF and Gulf Oil India. His entrepreneurial abilities have enabled the Essar Global portfolio of companies to become one of the leading names in global industry. 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. Acting as director of several client companies, Rajiv is a Fellow member of the Mauritius Institute of Directors since 2012. With more than 50 years of experience, he guides Essar through transformations, manages operating functions and leads complex projects. The funds from the sale of the tankers were used to buy two very large crude carriers (VLCC) of modern vintage and three Cape-size vessels. Worse was to follow. All Rights Reserved. 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. Having completed his law degree from the University of Leeds, United Kingdom, Andrew has over 25 years of rich experience. Now, Essar is all set to team up with the new JV partner Vodafone to take growth to the next level. They primarily export from United States with 17 shipments . 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. Contact information for Essar companies in India and worldwide . Registered office address The Administration Building 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB Company status Active Company type Private limited Company. Sunil is also the President of Wind Independent Power Producers Association. The experience in contract drilling prompted the Group to venture into the upstream in the Oil sectori.e. He is responsible for all HR matters for the Metals & Mining and Services & Technology portfolios. Apollo in talks with Stanlow refinery owner amid dash for cash He has held key leadership positions at Jindal Steel & Power Ltd, Jet Airways, Essar and Dell international. Address. 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. Prior to joining Essar, he was the Vice President and General Counsel at Hindustan Construction Company Ltd. 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. info@fulcrum-bioenergy.com . He was chairman and chief executive of J&K Bank for five years. 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. As Fulcrum's first facility in the United Kingdom, NorthPoint will be located at the Essar Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. 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. Essar Constructions grew its activities considerably over the years. He is an experienced professional and an industry veteran, with 33 years experience with Tata Steel and 11 years with Jindal Steel & Power. Firdose has extensive experience in emerging markets, having been involved in advising governments, parastatals and companies in Africa, India, Europe and the Middle East. Work also started on expanding capacity from 2.4 MTPA to 4.6 MTPA through brownfield expansion, which requires far less capital than similar greenfield projects The cost of this project was USD 2.64 billion. ESSAR OIL (UK) LIMITED - Find and update company information : +91-22- 66601100 Fax: +91-22-66601809 Write to us : Mumbai Essar Equinox Business Park (Peninsula Techno Park), Off Bandra Kurla Complex, Mr Viral Gathani is the Managing Director, Finance, Energy, at Essar Capital. Currently, he heads the country operations of Afrocentric Group in Mauritius and is the Managing Director of Medscheme International. He has held several leadership positions at Adani Group, Larson & Toubro Ltd, Binani Industries Ltd. amongst others. Essar Energy. Essar Ports Prashant holds key positions on several prestigious regulatory and professional boards. 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. His academic research paper on Sustainability and Renewable Consumption Obligation has been presented at forums of international repute. 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. Box 2260 Tempe, Arizona 85280-2260 To visit us on site: ASU Fulton Center 300 E. University Drive Tempe, AZ . 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. Correspondence address Essar Oil (uk) Limited, Lansdowne House - 2nd Floor East, Berkeley Square, London, England, W1J 6ER . REUTERS/Phil Noble LONDON, Nov 30 (Reuters) - Essar Oil UK said on Wednesday it planned. Dockers at Stanlow refinery in Cheshire have refused to unload a shipment of Russian oil. 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 . 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. Essar Ports Limited Essar House, 11, K.K. Essar Oil UK is committed to helping drive the UK's decarbonisation strategy. Essar Capital Limited (Essar Capital) is the investment manager of Essar Global Fund Limited (EGFL). Rajiv was awarded the designation of Canadian Investment Manager by the Canadian Securities Institute in 2006. This is a massive undertaking, but it is a journey we are fully committed to. Just before the issue was launched, India tested the nuclear bomb at Pokhran. 4900 Hopyard Road Suite 220 Pleasanton, CA 94588. He holds a BA (Hons) in Economics and a Masters in Investment and Finance. Suite 220 Anshuman Ruia is known for his financial expertise and project execution skills. 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. What started out with an initial investment of USD 800 million had reached a valuation of USD18.8 billion in just six years. Marg, Essar Group to invest $3.6bn in low carbon energy in UK and India About Our Company - Essar 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. Investing in an end-to-end logistics infrastructure. The sponge iron plant became a hugely successful venture. Essar Energy locked in negotiations with HMRC over VAT payment delayed because of pandemic. 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. Essar Oil (UK) Ltd is committed to playing a key role in the decarbonisation of the UK economy, with ambitious plans to build an energy transition cluster at Stanlow. Hazira was also the land fall point for gas from the Bassein gas field in Bombay High. All Rights Reserved. Essar Oil UK to build $430 mln carbon capture facility at Stanlow Well do this through a combination of our unique geographical location, decades of experience and a passion for a greener, cleaner planet. Rakesh Kankanala is the Managing Director, Managing Director, M&A, Infrastructure, of Essar Capital. The Essar Group was established by Mr. Shashi Ruia and Mr. Ravi Ruia in 1969, in South India. EOUK had agreed to an accelerated schedule to make this payment. However, Swiss PTT wanted to shut shop as part of its strategy to exit all Asian operations. This is equivalent to the domestic heating energy used by a major British city region, such as Liverpool. Stanlow: Energy giant Essar unveils 2bn plan for low-carbon plant As part of the backward integration, a 4 MTPA pellet plant was set up in Visakhapatnam; forward integration was achieved with a 2 MTPA steel plant. Essar is building assets & creating value in new promising markets right from services to retail in India and internationally. 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. He joined Essar as CEO Retail in the year 2010. 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. Box 874308 Main phone: 480-965-7682 Fax: 480-965-9199 Undergraduate & Graduate Advising. This has improved the quality of the ore and reduced the transportation cost. Located on the south side of the Mersey Estuary close to Liverpool and Manchester, STL is the newest and largest third party liquid storage business in the UK, controlling 3 million cubic metres of capacity. Essar to make 1.98bn energy transition investment | Zenoot The plant has a high availability factor of 99 percent. According to Essar, the Fulcrum NorthPoint venture will complement Essar's wider plans to build a green energy industrial cluster at the Stanlow site, and will fully integrate Essar, Stanlow Terminals, and Fulcrum assets and technology. Media contact. When commercial production began in 1996, this had fallen to USD 380 per tonne. Were primed to lead the national charge in the development of changing energy infrastructure and create the UKs first sustainable energy hub. 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. 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. Alok Gupta is the Operating Partner, Technology & Retail, at Essar Capital. Essar Constructions executed pipe laying contracts for all the major oil companies in India, and drinking water pipelines in Gujarat, Tamilnadu and Rajasthan. In 2005, when the government came out with the unified licensing scheme, the JV started merging all the telecom circles. Sponge iron generation capacity was also increased to 5.5 MTPA. The refinery plays a strategic role in the UK economy, supplying 16% of all road transport fuels. Around the mid-1980s, the Government also opened up the contract drilling business to Indian private companies. He was the Chief Executive Officer and Board Member at Essar Oil UK Limited. But this was not sufficient to meet its debt obligations. At the same time, the 8 MTPA iron ore beneficiation plant at Bailadila and the 267-km slurry pipeline were completed. With over 20 years of experience in the field of M&A and transactions, he leads all the M&A structuring on complex transactions globally for Essar Capital. Essar Site. It monitors and manages the entire portfolio of investments owned by EGFL. 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. Independently, Essar had acquired licenses in seven circles where Hutchison Essar did not have operations, and in four circles of BPL. 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. 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. This led to financial sanctions being imposed on India and Indian companies no longer had access to foreign funds. The project was funded by Indian financial institutions and the ECB. Prior to being the Managing Director at Essar Capital, Rakesh has been at leadership positions in Essar Ports. 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. In 2005, when the vessel rates peaked, Essar sold its five Suezmax tankers at the price at which they were bought in 1994. Plant owner. Managing Director, Finance, Infra, Tech & Retail. Phone. Earlier this year, it announced its participation in production of blue hydrogen under the HyNet project. Michelle Lewis, Corporate Affairs Director, Essar: michelle.lewis@essaroil.co.uk / 07805 854169, Peter Ogden, Powerscourt: essar@powerscourt-group.com / 07793 858 211. 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. Within 18 months after work resumed, Essar began commissioning the refinery in phases. He also has rich experience in leading change management, cultural transformation, organisational redesign and restructuring. Unite said it had informed the owner of the Ellesmere refinery, India's Essar Group, that its members . Thangapandian Srinivasalu currently serves as the Advisor for investments in the Energy sector at Essar Capital. Most Recent Shipment: 04/07/2022 (Database Updated . Email address: SSTAdvising@asu.edu / SSTGradAdvising@asu.edu Phone: 480-965-7682 Location: Advising offices are located in 777 Novus, Suite . Try LightSource for your strategic sourcing. Along with brother Ravi, Shashi Ruia laid the foundation of Essar and spearheaded its business strategy, diversification and growth. 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. Suite 220 As the world comes together to develop innovative ways of generating sustainable energy the supporting storage and transportation infrastructure needs to evolve. 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. 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 became the first Indian company to operate in the waters of the Atlantic. Our sights are firmly set on helping to drive the UK's decarbonisation strategy. Essar Group bets $3.6 billion on decarbonisation in India and UK Essar also entered the power and telecom sectors as and when they were opened up to private participation. 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. There was an FCCB (Foreign Currency Convertible Bonds) component that needed to be raised abroad in the latter half of 1998. In addition to OSVs, it bought Diving Support Vessels and Multi Support Vessels. The pipe laying division of the company was certified at ISO 9002. Essar replaced Swiss PTT with Hutchison as partner. Thus Essar was able to build one of the most valuable telecom companies in the world. He also ensures the successful delivery of the organisations corporate and business plans and desired outcomes. 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. The combined cycle power plant was state-of-the-art and was capable of using multi fuel with technology from General Electric, Hanjung and Siemens. In addition, Fulcrum NorthPoint was awarded a grant by the UK Government Department for Transport. 4900 Hopyard Road Essar Stanlow - Standlow Manufacturing Complex Ellesmore Port The commissioning was completed in October 1997. Mumbai - 400034 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. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. 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). Stanlow Oil refinery at Ellesmere Port in northwest England Why you can trust Sky News The owner of the vast Stanlow oil refinery in north-west England is in urgent talks about its future amid concern that it could be nearing collapse. 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, SAF produced at the site offers a 90% reduction in particulates, which may benefit local air quality in and around airports. Essar to invest USD 3.6 billion in energy transition in UK, India 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. Essar Oil UK Ltd - Code Of Conduct.pdf document - PDF | 4.8MB, Essar Oil UK - Anti-Slavery and Human Trafficking Statement.pdf document - PDF | 85.6KB, Essar Gender Pay Gap 2021.pdf document - PDF | 1.2MB, Tax Strategy Policy.pdf document - PDF | 481.5KB, The Stanlow Terminals Road Terminal which has significant spare capacity which provides supply resilience for the region, A direct connection via the UK Oil Pipeline through to Kingsbury, Northampton and beyond towards London, A pipeline connection to the UKs busiest regional airport at Manchester, Six berths on the Manchester Ship Canal handling export parcels of up to 10,000 tonnes, 4.4 billion litres of diesel every year - enough to drive a car doing 40 mpg 4,000 times around the equator every day, 3billion litres of petrol a year enough to drive a car 20 million times around the world, 2billion litres of jet fuela year enough to fuel 17,000 jumbo jets flying from Manchester to Los Angeles, Stanlow is one of thelargest refineries in Europe covering an area the equivalent of 300 football pitches, The refinery processes up to 9million tonnes of crude every year - thats more than 20,000 litres per minute, Distribution of products from Stanlow is mainly via road and pipeline. 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