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. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. . 4900 Hopyard Road Suite 220 Pleasanton, CA 94588. 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. Earlier on he has worked with TCS in the beginning of his career. Harnessing our expertise and experience, ambition and can-do approach, we contribute to a more sustainable society while providing value propositions to our partners by simplifying their supply chains. 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. Phone. 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 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. 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. School of Social Transformation. For SBI, the proposal posed a real challenge since it involved a first-of-its-kind transaction for the bank as well! He is a seasoned professional with over 27 years of experience, including 23 years in international investment banking & private equity. 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. Stanlow, 30th November 2022: Essar Oil UK Limited (Essar or the Company) today announces its plan to build a 360 million major new carbon capture plant at its Stanlow refinery in line with its ambition to become a leading low carbon refinery by 2030. Essar Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. Essar Group bets $3.6 billion on decarbonisation in India and UK 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. Inside the Plant At a Glance. 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. During the period of stoppage, Essar had wisely planned for technology upgrades. Box 2260 Tempe, Arizona 85280-2260 For all other mailing needs: ASU Foundation P.O. Stanlow Diesel 121.87 ppl, PU10 114.81 ppl. Essar is already making rapid progress against its broader decarbonisation targets. Not one to lag behind, Essar seized every opportunity that came its way. 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. Crude oil is supplied to the refinery via a 15 mile pipeline from the companys Tranmere facility further downstream in the Mersey Estuary. 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. 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. Fulcrum is currently commissioning the world's first commercial waste-to-transportation fuels plant, located in the United States. Located between Manchester and Liverpool on the west coast of the United Kingdom, Stanlow is connected to sea freight routes that extend globally, and are served by a host of international shipping lines such as ACL, MSC and NYK. He is on the Boards of World Steel Association, and the Metals & Mining and Energy industry Committee of the World Economic Forum. Contact us - Essar All these projects helped transform Essar Constructions into a leading EPC contractor. Michelle Lewis, Corporate Affairs Director, Essar: michelle.lewis@essaroil.co.uk / 07805 854169, Peter Ogden, Powerscourt: essar@powerscourt-group.com / 07793 858 211. 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. With more than 50 years of experience, he guides Essar through transformations, manages operating functions and leads complex projects. Essar owned 33% stake in the consolidated entity. The sponge iron plant became a hugely successful venture. 11, K.K. 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. Strategic investments in setting up world-class facilities in Steel, Power, Ports, Oil and Gas. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address . He joined Essar in early 2000 and has played a key role on strategic investments of Essar in core economy and infrastructure sectors. Having started his career with HPCL, he worked with National Oil Nigeria, Reliance Industries Ltd., TotalFinaELF and Gulf Oil India. Prior to joining Essar, he was the Vice President and General Counsel at Hindustan Construction Company Ltd. As the world comes together to develop innovative ways of generating sustainable energy the supporting storage and transportation infrastructure needs to evolve. But this was not sufficient to meet its debt obligations. 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. This will be the first Fulcrum plant outside the United States. Today, the Hazira power plant has two power purchase agreementsone with the Gujarat State Electricity Board and the second with Essar Steel. Physical location: 777 Novus, Suite 310AA, Tempe, AZ 85287-4308 Building: Novus Tower, Tempe Campus Mailing address: P.O. 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. Email. There was an FCCB (Foreign Currency Convertible Bonds) component that needed to be raised abroad in the latter half of 1998. Essar had financed the project through a combination of rupee debt and Floating Rate Notes (FRN)both on a five-year tenure. Until the mid-1980s, Essar was focused on the service sectors of construction and shipping, which were prone to cyclical volatility. The Stanlow refinery supplies about a sixth of the UKs road fuel. It monitors and manages the entire portfolio of investments owned by EGFL. Recently, he was also awarded Business Leader of the Year in the NBFC segment by ET Now. 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. Mumbai - 400034 The project was funded by Indian financial institutions and the ECB. : +91-22- 66601100 Fax: +91-22-66601809 Write to us : Mumbai Essar Equinox Business Park (Peninsula Techno Park), Off Bandra Kurla Complex, 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. Sr. Later, it went on to buy a specialized pipe-laying barge to undertake this kind of activity. 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. The UK's second biggest oil refinery is locked in talks with tax officials over a deferred tax bill amid reports that it could be on the brink of collapse. Well do this through a combination of our unique geographical location, decades of experience and a passion for a greener, cleaner planet. Mahalaxmi, 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. 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. With over 32 years of work experience in the technological sector, Alok leads all new capital investment recommendations to the companys board. Copyright 2023 Essar. 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. This innovative bio-refinery will convert several hundred thousand tonnes of pre-processed waste, which would have otherwise been destined for incineration or landfill, into approximately 100 million litres of low carbon SAF annually. Essar Oil UK Contact us Contact us How can we help you? 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 . Such emission reductions are approximately 70% and have the future potential to be fully carbon neutral. 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). This is equivalent to the domestic heating energy used by a major British city region, such as Liverpool. Essar was founded in 1969 by his father, Shashi Ruia and uncle Ravi Ruia. Now, Essar is all set to team up with the new JV partner Vodafone to take growth to the next level. Low carbon hydrogen will be produced at the Stanlow Manufacturing Complex located in Ellesmere Port, Cheshire. In this business, too, Essar kept refinancing the debt to reduce finance costs. She has earlier worked with Cipla as Head HR International Business, and has also volunteered with the Akanksha Foundation. 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. Box 874308 Main phone: 480-965-7682 Fax: 480-965-9199 Undergraduate & Graduate Advising. He has led natural resources sector businesses for major investment banks globally. Essar to invest USD 3.6 billion in energy transition in UK, India Stanlow Terminals to provide storage for UK SAF plant Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. He was chairman and chief executive of J&K Bank for five years. 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. 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 began the process of refinancing one year in advance, in May 1998. The Fulcrum venture will complement Essar's wider plans to build a green energy industrial cluster at the Stanlow site. 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. Fulcrum's partner, Essar, will assist with the blending and supply the sustainable aviation fuel to airlines, with Stanlow Terminals Limited providing product storage and logistics solutions for the project under a long-term agreement. He has held several leadership positions at Adani Group, Larson & Toubro Ltd, Binani Industries Ltd. amongst others. Essar Oil UK, which operates Stanlow Refinery, and Fulcrum BioEnergy, based in California, US, have teamed up with Stanlow Terminals to develop the . About Our Company - Essar He has over 25 years of work experience in the field of M&A and Transactions. He was appointed as MD & CEO of Essar Shipping, Ports & Logistics Limited in 2010. Low carbon project at Stanlow secures Government backing - Essar 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. Contact information for Essar companies in India and worldwide . He has played an integral role in many landmark private equity transactions and has also managed many regional and global private equity funds. . 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. Marg, 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). He has a strong professional record in streamlining litigation, M&A, turnkey contract management, IPR, project financing, international arbitration and compliance support. In early 2005, Essar restructured the balance sheet and work resumed with renewed vigor on completing the refinery project. 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. Tempe, Arizona white page directory listings include full name, phone number and address. 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. All Rights Reserved. Essar House, This debt was refinanced later when the government set up the Power Finance Corporation. 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. Intelius reports cannot be used for background checks related to consumer credit, insurance, employment, housing or any other purpose prohibited under the FCRA. The Stanlow project, named Fulcrum NorthPoint, will create 800 direct and indirect jobs during the design, build and commissioning process and over 100 permanent jobs during its operation. 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. He also worked at Essar Oil Limited, India, as CEO Marketing & IST, and was responsible for Retail Sales, Direct Sales, Retail Network Expansion, Sourcing Crude, Trading of Petroleum Products and Supply & Distribution in India and Kenya. Haseeb Drabu is an economist with over 30 years of experience with diverse skill-sets and wide-ranging experience as a lawmaker, policy planner, banker and an economic commentator. 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. Being the largest independent means we can move quickly to meet your bulk liquid storage needs, Unique Refinery Access Object reference not set to an instance of an object. 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. By 2006, all the circles were under one umbrellaHutchison Essar Limited. In 2005, when the vessel rates peaked, Essar sold its five Suezmax tankers at the price at which they were bought in 1994. He has significant experience of managing strategic transactions, acquisitions and raising capital across industries including Financial Services, Information Technology and Manufacturing (Cement, Sugar, Refractories, Power, Renewable Energy, Steel & Healthcare). Viral has held key leadership positions at Vedanta Resources Plc, CIMB Securities/ Royal Bank of Scotland, Warburg Pincus, Citigroup, and Credit Suisse. Sanjay Palve is the Sr. Essar Site He established PetroFina in India and was part of the team that launched Gulf Oil in India post opening up of the market. Essar launches EET to invest $3.6 bn in energy transition in UK, India In addition, Essar Oil UK operates an integrated terminal and marine facility at Stanlow and Tranmere on behalf Stanlow Terminals. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. He was the Chief Executive Officer and Board Member at Essar Oil UK Limited. Anshuman Ruia is known for his financial expertise and project execution skills. In addition, Fulcrum NorthPoint was awarded a grant by the UK Government Department for Transport. Essar Stanlow's top supplier is Refined Technologies with 17 shipments. Vikash is also a member of the Management Committee of Essar Capital. At the same time, the 8 MTPA iron ore beneficiation plant at Bailadila and the 267-km slurry pipeline were completed. Essar Oil UK to build $430 mln carbon capture facility at Stanlow 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. Essar Energy enters into agreement to buy Royal Dutch Shell's Stanlow refinery for US$350 million. He has also advised boards and management on major transactions in 34 countries. epl.secretarial . Northampton Diesel 121.98 ppl, PU10 114.89 ppl. Try LightSource for your strategic sourcing. Stanlow also plays an important part in Britains petrochemical industry, providing feedstocks such as toluene, propylene and ethylbenzene. This was not sufficient for the business to achieve and sustain long-term growth. The Stanlow oil refinery supplies about a sixth of Britains road fuel, and is owned by the billionaire brothers Shashi and Ravi Ruia, through their company Essar Oil UK. Correspondence address The Administration Building, 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB . The company received underwriting commitments from Chase and Lehman Brothers. India in those days had secondary steel makers who used imported scrap to produce steel. Rakesh Kankanala is the Managing Director, Managing Director, M&A, Infrastructure, of Essar Capital. Contact Us | School of Social Transformation - Arizona State University Stanlow Terminals Limited 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. He is responsible for investigation, analysis and assessment of risk, and accordingly design and implement strategies and processes which mitigate these threats. Apollo in talks with Stanlow refinery owner amid dash for cash Simultaneously, global steel prices started tumbling and reached a historic low of USD 180 per tonne. Subsequent to the HyGrade takeover, the pellet making capacity was enhanced to 8 MTPA. 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. . REUTERS/Phil Noble LONDON, Nov 30 (Reuters) - Essar Oil UK said on Wednesday it planned. 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. In 2012, he was awarded an excellence award for his contribution to renewable energy and sustainability by the Energy and Environment Foundation. Acting as director of several client companies, Rajiv is a Fellow member of the Mauritius Institute of Directors since 2012. EOUK had agreed to an accelerated schedule to make this payment. In addition, SAF produced at the site offers a 90% reduction in particulates, which may benefit local air quality in and around airports. An offering that prides itself in the highest levels of safety to protect our people, your people and the communities we operate in. The construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. Mr Rajiv Gujjalu serves as Director Essar Global Fund Limited (EGFL). Stanlow: Energy giant Essar unveils 2bn plan for low-carbon plant Ellesmere Port, Cheshire, 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. 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.
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