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. All Rights Reserved. Vice Chairman & Operating Partner, Metals & Mining, Operating Parter, Infrastructure, MD & CEO, Essar Ports, Sr. Fulcrum is currently commissioning the world's first commercial waste-to-transportation fuels plant, located in the United States. The takeover of SCGL has enabled Essar to widen its product base and cater to a larger segment of industries. He has overseen Essars BPO and Power businesses, Smiti is a self-driven business leader and a true entrepreneur at heart. Having started his career with HPCL, he worked with National Oil Nigeria, Reliance Industries Ltd., TotalFinaELF and Gulf Oil India. In addition, Essar Oil UK operates an integrated terminal and marine facility at Stanlow and Tranmere on behalf Stanlow Terminals. Around the mid-1980s, the Government also opened up the contract drilling business to Indian private companies. During the period of stoppage, Essar had wisely planned for technology upgrades. The Manchester Ship Canal that connects Liverpool to Manchester also provides further hinterland water connection to North West UK. As a result, while most shipping companies in India were making losses in the 80s, Essar was reaping profits. If you would like a quote for delivery . Additionally, he has held leadership positions at IAA Healthcare, Metropolitan Insurance, CIM Global Business, CIM Asset Management, Ireland Blyth Limited and HSBC respectively. 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. 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. Essar also reentered the contract drilling services business after a hiatus of three years. Mahalaxmi, All these activities were consolidated under Essar Shipping and Logistics Limited. 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 Hazira, a deep draft berth and shipping channel was constructed to enhance the cargo handling capacity by bringing larger vessels alongside the berth. Stanlow contributes an estimated 60 million each year to the local economy and will house the UK's first low carbon hydrogen facility. Pleasanton, CA 94588. 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 plant has a high availability factor of 99 percent. The company approached State Bank of India (SBI), a leading public sector bank in India, for a loan. Many steel companies at that time went down under. Tempe, Arizona white page directory listings include full name, phone number and address. Object reference not set to an instance of an object. 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. 2023 PeopleConnect, Inc. d/b/a Addresses.com. 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. This debt was refinanced later when the government set up the Power Finance Corporation. Apollo in talks with Stanlow refinery owner amid dash for cash 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. Copyright 2023 Essar. As a result of that work over the past few months, EOUK has $1.1bn [800m] in liquidity secured. At Stanlow Terminals, we pride ourselves on being flexible to our customers needs, with a market leading storage offering. Mr Viral Gathani is the Managing Director, Finance, Energy, at Essar Capital. 4900 Hopyard Road REUTERS/Phil Noble LONDON, Nov 30 (Reuters) - Essar Oil UK said on Wednesday it planned. Stanlow Terminals to provide storage for UK SAF plant Try LightSource for your strategic sourcing. The project has been selected by BEIS as a Phase-2 winner in the CCUS cluster sequencing process earlier this summer, and as such, is currently progressing through the due diligence stage. Essar Oil (UK) Limited 2021. Marg, Mahalaxmi, Mumbai - 400034 Maharashtra, India. Being the largest independent means we can move quickly to meet your bulk liquid storage needs, Unique Refinery Access India Salaya Vizag Stanlow. She has more than 23 years of experience in Human Resources, having worked across industries like Manufacturing, Pharma, IT and Retail. The joint venture company then went about consolidating operations and acquiring various telecom circles. Prior to joining Essar, he was the Vice President and General Counsel at Hindustan Construction Company Ltd. He has a strong professional record in streamlining litigation, M&A, turnkey contract management, IPR, project financing, international arbitration and compliance support. He plays a key role in managing strategic functions of EGFL. Vertex Hydrogen is a joint venture between Essar Oil UK and Progressive Energy. 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. Firdose has extensive experience in emerging markets, having been involved in advising governments, parastatals and companies in Africa, India, Europe and the Middle East. In early 2005, Essar restructured the balance sheet and work resumed with renewed vigor on completing the refinery project. 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. Essar followed up this success, by setting up a pellet plant in Visakhapatnam as part of its backward integration strategy. 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. Most Recent Shipment: 04/07/2022 (Database Updated . As Fulcrum's first facility in the United Kingdom, NorthPoint will be located at the Essar Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. 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. 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. It invested in relevant logistics assets. Essar continues to be the largest Indian exporter of flat steel. For SBI, the proposal posed a real challenge since it involved a first-of-its-kind transaction for the bank as well! He established PetroFina in India and was part of the team that launched Gulf Oil in India post opening up of the market. 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. 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. 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. In this business, too, Essar kept refinancing the debt to reduce finance costs. Thangapandian Srinivasalu currently serves as the Advisor for investments in the Energy sector at Essar Capital. 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. Essar is investing to make our refinery at Stanlow, the UK's first low carbon refinery. He is responsible for investigation, analysis and assessment of risk, and accordingly design and implement strategies and processes which mitigate these threats. Vertex Hydrogen - Building a low carbon future Essar had financed the project through a combination of rupee debt and Floating Rate Notes (FRN)both on a five-year tenure. Essar Ports Both these factors led to a stoppage of work at the refinery, The Mid-2000s: Resurrecting the Essar Oil Refinery. The steel generation capacity at the Hazira plant was raised from 2 MTPA to 2.4 MTPA through de-bottlenecking. 925.730.0150. He has over 25 years of work experience in the field of M&A and Transactions. Essar To Build UK'S First Refinery-based Hydrogen Furnace in 45 Priya Chakravarty is the Senior Director, HR, at Essar Capital. 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. Essar braced itself for the oncoming challenge. An oil giant has announced plans to invest 1.9bn in Stanlow oil refinery in Cheshire, including establishing a plant to supply industrial hydrogen. Madhu Vuppuluri is the Operating Partner, Metals & Mining, Essar Capital. The construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. 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. 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. He has also advised boards and management on major transactions in 34 countries. Currently, he heads the country operations of Afrocentric Group in Mauritius and is the Managing Director of Medscheme International. Tempe, AZ White Pages. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. The Late 1980s: Foray into core sector manufacturing. 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.. Fulcrum BioEnergy | Fulcrum and Essar Oil Announce Plans for 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. info@fulcrum-bioenergy.com . Essar Capital Limited (Essar Capital) is the investment manager of Essar Global Fund Limited (EGFL). Essar JV to build UK's largest hydrogen hub | Mint Essar teamed up with Brown & Root of USA in laying an under-sea pipeline from the offshore Bassein gas field to Hazira. He also has rich experience in leading change management, cultural transformation, organisational redesign and restructuring. Rajiv was awarded the designation of Canadian Investment Manager by the Canadian Securities Institute in 2006. The Fair Credit Reporting Act ("FCRA") is a federal law that promotes the accuracy, fairness and privacy of information in the files of consumer reporting agencies. Prior to Essar, he has worked with Archean Group as Group President, and with SIVA group as CEO for about 15 years. India in those days had secondary steel makers who used imported scrap to produce steel. 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. Essar Ports is both a people-driven and people-centric organisation. With more than 50 years of experience, he guides Essar through transformations, manages operating functions and leads complex projects. Essar Oil UK, which operates Stanlow Refinery, and Fulcrum BioEnergy, based in California, US, have teamed up with Stanlow Terminals to develop the . Essar Oil UK to build 360 million carbon capture facility to deliver Sponge iron generation capacity was also increased to 5.5 MTPA. Mr Sogani, who was the Group CFO of Jindal Steel & Power Limited, has over 25 years of experience specialising in areas of business and financial management with special focus on strategy, M&A, business/corporate development, business restructuring, corporate finance, capital markets, investor relationship, governance and operations. The sponge iron plant became a hugely successful venture. This was not sufficient for the business to achieve and sustain long-term growth. When Essar conceived the project, international steel prices were in the region of USD 450 per tonne. 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 became the first Indian company to operate in the waters of the Atlantic. He has held key leadership positions at YES Bank Ltd. and ICICI Bank Ltd. 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. Essar Site Essar Oil UK Contact us Contact us How can we help you? He is a part of the Management Committee of Essar Capital. The Stanlow refinery supplies about a sixth of the UKs road fuel. . Essar Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. 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. Email. Object reference not set to an instance of an object. Since early August, the company has increased its daily vehicle shifts from 52 to more than 70, and is aiming to increase deliveries to more than 80 by the end of October, it said. He is a seasoned professional with over 27 years of experience, including 23 years in international investment banking & private equity. Scrap prices were volatile and had to be purchased with precious foreign exchange. Physical location: 777 Novus, Suite 310AA, Tempe, AZ 85287-4308 Building: Novus Tower, Tempe Campus Mailing address: P.O. 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. 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. 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. 20 August 2011. He started his career with Escorts Limited where he worked and grew through various roles of operations and business development. 4900 Hopyard Road Suite 220 Pleasanton, CA 94588. Our ambition is to become a leading low carbon refinery. The project was funded by Indian financial institutions and the ECB. 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. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address . Prior to joining Essar, he was associated with EY as a Partner for 11 years. Stanlow Diesel 121.87 ppl, PU10 114.81 ppl. He joined Essar in early 2000 and has played a key role on strategic investments of Essar in core economy and infrastructure sectors. Even during the downturn in the shipping industry, Essar Shipping registered profits. 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. Last month Essar Oil UK announced its participation in the production of blue hydrogen under the HyNet project. Unlike other fuel technologies currently being considered by industry, the use of SAF does not require changes to aircraft, engines, or airport infrastructure. Essar Ports Limited Your price for Delivered in supplies will be subject to delivery costs. 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). ESSAR OIL (UK) LIMITED - Find and update company information 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. Managing Director, Finance, Infra, Tech & Retail. Essar Group to invest $3.6bn in low carbon energy in UK and India An MBA from IIM Lucknow, Rakesh is a qualified Engineer from NIT, and brings with him 13 years of experience. Essar merged these circles into Hutchison Essar to create a telecom major. Plant owner. However, Essars chosen policy was to get into areas of import substitution, high technology and national importance. Essar Oil UK Ltd - Code Of Conduct.pdf document - PDF | 4.8MB, Essar Oil UK - Anti-Slavery and Human Trafficking Statement.pdf document - PDF | 85.6KB, Essar Gender Pay Gap 2021.pdf document - PDF | 1.2MB, Tax Strategy Policy.pdf document - PDF | 481.5KB, The Stanlow Terminals Road Terminal which has significant spare capacity which provides supply resilience for the region, A direct connection via the UK Oil Pipeline through to Kingsbury, Northampton and beyond towards London, A pipeline connection to the UKs busiest regional airport at Manchester, Six berths on the Manchester Ship Canal handling export parcels of up to 10,000 tonnes, 4.4 billion litres of diesel every year - enough to drive a car doing 40 mpg 4,000 times around the equator every day, 3billion litres of petrol a year enough to drive a car 20 million times around the world, 2billion litres of jet fuela year enough to fuel 17,000 jumbo jets flying from Manchester to Los Angeles, Stanlow is one of thelargest refineries in Europe covering an area the equivalent of 300 football pitches, The refinery processes up to 9million tonnes of crude every year - thats more than 20,000 litres per minute, Distribution of products from Stanlow is mainly via road and pipeline.
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