essar stanlow address
Last month Essar Oil UK announced its participation in the production of blue hydrogen under the HyNet project. Stanlow, 15th February, 2021. 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. Managing Director, Finance, Infra, Tech & Retail, at Essar Capital. With eight jetties offering import and export of bulk liquids, marine access to terminals at Tranmere and Stanlow, one of Europe's largest road terminals, excellent links to the UK's motorway network and direct connections into the UK's Oil and Fuel Pipelines, STL offers unrivalled connectivity. Andrew Wright is the Managing Director, Legal, at Essar Capital. 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. The FRNs were due for refinancing in 1999, the year that marked the end of the five-year term. He brings with him 39 years of experience, and has extensive experience in the renewable energy sector. 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. Vertex is developing the first large scale, low carbon hydrogen production hub in the UK, as part of the HyNet cluster (www.hynet.co.uk). At that price, steel plant operations were simply unsustainable. Essar is investing to make our refinery at Stanlow, the UK's first low carbon refinery. She has more than 23 years of experience in Human Resources, having worked across industries like Manufacturing, Pharma, IT and Retail. Essar Constructions grew its activities considerably over the years. 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. Essar Oil (UK) Limited 2021. He would be responsible for advising and leading the company with regards all investments and opportunities in the metals & mining sector. The aim was to build a diverse fleet that could help hedge any downturns in the business. 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. 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. Worse was to follow. A slew of projects in each of these businesses were initiated in the 1990s when the Indian economy was booming. 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. Sponge iron generation capacity was also increased to 5.5 MTPA. 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. Essar Oil UK (EOUK) used the governments pandemic VAT deferral scheme last year, which allowed businesses to delay tax repayments. Around this time, Bombay High had just started producing oil, which needed to be transported onshore. Copyright 2023 Essar. 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. Stanlows reconfigured and optimised single train operation delivers significant upgrading capability and produces an above average proportion of middle distillates, principally diesel and jet fuel, helping to addressthe significant and growing deficit in the UK and Europe. 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. 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. Essar began the process of refinancing one year in advance, in May 1998. Essar to make 1.98bn energy transition investment | Zenoot Earlier this year, it announced its participation in production of blue hydrogen under the HyNet project. Tempe, Arizona white page directory listings include full name, phone number and address. Additionally, he has held leadership positions at IAA Healthcare, Metropolitan Insurance, CIM Global Business, CIM Asset Management, Ireland Blyth Limited and HSBC respectively. As a core part of the HyNet cluster, Essar's Stanlow site already plays a prominent role in the UK's energy transition planning framework, following the selection of HyNet by the UK government in . All these measures have made Essar Steel, the largest integrated steel producer on Indias west coast and one of the largest producers of flat steel in the country. Fears for future of Stanlow oil refinery amid urgent financing talks In addition, Fulcrum NorthPoint was awarded a grant by the UK Government Department for Transport. The experience in contract drilling prompted the Group to venture into the upstream in the Oil sectori.e. India in those days had secondary steel makers who used imported scrap to produce steel. At Hazira, a deep draft berth and shipping channel was constructed to enhance the cargo handling capacity by bringing larger vessels alongside the berth. He has played an integral role in many landmark private equity transactions and has also managed many regional and global private equity funds. Prior to joining Essar, he was the CEO of Religare Finvest Limited (RFL) and the Managing Director of Religare Housing Development Finance Corporation (RHDCL). Contact us | Essar Oil Uk CH65 4BD, United Kingdom, UKs Largest EGFL is now poised to transition its existing assets towards a greener economy and invest in businesses which will transform sector landscapes from carbon to a clean energy ecosystem. Stanlow. Low carbon hydrogen will be produced at the Stanlow Manufacturing Complex located in Ellesmere Port, Cheshire. Shashi Ruia began his career in the family business in 1965 under the guidance of his father, the late Nand Kishore Ruia. Sr. Both these factors led to a stoppage of work at the refinery, The Mid-2000s: Resurrecting the Essar Oil Refinery. . 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. Scrap prices were volatile and had to be purchased with precious foreign exchange. 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. School of Social Transformation. The gas will be permanently sequestered into depleted gas fields under the sea in Liverpool Bay, as part of the HyNet cluster infrastructure in the North West of England. Being the largest independent means we can move quickly to meet your bulk liquid storage needs, Unique Refinery Access Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. 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. He is responsible to advise and represent the company for all the legal matters concerning the Energy sector investments and portfolio businesses. It still owes 223m, and was reportedly due to start repayments this week. Correspondence address The Administration Building, 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB . Having completed his law degree from the University of Leeds, United Kingdom, Andrew has over 25 years of rich experience. He joined Essar in early 2000 and has played a key role on strategic investments of Essar in core economy and infrastructure sectors. Essar Oil UK bought the Stanlow refinery at Ellesmere Port from Shell in 2011. He has held key leadership positions at YES Bank Ltd. and ICICI Bank Ltd. epl.secretarial . By continuing to use our website, you agree to our Privacy Policy Accept, Dedicated marine import capability to tankage. Ravi Ruia belongs to the generation of industrialists who have played a significant role in leading Indias industrial renaissance. 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. 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. Contact us - Essar : +91-22- 66601100 Fax: +91-22-66601809 Write to us : Mumbai Essar Equinox Business Park (Peninsula Techno Park), Off Bandra Kurla Complex, 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. Essar Oil UK to build $430 mln carbon capture facility at Stanlow B.C. Essar Oil UK, which is being advised by EY, also insists it has made considerable progress to strengthen its financial position and agree new financing. 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. Work on the refinery was progressing as per schedule till the first quarter of 1998. However, Swiss PTT wanted to shut shop as part of its strategy to exit all Asian operations. When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. In this way, the share of value-added products increased from 35 percent to 70 percent of total production. Regular ferry services connect Stanlow from Liverpool and Holyhead to Ireland, Isle of Man, Northern Ireland and northern Spain. Essar Oil (UK) Limited 2021. Stanlow Terminals Limited Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4BD United Kingdom . 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. It also complements the announcement last month regarding a blue hydrogen development at Stanlow as part of the HyNet project. Strategic investments in setting up world-class facilities in Steel, Power, Ports, Oil and Gas. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking. Left with no option, Essar was forced to default on the FRN loan, despite having made concrete plans for refinancing. Badrinath Durvasula joined Essar as the Managing Director, Legal, and oversees and advises the legal function for the Energy, Services & Technology sectors. Pleasanton, CA 94588. 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. Essar Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. Currently, he heads the country operations of Afrocentric Group in Mauritius and is the Managing Director of Medscheme International. Were primed to lead the national charge in the development of changing energy infrastructure and create the UKs first sustainable energy hub. Legal Disclaimer and Terms and Conditions of Usage, This website uses cookies or similar technologies, to enhance your browsing experience and provide personalized recommendations. Subsequent to the HyGrade takeover, the pellet making capacity was enhanced to 8 MTPA. Essars Indian lenders refused to bail the company out. All of its portfolio companies share the Funds ESG centric value system, reflecting the philosophy of placing people before profit. Vessel handling, product discharge, processing, blending and more, Connectivity Solutions . He plays a key role in managing strategic functions of EGFL. His academic research paper on Sustainability and Renewable Consumption Obligation has been presented at forums of international repute. Prior to Essar, he was the CEO & Executive Director of Hero Future Energies Pvt Ltd. Suite 220 Around the mid-1980s, the Government also opened up the contract drilling business to Indian private companies. Essar Oil UK to build 360 million carbon capture facility to deliver He Joined Essar in 1997 as COO in Essar Telecom and was the Executive Director of Essar Shipping Limited from 1998-2002. 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. Together, these initiatives will help diversify the refinery in a greener direction, and help achieve the UK's decarbonisation goals. 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. Hazira was also the land fall point for gas from the Bassein gas field in Bombay High. Contact Us | ASU Foundation He also has rich experience in leading change management, cultural transformation, organisational redesign and restructuring. For SBI, the proposal posed a real challenge since it involved a first-of-its-kind transaction for the bank as well! Eventually, the loan was sanctioned, with a repayment structure that was unique for its time. 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. Essar Logistics took care of the movement of cargo, generated by Essar Steel and Essar Oil, by road. 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. 4900 Hopyard Road Essar Ports is both a people-driven and people-centric organisation. 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. Thangapandian Srinivasalu currently serves as the Advisor for investments in the Energy sector at Essar Capital. 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. 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. With over 32 years of work experience in the technological sector, Alok leads all new capital investment recommendations to the companys board. 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. If you would like a quote for delivery . Crude oil is supplied to the refinery via a 15 mile pipeline from the companys Tranmere facility further downstream in the Mersey Estuary. He has worked as an Economic Advisor, and the principal economic policy maker at the state level for seven years. As a result, while most shipping companies in India were making losses in the 80s, Essar was reaping profits. One of Essars strengths has been its ability to invest in businesses that have the potential for growth and its strategy to diversify as a hedge against cyclicality. Rajiv was awarded the designation of Canadian Investment Manager by the Canadian Securities Institute in 2006. Essar is building assets & creating value in new promising markets right from services to retail in India and internationally. In early 2005, Essar restructured the balance sheet and work resumed with renewed vigor on completing the refinery project. However, Essars chosen policy was to get into areas of import substitution, high technology and national importance. A general view of Essar Oil UK's Stanlow oil refinery near Ellesmere Port, Britain, September 27, 2021. 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. 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. Simultaneously, global steel prices started tumbling and reached a historic low of USD 180 per tonne. Choose Additional Cities in Arizona by Selecting the First Letter of the City. 925.730.0150. 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. EOUK had agreed to an accelerated schedule to make this payment. The company approached State Bank of India (SBI), a leading public sector bank in India, for a loan. 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. He holds a BA (Hons) in Economics and a Masters in Investment and Finance. 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. 2023 PeopleConnect, Inc. d/b/a Addresses.com. 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. In this business, too, Essar kept refinancing the debt to reduce finance costs. 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.. Today, the Hazira power plant has two power purchase agreementsone with the Gujarat State Electricity Board and the second with Essar Steel. info@fulcrum-bioenergy.com . Kailash Daultani currently serves as the Managing Director, Treasury and Finance, at Essar Capital. 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) 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. 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. The Stanlow refinery supplies about a sixth of the UKs road fuel. As the world comes together to develop innovative ways of generating sustainable energy the supporting storage and transportation infrastructure needs to evolve. He is on the Boards of World Steel Association, and the Metals & Mining and Energy industry Committee of the World Economic Forum. 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. Sunil Jain is the Operating Partner for Energy transitions. The steel generation capacity at the Hazira plant was raised from 2 MTPA to 2.4 MTPA through de-bottlenecking. In order to improve the efficiency, Essar Steel bought Stemcors 51 percent stake in HyGrade Pellets Limited, the pellet making venture of Essar. Mr Deepak Sogani joined ESSAR in August 2020 as Managing Director Finance, Essar Capital, the investment manager for Essar Global Fund Limited (EGFL). He was chairman and chief executive of J&K Bank for five years. Physical location: 777 Novus, Suite 310AA, Tempe, AZ 85287-4308 Building: Novus Tower, Tempe Campus Mailing address: P.O. 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. All Rights Reserved. Alok Gupta is the Operating Partner, Technology & Retail, at Essar Capital. Now, Essar is all set to team up with the new JV partner Vodafone to take growth to the next level. He is a strong business development professional with a Mechanical Engineering Degree from Aligarh Muslim University. This has improved the quality of the ore and reduced the transportation cost. Six business areas in the core sectorConstruction, Shipping, Steel, Power, Oil & Gas, and Telecommunicationswere identified as growth drivers for the Group. Essar JV to build UK's largest hydrogen hub 2 min read . Name Address Address(maps) LinkedIn Alibaba AliExpress Global Sources Want to send an RFI or RFQ to this supplier? Stanlow has 800 employees, and is a key strategic national asset, annually producing over 16% of the UKs road transport fuels, while playing a key role in Britains broader petrochemical industry. 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. Essar is already making rapid progress against its broader decarbonisation targets. 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. 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. In September, EOUK announced it had signed a Heads of Terms offtake agreement with Vertex, a joint venture with Progressive Energy, for the supply of 280MW+ of hydrogen. Prashant holds key positions on several prestigious regulatory and professional boards. Refinery workers refuse to deal with ship carrying Russian oil Pleasanton, CA 94588. Essar Ports Similarly, Essar Bulk Terminal was set up to create bulk terminal facilities at Hazira and other ports. He is respected for his project execution skills, financial expertise and people management capabilities. 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 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. 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. In addition, SAF produced at the site offers a 90% reduction in particulates, which may benefit local air quality in and around airports. Correspondence address Essar Oil (uk) Limited, Lansdowne House - 2nd Floor East, Berkeley Square, London, England, W1J 6ER . Being one of the low-cost steel producers, Essar managed to make operating 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. 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. The combined cycle power plant was state-of-the-art and was capable of using multi fuel with technology from General Electric, Hanjung and Siemens. But this was not sufficient to meet its debt obligations. Prior to joining Essar, he was the Vice President and General Counsel at Hindustan Construction Company Ltd. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. Apollo in talks with Stanlow refinery owner amid dash for cash 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. Box 2260 Tempe, Arizona 85280-2260 To visit us on site: ASU Fulton Center 300 E. University Drive Tempe, AZ . Intelius reports cannot be used for background checks related to consumer credit, insurance, employment, housing or any other purpose prohibited under the FCRA. 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. After achieving success and recognition in India, the Company was now poised to venture overseas. Essar To Build UK'S First Refinery-based Hydrogen Furnace in 45 Bespoke sustainable solutions to suit logistics and supply chain requirements. As Fulcrum's first facility in the United Kingdom, NorthPoint will be located at the Essar Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. Even during the downturn in the shipping industry, Essar Shipping registered profits. Prior to Essar, he has worked with Archean Group as Group President, and with SIVA group as CEO for about 15 years. Rakesh Kankanala is the Managing Director, Managing Director, M&A, Infrastructure, of Essar Capital. . Address. 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 1980s: Supporting Indias nascent exploration sector. Ian Cotton, Head of Communications and Community. 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.