All companies under the TTP have been given until January 2022 to meet their commitments. Mr Mehra is involved in various Essar initiatives in areas of Business Strategy, Investments, Corporate Governance, Risk Management and Sustainability. The project, which will see an investment of approximately 600m, will use Fulcrum's proven waste-to-fuel process, which is already being deployed at its pioneering facility outside of Reno, Nevada in the United States, where operations are due to begin later this year. Essar Site 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. 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 . In order to improve the efficiency, Essar Steel bought Stemcors 51 percent stake in HyGrade Pellets Limited, the pellet making venture of Essar. It had a fleet of over 100 vehicles of varying capacities. 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. This will be the first Fulcrum plant outside the United States. 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. Box 2260 Tempe, Arizona 85280-2260 For all other mailing needs: ASU Foundation P.O. But this was not sufficient to meet its debt obligations. He has played an integral role in many landmark private equity transactions and has also managed many regional and global private equity funds. What started out with an initial investment of USD 800 million had reached a valuation of USD18.8 billion in just six years. Thus Essar was able to build one of the most valuable telecom companies in the world. Firdose has extensive experience in emerging markets, having been involved in advising governments, parastatals and companies in Africa, India, Europe and the Middle East. 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. Simultaneously, global steel prices started tumbling and reached a historic low of USD 180 per tonne. Together, these initiatives will help diversify the refinery in a greener direction, and help achieve the UK's decarbonisation goals. He is responsible for all HR matters for the Metals & Mining and Services & Technology portfolios. 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. 11, K.K. Just before the issue was launched, India tested the nuclear bomb at Pokhran. 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. Essar launches EET to invest US$3.6 billion in energy transition in the Independently, Essar had acquired licenses in seven circles where Hutchison Essar did not have operations, and in four circles of BPL. Madhu Vuppuluri is the Operating Partner, Metals & Mining, Essar Capital. Vertex's low carbon hydrogen production plant will be a core part of the HyNet low carbon cluster. He joined Essar in early 2000 and has played a key role on strategic investments of Essar in core economy and infrastructure sectors. In 2012, he was awarded an excellence award for his contribution to renewable energy and sustainability by the Energy and Environment Foundation. With over 15 years of experience in diverse fields including media & publishing, corporate communications. Worse was to follow. Rakesh Kankanala is the Managing Director, Managing Director, M&A, Infrastructure, of Essar Capital. In addition to OSVs, it bought Diving Support Vessels and Multi Support Vessels. With 18 years of experience, he has also served as the Senior Vice President, International Projects and Corporate Finance, with Essar Services. When commercial production began in 1996, this had fallen to USD 380 per tonne. Deepak Maheshwari, CEO of Essar Oil UK said: This new carbon capture plant is the single biggest initiative to decarbonise our processes and a core element to our hugely ambitious decarbonisation strategy. 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. At Hazira, a deep draft berth and shipping channel was constructed to enhance the cargo handling capacity by bringing larger vessels alongside the berth. 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. Vikash is also a member of the Management Committee of Essar Capital. All these activities were consolidated under Essar Shipping and Logistics Limited. Fulcrum is currently commissioning the world's first commercial waste-to-transportation fuels plant, located in the United States. In order to lend stability to the Group, Essar planned to enter manufacturing. 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. This brought down the capital cost per tonne of steel, which helped reduce overall cost of production. In 2006, Hutchison, too, decided to exit India. It also enables the import of large parcels of diesel. 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. Contact Us | ASU Foundation Last month Essar Oil UK announced its participation in the production of blue hydrogen under the HyNet project. Vertex Hydrogen - Building a low carbon future ESSAR OIL (UK) LIMITED - Find and update company information 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. Contact information for Essar companies in India and worldwide . The sponge iron plant became a hugely successful venture. Along with brother Ravi, Shashi Ruia laid the foundation of Essar and spearheaded its business strategy, diversification and growth. Mr Naushad Ansari is Managing Director, Business Development, at Essar Capital. 4900 Hopyard Road He has also advised boards and management on major transactions in 34 countries. Low carbon project at Stanlow secures Government backing - Essar With more than 50 years of experience, he guides Essar through transformations, manages operating functions and leads complex projects. Sunil is also the President of Wind Independent Power Producers Association. Regular ferry services connect Stanlow from Liverpool and Holyhead to Ireland, Isle of Man, Northern Ireland and northern Spain. 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. Crude oil is supplied to the refinery via a 15 mile pipeline from the companys Tranmere facility further downstream in the Mersey Estuary. Our latest List Price, effective from 2nd March, for Ex Rack sales is as follows. She has earlier worked with Cipla as Head HR International Business, and has also volunteered with the Akanksha Foundation. [1] www.essaroil.co.uk/news/uks-first-refinery-based-hydrogen-furnace-arrives-at-essar/. Essar Oil (UK) Limited 2021. ian.cotton@essaroil.co.uk and 07805 854169, Jeff Ovens, Managing Director, UK & Europe, jovens@fulcrum-bioenergy.com and 07399 472 650. Recently, he was also awarded Business Leader of the Year in the NBFC segment by ET Now. Further, the company has now returned to Ebitda positive [earnings before interest, taxes, depreciation, and amortisation] and is therefore in a much stronger position to weather the continued challenge presented by the pandemic, it said. Essar Oil UK and Fulcrum BioEnergy reveal SAF plant plans Suite 220 Stanlow oil refinery 'on brink of collapse' as crisis talks continue 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. Essar subsidiary Stanlow Terminals is to provide storage and logistics services for a new 600 million (687.8 million) sustainable aviation fuel (SAF) plant to be built near Ellesmere Port, UK. If you would like a quote for delivery . Name Address Address(maps) LinkedIn Alibaba AliExpress Global Sources Want to send an RFI or RFQ to this supplier? 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. 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. An oil giant has announced plans to invest 1.9bn in Stanlow oil refinery in Cheshire, including establishing a plant to supply industrial hydrogen. E-Telequest, Inc | Tempe, Arizona | Essar G. Ltd 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 . Essar had contracts with Chevron, Exxon-Mobil, Stat Oil, Shell, etc. 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. 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. Around the mid-1980s, the Government also opened up the contract drilling business to Indian private companies. Hutchison Essars subscriber base, too, has risen from 1,50,000 to 28 million. The remainder of our products leave via the Manchester Ship canal, The energy recovery plant processes both liquid and solid waste and is capable of generating 350 tonnes of steam every day for refinery use, Products manufactured by chemicals produced at Stanlow are used in the manufacture offoams for furniture and bedding, artificial sports tracks, ski suits and waterproof leisure wear. Media contact. Tempe, Arizona white page directory listings include full name, phone number and address. However, Essars chosen policy was to get into areas of import substitution, high technology and national importance. It still owes 223m, and was reportedly due to start repayments this week. Sr. Founded in 2007, Fulcrum BioEnergy, Inc. has developed a proprietary process, using commercially proven technology, to convert waste that would otherwise be landfilled or incinerated, into low-carbon, ultra clean burning liquid transportation fuels (Fulcrum FuelTM). Essar to make 1.98bn energy transition investment | Zenoot Located near Ellesmere Port in north west England, the Stanlow refinery is the second largest in the UK. 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. Stanlow, 15th February, 2021. 925.730.0150. Correspondence address The Administration Building, 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB . 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. Stanlow. Copyright 2023 Essar. 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. Viral has held key leadership positions at Vedanta Resources Plc, CIMB Securities/ Royal Bank of Scotland, Warburg Pincus, Citigroup, and Credit Suisse. Tripathi is the Vice Chairman, Exploration & Production at Essar Capital, and has over 36 years of experience across Operation & Maintenance of Pipelines, Project Management, Contracts Management, Customer Relationship Management, Marketing etc. At Stanlow Terminals, we pride ourselves on being flexible to our customers' needs, with a market leading storage offering. Essar braced itself for the oncoming challenge. Stanlow Terminals Limited Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4BD United Kingdom . 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. Additionally, he is also a member of the India-Indonesia CEOs Forum. Essar did not succumb to the pressure. The Manchester Ship Canal that connects Liverpool to Manchester also provides further hinterland water connection to North West UK. Prior to Essar, he was the CEO & Executive Director of Hero Future Energies Pvt Ltd. Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk, Original reporting and incisive analysis, direct from the Guardian every morning. Mr Sogani helps manage Essar Capital investments in the portfolio companies of metals & mining sector. Mystery over future of Essar's Stanlow oil refinery - North West Essar says it is in positive discussions with HMRC for a short extension to its time-to-pay (TTP) arrangement agreed earlier this year, having repaid 547m of the 770m originally deferred. Were primed to lead the national charge in the development of changing energy infrastructure and create the UKs first sustainable energy hub. 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 the second quarter, a devastating cyclone hit the western coast of India damaging several structures in the refinery site. The project was funded by Indian financial institutions and the ECB. Stanlow Terminals to provide storage for UK SAF plant Kingsbury Diesel 121.92 ppl, PU10 114.84 ppl. 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. Hazira was also the land fall point for gas from the Bassein gas field in Bombay High. The company's spirited involvement in community service . Vikash Saraf is the non-executive director of Essar Capital. All these projects helped transform Essar Constructions into a leading EPC contractor. Essar merged these circles into Hutchison Essar to create a telecom major. Email. He has a strong professional record in streamlining litigation, M&A, turnkey contract management, IPR, project financing, international arbitration and compliance support. Jatinder Mehra is the Vice Chairman & Operating Partner of Essar Capital. The aim was to build a diverse fleet that could help hedge any downturns in the business. India Salaya Vizag Stanlow. Our sights are firmly set on helping to drive the UK's decarbonisation strategy. Again, breaking the tradition of locating manufacturing facilities close to the mines, the Company chose to build the plant at Hazira, a port on the west coast of India. A qualified chartered accountant, Kailash joined Essar in 2003 after working with Chaturvedi & Shah and Dewani & Co. Adithya Bhat, with over 27 years of experience in Governance, Risk and Compliance (GRC), is the Chief Risk Officer at Essar Capital. Kailash Daultani currently serves as the Managing Director, Treasury and Finance, at Essar Capital. He has held key leadership positions at Jindal Steel & Power Ltd, Jet Airways, Essar and Dell international. 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 began the process of refinancing one year in advance, in May 1998. 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. A slew of projects in each of these businesses were initiated in the 1990s when the Indian economy was booming. Six business areas in the core sectorConstruction, Shipping, Steel, Power, Oil & Gas, and Telecommunicationswere identified as growth drivers for the Group. His entrepreneurial abilities have enabled the Essar Global portfolio of companies to become one of the leading names in global industry. 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. Aviation is one of the most hard to decarbonise transport sectors and sustainable aviation fuel is a key enabler for the reduction of carbon emissions. The 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. She has more than 23 years of experience in Human Resources, having worked across industries like Manufacturing, Pharma, IT and Retail. He is respected for his project execution skills, financial expertise and people management capabilities. Sponge iron generation capacity was also increased to 5.5 MTPA. 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. Even during the downturn in the shipping industry, Essar Shipping registered profits. This prompted Essar to start manufacturing sponge iron. 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. Both these factors led to a stoppage of work at the refinery, The Mid-2000s: Resurrecting the Essar Oil Refinery. Essar became the first Indian company to operate in the waters of the Atlantic. Production started in November 2006 with a capacity of 7.5 MTPA. He also has rich experience in leading change management, cultural transformation, organisational redesign and restructuring. 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. The 1980s: Supporting Indias nascent exploration sector. In addition to outside contracts, it executed all of Essars internal projects. Currently, he heads the country operations of Afrocentric Group in Mauritius and is the Managing Director of Medscheme International. They primarily export from United States with 17 shipments . Registered office address The Administration Building 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB Company status Active Company type Private limited Company. Plant owner. He has held key leadership positions at YES Bank Ltd. and ICICI Bank Ltd. Essar followed up this success, by setting up a pellet plant in Visakhapatnam as part of its backward integration strategy. 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. It invested in relevant logistics assets. He has over 25 years of work experience in the field of M&A and Transactions. He is responsible to advise and represent the company for all the legal matters concerning the Energy sector investments and portfolio businesses. 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. The Late 1980s: Foray into core sector manufacturing. Essar House, : +91-22- 66601100 Fax: +91-22-66601809 Write to us : Mumbai Essar Equinox Business Park (Peninsula Techno Park), Off Bandra Kurla Complex, Prior to joining Essar, he has worked with Caf Coffee Day and UB Spirits. 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. 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. The joint venture company then went about consolidating operations and acquiring various telecom circles. Intelius does not provide consumer reports and is not a consumer reporting agency as defined by the FCRA. Subsequent to the HyGrade takeover, the pellet making capacity was enhanced to 8 MTPA. and more than 70 percent of its shipping revenues came from international operations. 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. When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. Maharashtra, India, Copyright 2021 All rights reserved . All its Suezmax tankers were approved by oil majors, an endorsement that fetches a premium in freight. In 1999, the government announced a new telecom policy that was more conducive to growth.