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. 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. 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. 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. Mahalaxmi, Essar Global Fund invests, builds and nurtures a portfolio of world-class companies through Essar Capital, its investment manager. The Manchester Ship Canal that connects Liverpool to Manchester also provides further hinterland water connection to North West UK. In addition, SAF produced at the site offers a 90% reduction in particulates, which may benefit local air quality in and around airports. Srinivasan Vaidyanathan is the Operating Partner, Technology & Retail, at Essar Capital. His entrepreneurial abilities have enabled the Essar Global portfolio of companies to become one of the leading names in global industry. 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. 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. Earlier this year, it announced its participation in production of blue hydrogen under the HyNet project. The project, which will see an investment of approximately 600m, will use Fulcrum's proven waste-to-fuel process, which is already being deployed at its pioneering facility outside of Reno, Nevada in the United States, where operations are due to begin later this year. Work on the refinery began in 1994, and by 1995, the necessary funding was in place. Today, the Hazira power plant has two power purchase agreementsone with the Gujarat State Electricity Board and the second with Essar Steel. Essar is investing to make our refinery at Stanlow, the UK's first low carbon refinery. Northampton Diesel 121.98 ppl, PU10 114.89 ppl. With more than 50 years of experience, he guides Essar through transformations, manages operating functions and leads complex projects. 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 Capital Limited (Essar Capital) is the investment manager of Essar Global Fund Limited (EGFL). 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. Our ambition is to become a leading low carbon refinery. There was an FCCB (Foreign Currency Convertible Bonds) component that needed to be raised abroad in the latter half of 1998. 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. Moreover, the quality of scrap was also not always up to the mark. 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. 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. 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. Essar says it is in positive discussions with HMRC for a short extension to its time-to-pay (TTP) arrangement agreed earlier this year, having repaid 547m of the 770m originally deferred. 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.. Shashi Ruia began his career in the family business in 1965 under the guidance of his father, the late Nand Kishore Ruia. He has overseen Essars BPO and Power businesses, Smiti is a self-driven business leader and a true entrepreneur at heart. exploration & productionand downstream, into refining. Essar Logistics took care of the movement of cargo, generated by Essar Steel and Essar Oil, by road. Prior to joining Essar Capital, Vikash was an Executive Director and CEO of SSKI Corporate Finance Ltd, a boutique investment bank specialising in infrastructure financing and advisory. 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. In those early days of the telecom boom in India, effective policies were lacking and private telecom businesses were faced with several problems. Intelius reports cannot be used for background checks related to consumer credit, insurance, employment, housing or any other purpose prohibited under the FCRA. In addition, Fulcrum NorthPoint was awarded a grant by the UK Government Department for Transport. In her earlier stint with Essar, Priya has worked at Senior Management roles, initially with Essar Oil and then as Head International HR (Corporate HR). Scrap prices were volatile and had to be purchased with precious foreign exchange. An MBA from IIM Lucknow, Rakesh is a qualified Engineer from NIT, and brings with him 13 years of experience. 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. 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. . 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. 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. B.C. With over 15 years of experience in diverse fields including media & publishing, corporate communications. Stanlow has a highly efficient distribution capability for refined end products: Essar Oil UK remains the lowest cost supplier into the North West and is highly competitive in supplying adjacent markets. He started his career with Escorts Limited where he worked and grew through various roles of operations and business development. 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. The ambitious plan sets firm foundations to accelerate the UK's path to net zero while transforming the economy, boosting employment and delivering growth. By 2006, all the circles were under one umbrellaHutchison Essar Limited. All of its portfolio companies share the Funds ESG centric value system, reflecting the philosophy of placing people before profit. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. 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. 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. Contact Us. Essar Oil (UK) Limited 2021. All companies under the TTP have been given until January 2022 to meet their commitments. 20 August 2011. 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. 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. The experience in contract drilling prompted the Group to venture into the upstream in the Oil sectori.e. A slew of projects in each of these businesses were initiated in the 1990s when the Indian economy was booming. He was chairman and chief executive of J&K Bank for five years. Try LightSource for your strategic sourcing. Kent plc has been awarded a pre-FEED engineering contract to develop the facility that will take the CO2 emitted from one of Europes largest full-Residue Fluidised Catalytic Cracking units, located at the Stanlow refinery. In this business, too, Essar kept refinancing the debt to reduce finance costs. Essar negotiated with the FRN holders for a one-time settlement and refinanced its entire rupee debt at a lower cost. 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. In 2006, Hutchison, too, decided to exit India. Located near Ellesmere Port in north west England, the Stanlow refinery is the second largest in the UK. Mr Deepak Sogani joined ESSAR in August 2020 as Managing Director Finance, Essar Capital, the investment manager for Essar Global Fund Limited (EGFL). Andrew Wright is the Managing Director, Legal, at Essar Capital. M: +44 (0)7805 854 169 E: ian.cotton@essaroil.co.uk . The Stanlow oil refinery supplies about a sixth of Britains road fuel, and is owned by the billionaire brothers Shashi and Ravi Ruia, through their company Essar Oil UK. Essar continues to be the largest Indian exporter of flat steel. When Essar conceived the project, international steel prices were in the region of USD 450 per tonne. The project was funded by Indian financial institutions and the ECB. Stanlow Diesel 121.87 ppl, PU10 114.81 ppl. Eventually, the loan was sanctioned, with a repayment structure that was unique for its time. 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. Stanlow, 30th November 2022: Essar Oil UK Limited (Essar or the Company) today announces its plan to build a 360 million major new carbon capture plant at its Stanlow refinery in line with its ambition to become a leading low carbon refinery by 2030. 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. info@fulcrum-bioenergy.com . 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. Choose Additional Cities in Arizona by Selecting the First Letter of the City. Essar Site. 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. Essar braced itself for the oncoming challenge. Left with no option, Essar was forced to default on the FRN loan, despite having made concrete plans for refinancing. 4900 Hopyard Road Suite 220 Pleasanton, CA 94588. Essar Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. 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. Ellesmere Port, Cheshire, Were primed to lead the national charge in the development of changing energy infrastructure and create the UKs first sustainable energy hub. In 1999, the government announced a new telecom policy that was more conducive to growth. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. Suite 220 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. However, Essars chosen policy was to get into areas of import substitution, high technology and national importance. REUTERS/Phil Noble LONDON, Nov 30 (Reuters) - Essar Oil UK said on Wednesday it planned. It also complements the announcement last month regarding a blue hydrogen development at Stanlow as part of the HyNet project. Dhanpat Nahata is the General Partner, Strategy and Risk, at Essar Capital. A fleet of 13 onshore rigs and a semi-submersible rig were deployed with clients in India and abroad. 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. 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. This has improved the quality of the ore and reduced the transportation cost. He also has rich experience in leading change management, cultural transformation, organisational redesign and restructuring. He has held key leadership positions at Jindal Steel & Power Ltd, Jet Airways, Essar and Dell international. Hutchison Essars subscriber base, too, has risen from 1,50,000 to 28 million. Fulcrum is currently commissioning the world's first commercial waste-to-transportation fuels plant, located in the United States. Unlike other fuel technologies currently being considered by industry, the use of SAF does not require changes to aircraft, engines, or airport infrastructure. 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. As a result, while most shipping companies in India were making losses in the 80s, Essar was reaping profits. Our latest List Price, effective from 2nd March, for Ex Rack sales is as follows. It is also a major regional employer with over 900 staff, an additional 800 on site contractors and a further 5,000 people employed indirectly through the extended value chain. . 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. 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. Rahul Taneja is the Managing Director, Human Capital at Essar Capital. EOUK had agreed to an accelerated schedule to make this payment. As Fulcrum's first facility in the United Kingdom, NorthPoint will be located at the Essar Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. Registered office address The Administration Building 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB Company status Active Company type Private limited Company. The company is a major supplier in the North West and beyond, with customers including most of the major retail brands operated by international oil . 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. He is a strong business development professional with a Mechanical Engineering Degree from Aligarh Muslim University. 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. Since Essar did not have prior experience in this industry, it roped in Swiss PTT as a joint venture partner. He is responsible for investigation, analysis and assessment of risk, and accordingly design and implement strategies and processes which mitigate these threats. He joined Burmah Shell in 1957, also known as Bharat Petroleum Corporation Ltd after it was nationalised, and retired from it as director marketing. 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. Work on the refinery was progressing as per schedule till the first quarter of 1998. Ensuring your bulk liquid products reach their destinations with ease. 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. He joined Essar as CEO Retail in the year 2010. Prashant is part of the second generation of the Ruia family that founded Essar. Such emission reductions are approximately 70% and have the future potential to be fully carbon neutral. 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 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 Energy locked in negotiations with HMRC over VAT payment delayed because of pandemic. Essar followed up this success, by setting up a pellet plant in Visakhapatnam as part of its backward integration strategy. 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. Prior to joining Essar, he has worked with Caf Coffee Day and UB Spirits. Prior to joining Essar, he was associated with EY as a Partner for 11 years. When commercial production began in 1996, this had fallen to USD 380 per tonne. Essar had contracts with Chevron, Exxon-Mobil, Stat Oil, Shell, etc. 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. 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. Essar is investing over 1 billion into a range of energy efficiency, fuel-switching, and carbon capture initiatives, designed to decarbonise its production processes significantly by 2030 and put Essar at the forefront of the UKs shift to low carbon energy. 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. By 2030, Vertex expects to deliver nearly 4GW of low carbon hydrogen, equivalent to c.40% of the UK Governments national target. Sale to Brookfield Asset Management Company, 10 MTPA integrated steel manufacturing complex. Gifts and Donations to: ASU Foundation Attn:Financial Services P.O. Updated: 27 Jan 2022, 06:04 AM IST Subhash Narayan The UK's first low carbon hydrogen facility at Essar Stanlow will sit at the heart. EGFL has a globally benchmarked robust risk and regulatory framework. 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. Simultaneously, global steel prices started tumbling and reached a historic low of USD 180 per tonne. She has earlier worked with Cipla as Head HR International Business, and has also volunteered with the Akanksha Foundation. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. Pleasanton, CA 94588. 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. At Stanlow Terminals, we pride ourselves on being flexible to our customers' needs, with a market leading storage offering. Vikash is also a member of the Management Committee of Essar Capital. Retrieved 30 March 2012. Raj Varma is an Advisor, at Essar Capital. He was the Chief Executive Officer and Board Member at Essar Oil UK Limited. Just before the issue was launched, India tested the nuclear bomb at Pokhran. In addition to outside contracts, it executed all of Essars internal projects. This prompted Essar to start manufacturing sponge iron. Essar Constructions grew its activities considerably over the years. Managing Director, Finance, Infra, Tech & Retail, at Essar Capital. Essar also entered the power and telecom sectors as and when they were opened up to private participation. 4900 Hopyard Road Suite 220 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. 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. 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. Rahul is a seasoned professional with more than 28 years of experience specialising in areas of recasting HR and business processes, right sizing and cost optimisation. The joint venture company then went about consolidating operations and acquiring various telecom circles. Vikash Saraf is the non-executive director of Essar Capital. 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. Following this maiden contract, Essar bagged projects at every major port in the country, including Tuticorin, Mangalore, Goa, Kakinada and Nhava-Sheva in Mumbai. 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. Low carbon hydrogen will be produced at the Stanlow Manufacturing Complex located in Ellesmere Port, Cheshire. Thus Essar was able to build one of the most valuable telecom companies in the world. In addition to OSVs, it bought Diving Support Vessels and Multi Support Vessels. Both these factors led to a stoppage of work at the refinery, The Mid-2000s: Resurrecting the Essar Oil Refinery. 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. The aim was to build a diverse fleet that could help hedge any downturns in the business. 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. The commissioning was completed in October 1997. 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). This brought down the capital cost per tonne of steel, which helped reduce overall cost of production. He is respected for his project execution skills, financial expertise and people management capabilities. Maharashtra, India, Copyright 2021 All rights reserved Essar Constructions executed pipe laying contracts for all the major oil companies in India, and drinking water pipelines in Gujarat, Tamilnadu and Rajasthan. If you would like a quote for delivery . He would be responsible for advising and leading the company with regards all investments and opportunities in the metals & mining sector.

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