As a result, while most shipping companies in India were making losses in the 80s, Essar was reaping profits. Additionally, he has held leadership positions at IAA Healthcare, Metropolitan Insurance, CIM Global Business, CIM Asset Management, Ireland Blyth Limited and HSBC respectively. Essar To Build UK'S First Refinery-based Hydrogen Furnace in 45 Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. 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. Firdose has extensive experience in emerging markets, having been involved in advising governments, parastatals and companies in Africa, India, Europe and the Middle East. The UKs 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. Essar wanted to buy out Hutchisons stake and tied up a line of credit of over USD 11 billion. 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. Vice Chairman & Operating Partner, Metals & Mining, Operating Parter, Infrastructure, MD & CEO, Essar Ports, Sr. Inside the Plant At a Glance. He has worked as an Economic Advisor, and the principal economic policy maker at the state level for seven years. Suite 220 All Rights Reserved. The project was funded by Indian financial institutions and the ECB. Tempe, Arizona white page directory listings include full name, phone number and address. EOUK had agreed to an accelerated schedule to make this payment. White Pages - Find People In | Addresses Email address: SSTAdvising@asu.edu / SSTGradAdvising@asu.edu Phone: 480-965-7682 Location: Advising offices are located in 777 Novus, Suite . 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. Essars energy transition strategy is based on five principles: running the core Stanlow refining processes as efficiently and safely as possible; decarbonising Stanlows operations; building a hydrogen future through the launch of Vertex Hydrogen (Vertex) and as a key part of the HyNet consortium; developing green fuels (including Sustainable Aviation Fuels); and establishing the UKs largest biofuels storage facility through Stanlow Terminals Limited. He has also advised boards and management on major transactions in 34 countries. Since 2010, some of the pioneering investments were proactively monetised for an enterprise value of US$ 40 bn through large transactions with foreign and Indian entities. 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. Stanlow Manufacturing Complex, Essar was founded in 1969 by his father, Shashi Ruia and uncle Ravi Ruia. Prashant is part of the second generation of the Ruia family that founded Essar. 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. It had a fleet of over 100 vehicles of varying capacities. Earlier this year, it announced its participation in production of blue hydrogen under the HyNet project. Hutchison Essars subscriber base, too, has risen from 1,50,000 to 28 million. Left with no option, Essar was forced to default on the FRN loan, despite having made concrete plans for refinancing. 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. Ravi Ruia belongs to the generation of industrialists who have played a significant role in leading Indias industrial renaissance. REUTERS/Phil Noble LONDON, Nov 30 (Reuters) - Essar Oil UK said on Wednesday it planned. Suite 220 Sanjay Palve is the Sr. 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. 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. He is respected for his project execution skills, financial expertise and people management capabilities. Our ambition is to become a leading low carbon refinery. In addition to outside contracts, it executed all of Essars internal projects. Because of Essars experience in marine construction projects, the shipping business was a natural extension. Until then, only foreign construction companies would undertake a project of this magnitude and complexity. 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. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. As a result of that work over the past few months, EOUK has $1.1bn [800m] in liquidity secured. He was appointed as MD & CEO of Essar Shipping, Ports & Logistics Limited in 2010. 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. Vessel handling, product discharge, processing, blending and more, Connectivity Solutions He established PetroFina in India and was part of the team that launched Gulf Oil in India post opening up of the market. His experience spans several sectors including mining and natural resources, telecommunications, business process outsourcing, infrastructure, healthcare and manufacturing. Having started his career with HPCL, he worked with National Oil Nigeria, Reliance Industries Ltd., TotalFinaELF and Gulf Oil India. 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. 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. All companies under the TTP have been given until January 2022 to meet their commitments. 925.730.0150. 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. Madhu Vuppuluri is the Operating Partner, Metals & Mining, Essar Capital. Contact Us. Legal Disclaimer and Terms and Conditions of Usage, This website uses cookies or similar technologies, to enhance your browsing experience and provide personalized recommendations. Essar also entered the power and telecom sectors as and when they were opened up to private participation. The refinery plays a strategic role in the UK economy, supplying 16% of all road transport fuels. Mr Naushad Ansari is Managing Director, Business Development, at Essar Capital. Workers at Stanlow oil refinery refuse to unload cargo of Russian oil Essar is investing to make our refinery at Stanlow, the UKs first low carbon refinery. Essar Logistics took care of the movement of cargo, generated by Essar Steel and Essar Oil, by road. So Essar set up steel manufacturing facilities at Hazira with the objective of gaining value addition. This debt was refinanced later when the government set up the Power Finance Corporation. Essar Constructions grew its activities considerably over the years. Viral has held key leadership positions at Vedanta Resources Plc, CIMB Securities/ Royal Bank of Scotland, Warburg Pincus, Citigroup, and Credit Suisse. 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 Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. Stanlow Oil Refinery - Wikipedia 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. Essar Group to invest $3.6bn in low carbon energy in UK and India 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. All these activities were consolidated under Essar Shipping and Logistics Limited. 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. 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 Oil UK and Fulcrum BioEnergy reveal SAF plant plans 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. It owned 11 land rigs, one offshore rig and a drill ship. Vertex Hydrogen - Building a low carbon future Work on the refinery began in 1994, and by 1995, the necessary funding was in place. Essar Global Fund invests, builds and nurtures a portfolio of world-class companies through Essar Capital, its investment manager. He is a part of the Management Committee of Essar Capital. Rahul Taneja is the Managing Director, Human Capital at Essar Capital. Retrieved 30 March 2012. In addition, SAF produced at the site offers a 90% reduction in particulates, which may benefit local air quality in and around airports. Top-lines crashed, while interest rates were at their highest ever (Prime Lending Rates had touched 17 percent). 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. It still owes 223m, and was reportedly due to start repayments this week. He joined Essar as CEO Retail in the year 2010. Stanlow also plays an important part in Britains petrochemical industry, providing feedstocks such as toluene, propylene and ethylbenzene. Unlike other fuel technologies currently being considered by industry, the use of SAF does not require changes to aircraft, engines, or airport infrastructure. It that happened, the refinery would be likely to be taken on by the official receiver, to keep the refinery running. Box 2260 Tempe, Arizona 85280-2260 For all other mailing needs: ASU Foundation P.O. 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. Thangapandian Srinivasalu currently serves as the Advisor for investments in the Energy sector at Essar Capital. All of its portfolio companies share the Funds ESG centric value system, reflecting the philosophy of placing people before profit. Essar Stanlow's top supplier is Refined Technologies with 17 shipments. Mahalaxmi, This prompted Essar to start manufacturing sponge iron. Mr Sogani helps manage Essar Capital investments in the portfolio companies of metals & mining sector. 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. The company received underwriting commitments from Chase and Lehman Brothers. 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. When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. Essar Capital Limited (Essar Capital) is the investment manager of Essar Global Fund Limited (EGFL). Contact Us | ASU Foundation The 1980s: Supporting Indias nascent exploration sector. Tempe, Arizona white page directory listings include full name, phone number and address. There was an FCCB (Foreign Currency Convertible Bonds) component that needed to be raised abroad in the latter half of 1998. Box 2260 Tempe, Arizona 85280-2260 To visit us on site: ASU Fulton Center 300 E. University Drive Tempe, AZ . A fleet of 13 onshore rigs and a semi-submersible rig were deployed with clients in India and abroad. 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 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. 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. 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. Purchasing and Supplier Management (PSM) enquiry, 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. All Rights Reserved. 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. 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. Firdose Coovadia is an Advisor, Metals & Mining, at Essar Capital. The 45 million furnace is the first of its kind in the UK, capable of running on a 100% hydrogen source and will replace three existing furnaces at Stanlow. Marg, Mahalaxmi, Mumbai - 400034 Maharashtra, India. 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. 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. Stanlow, 15th February, 2021. Essar began the process of refinancing one year in advance, in May 1998. The ambitious plan sets firm foundations to accelerate the UK's path to net zero while transforming the economy, boosting employment and delivering growth. 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. With has a nameplate capacity of 296,000 barrels of oil a day, it is responsible for about one sixth of the UK's petrol supply. 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. Prior to being the Managing Director at Essar Capital, Rakesh has been at leadership positions in Essar Ports. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. India Salaya Vizag Stanlow. Stanlow oil refinery 'on brink of collapse' as crisis talks continue Essar became the first Indian company to operate in the waters of the Atlantic. Object reference not set to an instance of an object. Essar Constructions executed pipe laying contracts for all the major oil companies in India, and drinking water pipelines in Gujarat, Tamilnadu and Rajasthan. 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. 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. The sponge iron plant became a hugely successful venture. His entrepreneurial abilities have enabled the Essar Global portfolio of companies to become one of the leading names in global industry. This brought down the capital cost per tonne of steel, which helped reduce overall cost of production. Our sights are firmly set on helping to drive the UK's decarbonisation strategy. The takeover of SCGL has enabled Essar to widen its product base and cater to a larger segment of industries. 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. Fulcrum is currently commissioning the world's first commercial waste-to-transportation fuels plant, located in the United States. When commercial production began in 1996, this had fallen to USD 380 per tonne. ESSAR OIL (UK) LIMITED - Find and update company information What started out with an initial investment of USD 800 million had reached a valuation of USD18.8 billion in just six years. Essar Group on Monday announced a fresh investment of $3.6 billion in setting up an Essar Energy Transition (EET) to spearhead green energy transition projects in the UK and India. Essar replaced Swiss PTT with Hutchison as partner. 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. 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. Our DNA is to invest with spirit of an entrepreneur, build assets with the passion of an owner and manage businesses with the discipline of a professional. Along with brother Ravi, Shashi Ruia laid the foundation of Essar and spearheaded its business strategy, diversification and growth. 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. 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. Essar Oil UK to build $430 mln carbon capture facility at Stanlow 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. 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 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. Anshuman Ruia is known for his financial expertise and project execution skills. Registered office address The Administration Building 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB Company status Active Company type Private limited Company. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. Low carbon project at Stanlow secures Government backing - Essar Having completed his law degree from the University of Leeds, United Kingdom, Andrew has over 25 years of rich experience. 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. Over the last five years, EGFL has rebalanced its portfolio by strategically monetising some of the world class assets and businesses built by Essar, which has an entrepreneurial track record of 50 years. 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. 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. You may not use any information obtained from Intelius for any purpose covered by the FCRA. 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. By continuing to use our website, you agree to our Privacy Policy Accept, Dedicated marine import capability to tankage. Essar negotiated with the FRN holders for a one-time settlement and refinanced its entire rupee debt at a lower cost. 11, K.K. Refinery workers refuse to deal with ship carrying Russian oil
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