essar stanlow address

This innovative bio-refinery will convert several hundred thousand tonnes of pre-processed waste, which would have otherwise been destined for incineration or landfill, into approximately 100 million litres of low carbon SAF annually. As a result of that work over the past few months, EOUK has $1.1bn [800m] in liquidity secured. In addition, Fulcrum NorthPoint was awarded a grant by the UK Government Department for Transport. Essar will assist with the blending and supply the new SAF to airlines, with Stanlow Terminals Limited providing product storage and logistics solutions for the project under a long-term agreement. Prashant holds key positions on several prestigious regulatory and professional boards. It still owes 223m, and was reportedly due to start repayments this week. Pleasanton, CA 94588. At Hazira, a deep draft berth and shipping channel was constructed to enhance the cargo handling capacity by bringing larger vessels alongside the berth. Essar Group is to invest $3.6bn developing low-carbon energy in the UK and India under the newly formed Essar Energy Transition (EET). 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. 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. According to Essar, the Fulcrum NorthPoint venture will complement Essar's wider plans to build a green energy industrial cluster at the Stanlow site, and will fully integrate Essar, Stanlow Terminals, and Fulcrum assets and technology. : +91-22- 66601100 Fax: +91-22-66601809 Write to us : Mumbai Essar Equinox Business Park (Peninsula Techno Park), Off Bandra Kurla Complex, Scrap prices were volatile and had to be purchased with precious foreign exchange. 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. Fulcrum is currently commissioning the world's first commercial waste-to-transportation fuels plant, located in the United States. 11, K.K. 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 construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. In those early days of the telecom boom in India, effective policies were lacking and private telecom businesses were faced with several problems. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. 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. The promoters could foresee the demand, a vision that paid rich dividends. 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. 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. In addition to outside contracts, it executed all of Essars internal projects. 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. 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. Located near Ellesmere Port in north west England, the Stanlow refinery is the second largest in the UK. 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. . Prior to joining Essar, he has worked with Caf Coffee Day and UB Spirits. He is respected for his project execution skills, financial expertise and people management capabilities. Rakesh Kankanala is the Managing Director, Managing Director, M&A, Infrastructure, of Essar Capital. This is a massive undertaking, but it is a journey we are fully committed to. 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. Acting as director of several client companies, Rajiv is a Fellow member of the Mauritius Institute of Directors since 2012. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. 4900 Hopyard Road Essar continues to be the largest Indian exporter of flat steel. M: +44 (0)7805 854 169 E: ian.cotton@essaroil.co.uk . Mr Naushad Ansari is Managing Director, Business Development, at Essar Capital. The Late 1980s: Foray into core sector manufacturing. Previously Group Director at Gulf Petrochem, he is an oil and gas professional with around 35 years of experience in sales, marketing and trading of petroleum products in India, the Middle East and Nigeria with Public Sector Undertakings, Multi-National Companies and private sector companies. Essar 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. This arrangement was made for two principal reasons: One, Indian financial institutions were not in a position to lend for a longer term; two, raising foreign currency debt beyond five years was not permitted at that time. 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. Around this time, Bombay High had just started producing oil, which needed to be transported onshore. He has held several senior management positions within the financial services industry over the past twenty-two years with experience in stockbroking, investment and treasury management, corporate and fund administration and insurance mainly in Mauritius and Canada. The company approached State Bank of India (SBI), a leading public sector bank in India, for a loan. Andrew Wright is the Managing Director, Legal, at Essar Capital. Essar Oil (UK) Limited 2021. The Stanlow refinery supplies about a sixth of the UKs road fuel. 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. Eventually, the loan was sanctioned, with a repayment structure that was unique for its time. Rajiv was awarded the designation of Canadian Investment Manager by the Canadian Securities Institute in 2006. Dhanpat Nahata is the General Partner, Strategy and Risk, at Essar Capital. Firdose has extensive experience in emerging markets, having been involved in advising governments, parastatals and companies in Africa, India, Europe and the Middle East. Mahalaxmi, 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. Stanlow contributes an estimated 60 million each year to the local economy and will house the UK's first low carbon hydrogen facility. It invested in relevant logistics assets. Ellesmere Port, Cheshire, This is equivalent to the domestic heating energy used by a major British city region, such as Liverpool. 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. Our ambition is to become a leading low carbon refinery. He has a strong professional record in streamlining litigation, M&A, turnkey contract management, IPR, project financing, international arbitration and compliance support. 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. REUTERS/Phil Noble LONDON, Nov 30 (Reuters) - Essar Oil UK said on Wednesday it planned. 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. Media contact. Prior to joining Essar, he was the CEO of Religare Finvest Limited (RFL) and the Managing Director of Religare Housing Development Finance Corporation (RHDCL). By this time, all of Essars businesses had grown significantly and the time had come for managing each business as an independent company. The takeover of SCGL has enabled Essar to widen its product base and cater to a larger segment of industries. He is on the Boards of World Steel Association, and the Metals & Mining and Energy industry Committee of the World Economic Forum. Srinivasan Vaidyanathan is the Operating Partner, Technology & Retail, at Essar Capital. Steel: The uncertainties of a cyclical business. If you would like a quote for delivery . Essar sponsors Indias largest annual junior soccer hunt challenger, Essar pledges to make substantial investment in the state of Odisha, www.essaroil.co.uk/news/uks-first-refinery-based-hydrogen-furnace-arrives-at-essar/, Essars ambition is to be a leading low carbon refinery, with a long-term transformation into a low carbon energy provider, Major driver of carbon reduction will be the construction of a 360 million CO2 Capture Plant, set to start in Q1 2025, with completion in 2027. Again, breaking the tradition of locating manufacturing facilities close to the mines, the Company chose to build the plant at Hazira, a port on the west coast of India. He has held key leadership positions at Jindal Steel & Power Ltd, Jet Airways, Essar and Dell international. All these projects helped transform Essar Constructions into a leading EPC contractor. 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. Dockers at Stanlow refinery in Cheshire have refused to unload a shipment of Russian oil. With 18 years of experience, he has also served as the Senior Vice President, International Projects and Corporate Finance, with Essar Services. He was appointed as MD & CEO of Essar Shipping, Ports & Logistics Limited in 2010. All of its portfolio companies share the Funds ESG centric value system, reflecting the philosophy of placing people before profit. A general view of Essar Oil UK's Stanlow oil refinery near Ellesmere Port, Britain, September 27, 2021. The sponge iron plant became a hugely successful venture. Copyright 2023 Essar. 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. 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. In 2012, he was awarded an excellence award for his contribution to renewable energy and sustainability by the Energy and Environment Foundation. Delivering cleaner/greener energy solutions, Localise the supply chains for the industry, Create logistics network, storage solutions and platforms by leveraging technology, To be the trusted go to technology solution integrator, https://www.essar.com/wp-content/uploads/2021/09/Essar_Corporate_Film.mp4, Provide new environmentally beneficial source of energy in India, Transform Essar Oil UK to become a global benchmark for green refineries, Build a hub for the UKs upcoming hydrogen transformation, Build an energy compliant state-of-the-art steel plant, Provide the lowest cost high grade green iron ore pellet in the United States and India, Enable trade and transport services across the industrial hubs in the west and east coasts of India, Create the largest independent hydrocarbon terminals business in North-West Europe, To architect, deploy, manage and secure the customers IT environment through customised solutions, To integrate intelligent digital networks and platforms, Implementing and managing investments and divestments, Preparing and delivering financial reports of EGFL, Implementing and overseeing appropriate policies and procedures, 1995 First Mover partnership with Hutchison Whampoa and then with Vodafone, Part Sale of Aegis USA Inc. to Teleperformance at $610 million, Sale of 98% stake in Essar Oil to Roseneft, and Trafigura-led consortium. Essar also entered the power and telecom sectors as and when they were opened up to private participation. The development will see Fulcrum, whose parent is based in California, United States, construct, own and operate the plant within Essar's Stanlow Manufacturing Complex in the North West of England. Strategic investments in setting up world-class facilities in Steel, Power, Ports, Oil and Gas. In addition, Essar Oil UK operates an integrated terminal and marine facility at Stanlow and Tranmere on behalf Stanlow Terminals. The experience in contract drilling prompted the Group to venture into the upstream in the Oil sectori.e. He is a part of the Management Committee of Essar Capital. Essars Indian lenders refused to bail the company out. 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. EGFL has a globally benchmarked robust risk and regulatory framework. He has over 25 years of work experience in the field of M&A and Transactions. . 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. Prior to Essar, he was the CEO & Executive Director of Hero Future Energies Pvt Ltd. Within 18 months after work resumed, Essar began commissioning the refinery in phases. He has led natural resources sector businesses for major investment banks globally. . 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. Sale to Brookfield Asset Management Company, 10 MTPA integrated steel manufacturing complex. At the same time, the 8 MTPA iron ore beneficiation plant at Bailadila and the 267-km slurry pipeline were completed. 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. Plans for Fulcrum NorthPoint are expected to be complete at the end of this year and subject to planning consent, will be operational in late 2025. Madhu Vuppuluri is the Operating Partner, Metals & Mining, Essar Capital. As part of the backward integration, a 4 MTPA pellet plant was set up in Visakhapatnam; forward integration was achieved with a 2 MTPA steel plant. 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 . Stanlow Terminals Limited Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4BD United Kingdom . Name Address Address(maps) LinkedIn Alibaba AliExpress Global Sources Want to send an RFI or RFQ to this supplier? He holds a BA (Hons) in Economics and a Masters in Investment and Finance. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address the issue: Increase capacity, move to value-added segments and bring down finance costs. 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. Plant owner Essar is also investing in a . In order to lend stability to the Group, Essar planned to enter manufacturing. He established PetroFina in India and was part of the team that launched Gulf Oil in India post opening up of the market. The FRNs were due for refinancing in 1999, the year that marked the end of the five-year term. Having started his career with HPCL, he worked with National Oil Nigeria, Reliance Industries Ltd., TotalFinaELF and Gulf Oil India. In addition to OSVs, it bought Diving Support Vessels and Multi Support Vessels. 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. It will also utilise direct pipeline access to pump and transport the SAF to UK airports through the Manchester Jet Line and the UK Oil Pipeline network (UKOP). EOUK had agreed to an accelerated schedule to make this payment. He was the Chief Executive Officer and Board Member at Essar Oil UK Limited. Phone. The Essar Group was established by Mr. Shashi Ruia and Mr. Ravi Ruia in 1969, in South India. 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. 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. Essar became the first Indian company to operate in the waters of the Atlantic. 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. Essar House, The pipe laying division of the company was certified at ISO 9002. Essar Constructions grew its activities considerably over the years. School of Social Transformation. Vertex Hydrogen is a joint venture between Essar Oil UK and Progressive Energy. Essar negotiated with the FRN holders for a one-time settlement and refinanced its entire rupee debt at a lower cost. 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. Earlier this year, it announced its participation in production of blue hydrogen under the HyNet project. With over 32 years of work experience in the technological sector, Alok leads all new capital investment recommendations to the companys board. Prashant is part of the second generation of the Ruia family that founded Essar. In this way, the share of value-added products increased from 35 percent to 70 percent of total production. Suite 220 In order to improve the efficiency, Essar Steel bought Stemcors 51 percent stake in HyGrade Pellets Limited, the pellet making venture of Essar.