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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. Vertex Hydrogen is a joint venture between Essar Oil UK and Progressive Energy. It monitors and manages the entire portfolio of investments owned by EGFL. 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. 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. . Around the mid-1980s, the Government also opened up the contract drilling business to Indian private companies. A general view of Essar Oil UK's Stanlow oil refinery near Ellesmere Port, Britain, September 27, 2021. He is a seasoned professional with over 27 years of experience, including 23 years in international investment banking & private equity. Even during the downturn in the shipping industry, Essar Shipping registered profits. Object reference not set to an instance of an object. Prashant holds key positions on several prestigious regulatory and professional boards. Sanjay Palve is the Sr. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. Kailash Daultani currently serves as the Managing Director, Treasury and Finance, at Essar Capital. Hazira was also the land fall point for gas from the Bassein gas field in Bombay High. Thus Essar was able to build one of the most valuable telecom companies in the world. 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. This was not sufficient for the business to achieve and sustain long-term growth. Essar is investing to make our refinery at Stanlow, the UKs first low carbon refinery. The Manchester Ship Canal that connects Liverpool to Manchester also provides further hinterland water connection to North West UK. CH65 4BD, United Kingdom, UKs Largest Mr Rajiv Gujjalu serves as Director Essar Global Fund Limited (EGFL). In addition, Essar Oil UK operates an integrated terminal and marine facility at Stanlow and Tranmere on behalf Stanlow Terminals. It invested in relevant logistics assets. If approved, construction work is scheduled to begin on site by the end of 2022, with hydrogen production set to commence by the mid-2020s. 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. Our ambition is to become a leading low carbon refinery. Try LightSource for your strategic sourcing. This debt was refinanced later when the government set up the Power Finance Corporation. 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. The construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. He has also led digitalisation initiative in GRC space and was instrumental in running technology-based solution around enterprise risk, compliance risk, license management and document repository systems. 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. 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. info@fulcrum-bioenergy.com . 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. Along with brother Ravi, Shashi Ruia laid the foundation of Essar and spearheaded its business strategy, diversification and growth. Eventually, the loan was sanctioned, with a repayment structure that was unique for its time. The Essar Group was established by Mr. Shashi Ruia and Mr. Ravi Ruia in 1969, in South India. It had a fleet of over 100 vehicles of varying capacities. 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. He has held key leadership positions at Jindal Steel & Power Ltd, Jet Airways, Essar and Dell international. He also ensures the successful delivery of the organisations corporate and business plans and desired outcomes. 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.. Essar is investing to make our refinery at Stanlow, the UK's first low carbon refinery. 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. 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 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 is building assets & creating value in new promising markets right from services to retail in India and internationally. He has led natural resources sector businesses for major investment banks globally. Priya Chakravarty is the Senior Director, HR, at Essar Capital. Essar became the first Indian company to operate in the waters of the Atlantic. The ambitious plan sets firm foundations to accelerate the UK's path to net zero while transforming the economy, boosting employment and delivering growth. 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. 11, K.K. As the world comes together to develop innovative ways of generating sustainable energy the supporting storage and transportation infrastructure needs to evolve. 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. At that price, steel plant operations were simply unsustainable. 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 . 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. You may not use any information obtained from Intelius for any purpose covered by the FCRA. Prior to Essar, he has worked with Archean Group as Group President, and with SIVA group as CEO for about 15 years. He is responsible to advise and represent the company for all the legal matters concerning the Energy sector investments and portfolio businesses. This prompted Essar to start manufacturing sponge iron. 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. Essar Oil UK, which operates Stanlow Refinery, and Fulcrum BioEnergy, based in California, US, have teamed up with Stanlow Terminals to develop the . 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. 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). His strength lies in leading new business development opportunities and conducting preliminary due diligence and analysis of emergent companies and partners. Stanlow contributes an estimated 60 million each year to the local economy and will house the UK's first low carbon hydrogen facility. The power plant was originally conceived to cater to Essar Steels requirements, but was later converted to an independent producer with a capacity of 515 MW. Also, the financial sanctions imposed on India subsequent to the Pokhran nuclear test in May 1998 ensured that Essar was banned from raising FCCBs. The returns from the transition will not only outperform benchmark returns but also contribute to a sustainable society within the framework of Environmental, Social and Governance (ESG) and transform sectors for a post carbon economy. 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. Box 874308 Main phone: 480-965-7682 Fax: 480-965-9199 Undergraduate & Graduate Advising. In addition to outside contracts, it executed all of Essars internal projects. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address . All Rights Reserved. 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. Being one of the low-cost steel producers, Essar managed to make operating profits. [1] www.essaroil.co.uk/news/uks-first-refinery-based-hydrogen-furnace-arrives-at-essar/. 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. 925.730.0150. Stanlow Diesel 121.87 ppl, PU10 114.81 ppl. Strategic investments in setting up world-class facilities in Steel, Power, Ports, Oil and Gas. Previously Group Director at Gulf Petrochem, he is an oil and gas professional with around 35 years of experience in sales, marketing and trading of petroleum products in India, the Middle East and Nigeria with Public Sector Undertakings, Multi-National Companies and private sector companies. 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. 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. 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. NEW DELHI: The Essar group on Monday announced a USD 3.6 billion investment in low carbon energy transition projects in the UK and India including the production of green hydrogen and ammonia. He is respected for his project execution skills, financial expertise and people management capabilities. In 2005, when the government came out with the unified licensing scheme, the JV started merging all the telecom circles. 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. Firdose Coovadia is an Advisor, Metals & Mining, at Essar Capital. Low carbon hydrogen will be produced at the Stanlow Manufacturing Complex located in Ellesmere Port, Cheshire. 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. 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 Ports is both a people-driven and people-centric organisation. 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. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking. Earlier on he has worked with TCS in the beginning of his career. He is a part of the Management Committee of Essar Capital. What started out with an initial investment of USD 800 million had reached a valuation of USD18.8 billion in just six years. Left with no option, Essar was forced to default on the FRN loan, despite having made concrete plans for refinancing. 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. Media contact. Within 18 months after work resumed, Essar began commissioning the refinery in phases. Stanlow also plays an important part in Britains petrochemical industry, providing feedstocks such as toluene, propylene and ethylbenzene. Steel: The uncertainties of a cyclical business. This is a massive undertaking, but it is a journey we are fully committed to. She has earlier worked with Cipla as Head HR International Business, and has also volunteered with the Akanksha Foundation. General enquiry Contact us Commercial enquiry Retail enquiry Purchasing and Supplier Management (PSM) enquiry Careers enquiry General enquiry For general enquiries please write to: Stanlow Refinery Ellesmere Port Cheshire CH65 4HB Or phone Switchboard 0151 350 4000 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. 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. All companies under the TTP have been given until January 2022 to meet their commitments. By continuing to use our website, you agree to our Privacy Policy Accept, Dedicated marine import capability to tankage. In those early days of the telecom boom in India, effective policies were lacking and private telecom businesses were faced with several problems. 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 led to financial sanctions being imposed on India and Indian companies no longer had access to foreign funds. Until the mid-1980s, Essar was focused on the service sectors of construction and shipping, which were prone to cyclical volatility. Many steel companies at that time went down under. Essar did not succumb to the pressure. Essar continues to be the largest Indian exporter of flat steel. The project was funded by Indian financial institutions and the ECB. Sunil Jain is the Operating Partner for Energy transitions. Managing Director, Finance, Infra, Tech & Retail. When commercial production began in 1996, this had fallen to USD 380 per tonne. 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.