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. . 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. 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. Michelle Lewis, Corporate Affairs Director, Essar: michelle.lewis@essaroil.co.uk / 07805 854169, Peter Ogden, Powerscourt: essar@powerscourt-group.com / 07793 858 211. Intelius does not provide consumer reports and is not a consumer reporting agency as defined by the FCRA. Essar has invested in a portfolio of world-class companies across sectors and geographies. Ellesmere Port, Cheshire, Stanlow Terminals Limited Not one to lag behind, Essar seized every opportunity that came its way. In this way, the share of value-added products increased from 35 percent to 70 percent of total production. It invested in relevant logistics assets. The sponge iron plant became a hugely successful venture. Essar Group is to invest $3.6bn developing low-carbon energy in the UK and India under the newly formed Essar Energy Transition (EET). Plant owner Essar is also investing in a . When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. 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. 20 August 2011. The Stanlow refinery supplies about a sixth of the UKs road fuel. Unite general secretary Sharon Graham said: "Unite has contacted Essar who operate the Stanlow Oil Refinery to inform the company that due to the ongoing conflict in Ukraine, Unite workers at . 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. Copyright 2023 Essar. Madhu Vuppuluri is the Operating Partner, Metals & Mining, Essar Capital. As Fulcrum's first facility in the United Kingdom, NorthPoint will be located at the Essar Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. Contact information for Essar companies in India and worldwide . Essar Ports 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. Such emission reductions are approximately 70% and have the future potential to be fully carbon neutral. Essar is already making rapid progress against its broader decarbonisation targets. In addition, Essar Oil UK operates an integrated terminal and marine facility at Stanlow and Tranmere on behalf Stanlow Terminals. His entrepreneurial abilities have enabled the Essar Global portfolio of companies to become one of the leading names in global industry. info@fulcrum-bioenergy.com . 11, K.K. In the second quarter, a devastating cyclone hit the western coast of India damaging several structures in the refinery site. Alok Gupta is the Operating Partner, Technology & Retail, at Essar Capital. 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. Strategic investments in setting up world-class facilities in Steel, Power, Ports, Oil and Gas. He is a seasoned professional with over 27 years of experience, including 23 years in international investment banking & private equity. Essar also entered the power and telecom sectors as and when they were opened up to private participation. Sunil is also the President of Wind Independent Power Producers Association. Now, Essar is all set to team up with the new JV partner Vodafone to take growth to the next level. 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. It owned 11 land rigs, one offshore rig and a drill ship. Copyright 2023 Essar. 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 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. Plant owner. Mr Mehra is involved in various Essar initiatives in areas of Business Strategy, Investments, Corporate Governance, Risk Management and Sustainability. Unite said it had informed the owner of the Ellesmere refinery, India's Essar Group, that its members . 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. Mr Deepak Sogani joined ESSAR in August 2020 as Managing Director Finance, Essar Capital, the investment manager for Essar Global Fund Limited (EGFL). Essar Shipping diversified and modernised its fleet in the early 1990s. Your price for Delivered in supplies will be subject to delivery costs. We are committed and primed to lead the national charge in the development of a more sustainable energy infrastructure by creating the UKs first eco-friendly energy hub. All its Suezmax tankers were approved by oil majors, an endorsement that fetches a premium in freight. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. This led to financial sanctions being imposed on India and Indian companies no longer had access to foreign funds. Essar Energy enters into agreement to buy Royal Dutch Shell's Stanlow refinery for US$350 million. Refinery workers refuse to deal with ship carrying Russian oil Essar Oil UK is committed to helping drive the UK's decarbonisation strategy. 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. Correspondence address Essar Oil (uk) Limited, Lansdowne House - 2nd Floor East, Berkeley Square, London, England, W1J 6ER . He is responsible for all HR matters for the Metals & Mining and Services & Technology portfolios. In addition to outside contracts, it executed all of Essars internal projects. By continuing to use our website, you agree to our Privacy Policy Accept, Dedicated marine import capability to tankage. He is a part of the Management Committee of Essar Capital. Essar Ports Limited 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. Eventually, the loan was sanctioned, with a repayment structure that was unique for its time. In 2012, he was awarded an excellence award for his contribution to renewable energy and sustainability by the Energy and Environment Foundation. Stanlow | Essar Oil Uk 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. White Pages - Find People In | Addresses As a result, while most shipping companies in India were making losses in the 80s, Essar was reaping profits. With more than 50 years of experience, he guides Essar through transformations, manages operating functions and leads complex projects. . 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. Gifts and Donations to: ASU Foundation Attn:Financial Services P.O. 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. In 2005, when the vessel rates peaked, Essar sold its five Suezmax tankers at the price at which they were bought in 1994. as panic buying hits forecourts across the country. The ambitious plan sets firm foundations to accelerate the UK's path to net zero while transforming the economy, boosting employment and delivering growth. Ensuring your bulk liquid products reach their destinations with ease. Marg, 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. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. 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 Mr Rajiv Gujjalu serves as Director Essar Global Fund Limited (EGFL). Following this maiden contract, Essar bagged projects at every major port in the country, including Tuticorin, Mangalore, Goa, Kakinada and Nhava-Sheva in Mumbai. Subsequently he took responsibility as President Global Markets & Strategy since 2012 where he was responsible for sales, pricing strategy, marketing, and product & category management for the Steel business. 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. 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. Six business areas in the core sectorConstruction, Shipping, Steel, Power, Oil & Gas, and Telecommunicationswere identified as growth drivers for the Group. Northampton Diesel 121.98 ppl, PU10 114.89 ppl. Production started in November 2006 with a capacity of 7.5 MTPA. All these activities were consolidated under Essar Shipping and Logistics Limited. With over 32 years of work experience in the technological sector, Alok leads all new capital investment recommendations to the companys board. and more than 70 percent of its shipping revenues came from international operations. About Our Company - Essar Sustainable aviation fuel plant set for take off at Stanlow - Essar 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. 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. 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. Were primed to lead the national charge in the development of changing energy infrastructure and create the UKs first sustainable energy hub. Essar became the first Indian company to operate in the waters of the Atlantic. This is great news for the North West, with hundreds of jobs created as the region takes the lead in making aviation greener.I hope this is a sign of great things to come as we look forward to a sustainable, low carbon future for aviation, helping us push forward towards our 2050 net-zero target. Suite 220 He has held key leadership positions at YES Bank Ltd. and ICICI Bank Ltd. In order to improve the efficiency, Essar Steel bought Stemcors 51 percent stake in HyGrade Pellets Limited, the pellet making venture of Essar. Prior to this, he was a partner with KPMGs risk consulting practice focusing on enterprise and compliance risk management, partnering with leading multinational companies in areas of GRC in India, North America and Middle East. He plays a key role in managing strategic functions of EGFL. He has overseen Essars BPO and Power businesses, Smiti is a self-driven business leader and a true entrepreneur at heart. Essar Oil UK, which operates Stanlow Refinery, and Fulcrum BioEnergy, based in California, US, have teamed up with Stanlow Terminals to develop the . Essar is building assets & creating value in new promising markets right from services to retail in India and internationally. 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. Essar had financed the project through a combination of rupee debt and Floating Rate Notes (FRN)both on a five-year tenure. All companies under the TTP have been given until January 2022 to meet their commitments. He has a strong professional record in streamlining litigation, M&A, turnkey contract management, IPR, project financing, international arbitration and compliance support. This is equivalent to the domestic heating energy used by a major British city region, such as Liverpool. Currently, he heads the country operations of Afrocentric Group in Mauritius and is the Managing Director of Medscheme International. Contact us | Essar Oil Uk Box 874308 Main phone: 480-965-7682 Fax: 480-965-9199 Undergraduate & Graduate Advising. Dhanpat Nahata is the General Partner, Strategy and Risk, at Essar Capital. 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. Stanlow Terminals to provide storage for UK SAF plant Essar Stanlow's top supplier is Refined Technologies with 17 shipments. 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. He is responsible for investigation, analysis and assessment of risk, and accordingly design and implement strategies and processes which mitigate these threats. She has more than 23 years of experience in Human Resources, having worked across industries like Manufacturing, Pharma, IT and Retail. Rakesh Kankanala is the Managing Director, Managing Director, M&A, Infrastructure, of Essar Capital. Within 18 months after work resumed, Essar began commissioning the refinery in phases. 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 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. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. She has earlier worked with Cipla as Head HR International Business, and has also volunteered with the Akanksha Foundation. 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. 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. 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. 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. 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. Around the mid-1980s, the Government also opened up the contract drilling business to Indian private companies. By 2006, all the circles were under one umbrellaHutchison Essar Limited. Thus Essar was able to build one of the most valuable telecom companies in the world. He has led natural resources sector businesses for major investment banks globally. It monitors and manages the entire portfolio of investments owned by EGFL. 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. 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. Marg, Mahalaxmi, Mumbai - 400034 Maharashtra, India. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address . Vertex Hydrogen is a joint venture between Essar Oil UK and Progressive Energy. Moreover, the quality of scrap was also not always up to the mark. A new value-centric growth strategy based on Entrepreneurship, Expertise and Experience along with a robust governance system and structure will deliver superior returns, sustainably. All Rights Reserved. Priya Chakravarty is the Senior Director, HR, at Essar Capital. Additionally, he has held leadership positions at IAA Healthcare, Metropolitan Insurance, CIM Global Business, CIM Asset Management, Ireland Blyth Limited and HSBC respectively. Essar Capital Limited (Essar Capital) is the investment manager of Essar Global Fund Limited (EGFL). 4900 Hopyard Road Suite 220 Pleasanton, CA 94588. So Essar set up steel manufacturing facilities at Hazira with the objective of gaining value addition. Legal Disclaimer and Terms and Conditions of Usage, This website uses cookies or similar technologies, to enhance your browsing experience and provide personalized recommendations. With Assets Under Management (AUM) of USD 8.2 billion, as on 31 March 2021, and a net asset value of USD 4.4 billion, the current investment portfolio of EGFL is future centric and value accretive. Essar did not succumb to the pressure. Essar again grabbed the opportunity and went on to become Indias largest rig operator in the private sector. Essar launches EET to invest US$3.6 billion in energy transition in the 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. Contact Us | School of Social Transformation - Arizona State University Managing Director, Finance, Metals & Mining. 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. Recently, he was also awarded Business Leader of the Year in the NBFC segment by ET Now. Regular ferry services connect Stanlow from Liverpool and Holyhead to Ireland, Isle of Man, Northern Ireland and northern Spain. Today, the Hazira power plant has two power purchase agreementsone with the Gujarat State Electricity Board and the second with Essar Steel. Dockers at Stanlow refinery in Cheshire have refused to unload a shipment of Russian oil. Around this time, Bombay High had just started producing oil, which needed to be transported onshore. Pleasanton, CA 94588. 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. The steel generation capacity at the Hazira plant was raised from 2 MTPA to 2.4 MTPA through de-bottlenecking. 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. Most Recent Shipment: 04/07/2022 (Database Updated . As a result of that work over the past few months, EOUK has $1.1bn [800m] in liquidity secured. He holds a BA (Hons) in Economics and a Masters in Investment and Finance.

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