This is equivalent to the domestic heating energy used by a major British city region, such as Liverpool. 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. Tempe, AZ White Pages. 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.. 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. A general view of Essar Oil UK's Stanlow oil refinery near Ellesmere Port, Britain, September 27, 2021. This new development promises to lead the way to a cleaner and more sustainable future in the North West and change the way aviation fuel is made to help decarbonise the UK. Email. Rahul Taneja is the Managing Director, Human Capital at Essar Capital. Vertex Hydrogen is a joint venture between Essar Oil UK and Progressive Energy. By 2006, all the circles were under one umbrellaHutchison Essar Limited. The Manchester Ship Canal that connects Liverpool to Manchester also provides further hinterland water connection to North West UK. 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. Recently, he was also awarded Business Leader of the Year in the NBFC segment by ET Now. In 1999, the government announced a new telecom policy that was more conducive to growth. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking for Infrastructure. Operating Parter, Infrastructure & MD & CEO, Essar Ports. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. In addition to outside contracts, it executed all of Essars internal projects. B.C. 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. Such emission reductions are approximately 70% and have the future potential to be fully carbon neutral. 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. The company began its operations with the construction of an outer breakwater in Chennai port, an order worth Rs 2.5 crore. He holds a BA (Hons) in Economics and a Masters in Investment and Finance. Raj Varma is an Advisor, at Essar Capital. Suite 220 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. Crude oil is supplied to the refinery via a 15 mile pipeline from the companys Tranmere facility further downstream in the Mersey Estuary. 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. Additionally, he has held leadership positions at IAA Healthcare, Metropolitan Insurance, CIM Global Business, CIM Asset Management, Ireland Blyth Limited and HSBC respectively. The ambitious plan sets firm foundations to accelerate the UK's path to net zero while transforming the economy, boosting employment and delivering growth. As a result of that work over the past few months, EOUK has $1.1bn [800m] in liquidity secured. Box 2260 Tempe, Arizona 85280-2260 To visit us on site: ASU Fulton Center 300 E. University Drive Tempe, AZ . By continuing to use our website, you agree to our Privacy Policy Accept, Dedicated marine import capability to tankage. 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 . 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. Thangapandian Srinivasalu currently serves as the Advisor for investments in the Energy sector at Essar Capital. Having completed his law degree from the University of Leeds, United Kingdom, Andrew has over 25 years of rich experience. 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. 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. The experience in contract drilling prompted the Group to venture into the upstream in the Oil sectori.e. He is an experienced professional and an industry veteran, with 33 years experience with Tata Steel and 11 years with Jindal Steel & Power. 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. epl.secretarial . 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. Stanlow. 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. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. She has more than 23 years of experience in Human Resources, having worked across industries like Manufacturing, Pharma, IT and Retail. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. Essar replaced Swiss PTT with Hutchison as partner. Subsequent to the HyGrade takeover, the pellet making capacity was enhanced to 8 MTPA. 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. However, Swiss PTT wanted to shut shop as part of its strategy to exit all Asian operations. Prior to Essar, he has worked with Archean Group as Group President, and with SIVA group as CEO for about 15 years. 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. 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. Essar Energy enters into agreement to buy Royal Dutch Shell's Stanlow refinery for US$350 million. He has been a key member of several industry committees like Confederation of Indian Industries, Federation of Indian Commerce Industries, The Associated Chamber of Commerce & Industry of India and SUPERBRANDS for several years. 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. All these projects helped transform Essar Constructions into a leading EPC contractor. It bought six new double-hull double-bottom Suezmax tankers between 1991 and 1994, a time when no shipping companies were investing in such vessels. Today, the Hazira power plant has two power purchase agreementsone with the Gujarat State Electricity Board and the second with Essar Steel. 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. In addition, Essar Oil UK operates an integrated terminal and marine facility at Stanlow and Tranmere on behalf Stanlow Terminals. . 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. Managing Director, Finance, Infra, Tech & Retail. 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. The refinery plays a strategic role in the UK economy, supplying 16% of all road transport fuels. 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 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 also enables the import of large parcels of diesel. Essar Energy. He has held key leadership positions at Jindal Steel & Power Ltd, Jet Airways, Essar and Dell international. 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. Rajiv was awarded the designation of Canadian Investment Manager by the Canadian Securities Institute in 2006. The gas will be permanently sequestered into depleted gas fields under the sea in Liverpool Bay, as part of the HyNet cluster infrastructure in the North West of England. Six business areas in the core sectorConstruction, Shipping, Steel, Power, Oil & Gas, and Telecommunicationswere identified as growth drivers for the Group. Essar is investing to make our refinery at Stanlow, the UK's first low carbon refinery. Essar teamed up with Brown & Root of USA in laying an under-sea pipeline from the offshore Bassein gas field to Hazira. 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. 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. In the early 1990s, the Indian economy was liberalised and many industries that were hitherto monopolised by public sector companies were opened up to the private sector. 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. 2023 PeopleConnect, Inc. d/b/a Addresses.com. Many steel companies at that time went down under. In order to improve the efficiency, Essar Steel bought Stemcors 51 percent stake in HyGrade Pellets Limited, the pellet making venture of Essar. As a result, while most shipping companies in India were making losses in the 80s, Essar was reaping profits. Essar is investing over 1 billion into a range of energy efficiency, fuel-switching, and carbon capture initiatives, designed to decarbonise its production processes significantly by 2030 and put Essar at the forefront of the UKs shift to low carbon energy. It monitors and manages the entire portfolio of investments owned by EGFL. He has held several leadership positions at Adani Group, Larson & Toubro Ltd, Binani Industries Ltd. amongst others. 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. A fleet of 13 onshore rigs and a semi-submersible rig were deployed with clients in India and abroad. 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. Box 874308 Main phone: 480-965-7682 Fax: 480-965-9199 Undergraduate & Graduate Advising. 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. 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. Priya Chakravarty is the Senior Director, HR, at Essar Capital. Stanlow Terminals Limited Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4BD United Kingdom . 11, K.K. Our latest List Price, effective from 2nd March, for Ex Rack sales is as follows. The FRNs were due for refinancing in 1999, the year that marked the end of the five-year term. The Late 1980s: Foray into core sector manufacturing. 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. India Salaya Vizag Stanlow. CH65 4BD, United Kingdom, UKs Largest Choose Additional Cities in Arizona by Selecting the First Letter of the City. 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. Stanlow contributes an estimated 60 million each year to the local economy and will house the UK's first low carbon hydrogen facility. We unlock trapped value for energy partners feeling shackled by a lack of innovation and the status quo by maximising our flexible, end-to-end, safe and agile approach to logistics solutions management. 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. In 2012, he was awarded an excellence award for his contribution to renewable energy and sustainability by the Energy and Environment Foundation. Essar Oil UK Contact us Contact us How can we help you? Most Recent Shipment: 04/07/2022 (Database Updated . Plant owner Essar is also investing in a . It still owes 223m, and was reportedly due to start repayments this week. Essar Global Fund invests, builds and nurtures a portfolio of world-class companies through Essar Capital, its investment manager. Around the mid-1980s, the Government also opened up the contract drilling business to Indian private companies. 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. By this time, all of Essars businesses had grown significantly and the time had come for managing each business as an independent company. 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 . Were primed to lead the national charge in the development of changing energy infrastructure and create the UKs first sustainable energy hub. Ellesmere Port, Cheshire, Also, the financial sanctions imposed on India subsequent to the Pokhran nuclear test in May 1998 ensured that Essar was banned from raising FCCBs. Essar JV to build UK's largest hydrogen hub 2 min read . He joined Burmah Shell in 1957, also known as Bharat Petroleum Corporation Ltd after it was nationalised, and retired from it as director marketing. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. info@fulcrum-bioenergy.com . 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. 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. The company approached State Bank of India (SBI), a leading public sector bank in India, for a loan. Try LightSource for your strategic sourcing. Independently, Essar had acquired licenses in seven circles where Hutchison Essar did not have operations, and in four circles of BPL. 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). Essar began the process of refinancing one year in advance, in May 1998. A slew of projects in each of these businesses were initiated in the 1990s when the Indian economy was booming. Essar had financed the project through a combination of rupee debt and Floating Rate Notes (FRN)both on a five-year tenure. But this was not sufficient to meet its debt obligations. He has over 25 years of work experience in the field of M&A and Transactions. Being one of the low-cost steel producers, Essar managed to make operating profits. This is a massive undertaking, but it is a journey we are fully committed to. 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. His academic research paper on Sustainability and Renewable Consumption Obligation has been presented at forums of international repute. At the same time, the 8 MTPA iron ore beneficiation plant at Bailadila and the 267-km slurry pipeline were completed. He is a part of the Management Committee of Essar Capital. His strength lies in leading new business development opportunities and conducting preliminary due diligence and analysis of emergent companies and partners. . 4900 Hopyard Road 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. Pleasanton, CA 94588. In addition to OSVs, it bought Diving Support Vessels and Multi Support Vessels. He has also advised boards and management on major transactions in 34 countries. 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 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. Prashant has been an integral part of EGFLs operations and management since 1985 and a key driver of the Funds growth, diversification and value creation, both within India and internationally. He is the former Chairman and Managing Director of state-run natural gas giant GAIL India Ltd and had started his career in Oil and Natural Gas Corporation. There was an FCCB (Foreign Currency Convertible Bonds) component that needed to be raised abroad in the latter half of 1998. After a fierce round of bidding that involved several corporations, Vodafone bought the Hutchison stake valued at USD 11.5 billion. Kingsbury Diesel 121.92 ppl, PU10 114.84 ppl. Following this maiden contract, Essar bagged projects at every major port in the country, including Tuticorin, Mangalore, Goa, Kakinada and Nhava-Sheva in Mumbai. Maharashtra, India, Copyright 2021 All rights reserved Alok Gupta is the Operating Partner, Technology & Retail, at Essar Capital. In 2005, when the vessel rates peaked, Essar sold its five Suezmax tankers at the price at which they were bought in 1994. 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. School of Social Transformation. He Joined Essar in 1997 as COO in Essar Telecom and was the Executive Director of Essar Shipping Limited from 1998-2002. The Fulcrum venture will complement Essar's wider plans to build a green energy industrial cluster at the Stanlow site. 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. Essar Ports is both a people-driven and people-centric organisation. Sanjay Palve is the Sr. Acting as director of several client companies, Rajiv is a Fellow member of the Mauritius Institute of Directors since 2012. 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. 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. Hazira was also the land fall point for gas from the Bassein gas field in Bombay High. Essar Capital Limited (Essar Capital) is the investment manager of Essar Global Fund Limited (EGFL). Essar wanted to buy out Hutchisons stake and tied up a line of credit of over USD 11 billion. . 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. Around this time, Bombay High had just started producing oil, which needed to be transported onshore. At Stanlow Terminals, we pride ourselves on being flexible to our customers needs, with a market leading storage offering. Stanlow Terminals Limited Contact ; Transforming Logistics; New Offerings; Ports & Terminals. It also complements the announcement last month regarding a blue hydrogen development at Stanlow as part of the HyNet project. Object reference not set to an instance of an object. Essar will achieve its decarbonisations targets through a combination of incremental (energy efficiency and operating improvements) and transformational projects, including the 360 million carbon capture plant announced today, but also as a result of the significant investments Essar is making into hydrogen and biofuels. Role Active Director Date of birth July 1961 The green energy projects will include an investment of $1.2 billion in green ammonia manufacturing in India.
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