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 . As the world comes together to develop innovative ways of generating sustainable energy the supporting storage and transportation infrastructure needs to evolve. Name Address Address(maps) LinkedIn Alibaba AliExpress Global Sources Want to send an RFI or RFQ to this supplier? In this business, too, Essar kept refinancing the debt to reduce finance costs. 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. 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. All these projects helped transform Essar Constructions into a leading EPC contractor. Moreover, the quality of scrap was also not always up to the mark. Jatinder Mehra is the Vice Chairman & Operating Partner of Essar Capital. 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 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. All these activities were consolidated under Essar Shipping and Logistics Limited. Hutchison Essars subscriber base, too, has risen from 1,50,000 to 28 million. 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. Kailash Daultani currently serves as the Managing Director, Treasury and Finance, at Essar Capital. Stanlow, 15th February, 2021. He has played an integral role in many landmark private equity transactions and has also managed many regional and global private equity funds. 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 Fulcrum venture will complement Essar's wider plans to build a green energy industrial cluster at the Stanlow site. After achieving success and recognition in India, the Company was now poised to venture overseas. He joined Burmah Shell in 1957, also known as Bharat Petroleum Corporation Ltd after it was nationalised, and retired from it as director marketing. Essar became the first Indian company to operate in the waters of the Atlantic. Vice Chairman & Operating Partner, Metals & Mining, Operating Parter, Infrastructure, MD & CEO, Essar Ports, Sr. Box 2260 Tempe, Arizona 85280-2260 To visit us on site: ASU Fulton Center 300 E. University Drive Tempe, AZ . Recently, he was also awarded Business Leader of the Year in the NBFC segment by ET Now. He holds a BA (Hons) in Economics and a Masters in Investment and Finance. 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. Mr Rajiv Gujjalu serves as Director Essar Global Fund Limited (EGFL). Sunil is also the President of Wind Independent Power Producers Association. Essar Capital Limited (Essar Capital) is the investment manager of Essar Global Fund Limited (EGFL). This was not sufficient for the business to achieve and sustain long-term growth. Strategic investments in setting up world-class facilities in Steel, Power, Ports, Oil and Gas. 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. Mr Sogani helps manage Essar Capital investments in the portfolio companies of metals & mining sector. 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. Vikash is also a member of the Management Committee of Essar Capital. 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. 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. 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. 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. He is an experienced professional and an industry veteran, with 33 years experience with Tata Steel and 11 years with Jindal Steel & Power. 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. Utilising our strong geographical position and experience in the energy sector, we are providing delivery solutions based on the ability to safely handle energy products to meet the needs of todays society and tomorrows society. 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. When Essar conceived the project, international steel prices were in the region of USD 450 per tonne. 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. 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. His strength lies in leading new business development opportunities and conducting preliminary due diligence and analysis of emergent companies and partners. Low carbon hydrogen will be produced at the Stanlow Manufacturing Complex located in Ellesmere Port, Cheshire. Fulcrum is currently commissioning the world's first commercial waste-to-transportation fuels plant, located in the United States. He has also advised boards and management on major transactions in 34 countries. Viral has held key leadership positions at Vedanta Resources Plc, CIMB Securities/ Royal Bank of Scotland, Warburg Pincus, Citigroup, and Credit Suisse. 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. Firdose has extensive experience in emerging markets, having been involved in advising governments, parastatals and companies in Africa, India, Europe and the Middle East. White Pages - Find People In | Addresses Essar Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. Registered office address The Administration Building 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB Company status Active Company type Private limited Company. 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. Essar To Build UK'S First Refinery-based Hydrogen Furnace in 45 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. India in those days had secondary steel makers who used imported scrap to produce steel. The project, which will fully integrate Essar, Stanlow Terminals Limited and Fulcrum assets and technology, is part of a number of innovative solutions at Stanlow designed to cut carbon emissions and contribute to the UK Government's Ten Point Plan for a Green Industrial Revolution. With over 15 years of experience in diverse fields including media & publishing, corporate communications. The construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. Vertex Hydrogen is a joint venture between Essar Oil UK and Progressive Energy. Mumbai - 400034 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. Vertex's low carbon hydrogen production plant will be a core part of the HyNet low carbon cluster. 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. Essar replaced Swiss PTT with Hutchison as partner. Doaa AboulThomas AbbottSusan AdamsEmilio AbundioBorzu AfshariRay AdamsAnn Addington, Mesa, AZPhoenix, AZChandler, AZScottsdale, AZGilbert, AZ. Steel: The uncertainties of a cyclical business. Having completed his law degree from the University of Leeds, United Kingdom, Andrew has over 25 years of rich experience. Within 18 months after work resumed, Essar began commissioning the refinery in phases. Essar Group bets $3.6 billion on decarbonisation in India and UK 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. 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. 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. Essar then acquired licenses for Eastern UP, Rajasthan, Haryana and Punjab. Essar also reentered the contract drilling services business after a hiatus of three years. Essar JV to build UK's largest hydrogen hub 2 min read . He also ensures the successful delivery of the organisations corporate and business plans and desired outcomes. 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. When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. 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. This has improved the quality of the ore and reduced the transportation cost. Correspondence address Essar Oil (uk) Limited, Lansdowne House - 2nd Floor East, Berkeley Square, London, England, W1J 6ER . The company began its operations with the construction of an outer breakwater in Chennai port, an order worth Rs 2.5 crore. Last month Essar Oil UK announced its participation in the production of blue hydrogen under the HyNet project. In addition, Fulcrum NorthPoint was awarded a grant by the UK Government Department for Transport. For Essar's Stanlow Terminals Limited, this is a breakthrough deal to provide dedicated tank capacity for the storage and blending of fuel products from Fulcrum NorthPoint. In addition, SAF produced at the site offers a 90% reduction in particulates, which may benefit local air quality in and around airports. 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. At Stanlow Terminals, we pride ourselves on being flexible to our customers' needs, with a market leading storage offering. A slew of projects in each of these businesses were initiated in the 1990s when the Indian economy was booming. 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. Essar Energy enters into agreement to buy Royal Dutch Shell's Stanlow refinery for US$350 million. Operating Parter, Infrastructure & MD & CEO, Essar Ports. Both these factors led to a stoppage of work at the refinery, The Mid-2000s: Resurrecting the Essar Oil Refinery. Essar House, Marg, Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk, Original reporting and incisive analysis, direct from the Guardian every morning. Prior to joining Essar, he was the CEO of Religare Finvest Limited (RFL) and the Managing Director of Religare Housing Development Finance Corporation (RHDCL). Not one to lag behind, Essar seized every opportunity that came its way. He established PetroFina in India and was part of the team that launched Gulf Oil in India post opening up of the market. For SBI, the proposal posed a real challenge since it involved a first-of-its-kind transaction for the bank as well! The UK's second biggest oil refinery is locked in talks with tax officials over a deferred tax bill amid reports that it could be on the brink of collapse. as panic buying hits forecourts across the country. The company's spirited involvement in community service . This landmark development supports our long term sustainability ambition to deliver the energy solutions of the future and position Stanlow as the UK's leading sustainable aviation fuel hub. epl.secretarial . Together, these initiatives will help diversify the refinery in a greener direction, and help achieve the UK's decarbonisation goals. Essar Ports | Stanlow Bulk Terminals Ltd He joined Essar as CEO Retail in the year 2010. Located near Ellesmere Port in north west England, the Stanlow refinery is the second largest in the UK. Around this time, Bombay High had just started producing oil, which needed to be transported onshore. 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. and more than 70 percent of its shipping revenues came from international operations. 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. Realising the need to be a niche player in the global transportation industry, Essar drew up a plan to be a complete logistics solution provider. 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. Essar to Invest $1 Billion into Two Blue Hydrogen Plants in the U.K. By continuing to use our website, you agree to our Privacy Policy Accept, Dedicated marine import capability to tankage. Essar Oil UK and Fulcrum BioEnergy reveal SAF plant plans An offering that prides itself in the highest levels of safety to protect our people, your people and the communities we operate in. The remainder of our products leave via the Manchester Ship canal, The energy recovery plant processes both liquid and solid waste and is capable of generating 350 tonnes of steam every day for refinery use, Products manufactured by chemicals produced at Stanlow are used in the manufacture offoams for furniture and bedding, artificial sports tracks, ski suits and waterproof leisure wear. Physical location: 777 Novus, Suite 310AA, Tempe, AZ 85287-4308 Building: Novus Tower, Tempe Campus Mailing address: P.O. Email. The Fair Credit Reporting Act ("FCRA") is a federal law that promotes the accuracy, fairness and privacy of information in the files of consumer reporting agencies. The experience in contract drilling prompted the Group to venture into the upstream in the Oil sectori.e. Email address: SSTAdvising@asu.edu / SSTGradAdvising@asu.edu Phone: 480-965-7682 Location: Advising offices are located in 777 Novus, Suite . The Late 1980s: Foray into core sector manufacturing. You may not use any information obtained from Intelius for any purpose covered by the FCRA. M: +44 (0)7805 854 169 E: ian.cotton@essaroil.co.uk . Inside the Plant At a Glance. It still owes 223m, and was reportedly due to start repayments this week. They primarily export from United States with 17 shipments . Northampton Diesel 121.98 ppl, PU10 114.89 ppl. Our latest List Price, effective from 2nd March, for Ex Rack sales is as follows. Being the largest independent means we can move quickly to meet your bulk liquid storage needs, Unique Refinery Access Plant owner Essar is also investing in a . The plant has a high availability factor of 99 percent. The Stanlow refinery supplies about a sixth of the UKs road fuel. 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. It monitors and manages the entire portfolio of investments owned by EGFL. Essar Global Fund invests, builds and nurtures a portfolio of world-class companies through Essar Capital, its investment manager. Essar Site. 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. Now, Essar is all set to team up with the new JV partner Vodafone to take growth to the next level. Madhu Vuppuluri is the Operating Partner, Metals & Mining, Essar Capital. Essar continues to be the largest Indian exporter of flat steel. Contact Us. All Rights Reserved. Essar Oil UK, which operates Stanlow Refinery, and Fulcrum BioEnergy, based in California, US, have teamed up with Stanlow Terminals to develop the . At the same time, the 8 MTPA iron ore beneficiation plant at Bailadila and the 267-km slurry pipeline were completed. Rewants global exposure, fresh perspectives and arc of activities has contributed to Essars strategy and operations in the mining, steel and retail sectors both in India and abroad. Prior to Essar, he has worked with Archean Group as Group President, and with SIVA group as CEO for about 15 years. Workers at Stanlow oil refinery refuse to unload cargo of Russian oil 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. 20 August 2011. Alok Gupta is the Operating Partner, Technology & Retail, at Essar Capital. 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. Essar Energy, which owns the Stanlow oil refinery in Ellesmere Port, Cheshire, is negotiating with HM Revenue and Customs (HMRC) over a 223m VAT payment, delayed because of the pandemic. He has over 25 years of work experience in the field of M&A and Transactions. Stanlow Terminals Limited Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4BD United Kingdom . 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. Legal Disclaimer and Terms and Conditions of Usage, This website uses cookies or similar technologies, to enhance your browsing experience and provide personalized recommendations. In those early days of the telecom boom in India, effective policies were lacking and private telecom businesses were faced with several problems. Mr Viral Gathani is the Managing Director, Finance, Energy, at Essar Capital. 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. Vessel handling, product discharge, processing, blending and more, Connectivity Solutions Investing in an end-to-end logistics infrastructure. Stanlow Terminals to provide storage for UK SAF plant 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. Essar Constructions executed pipe laying contracts for all the major oil companies in India, and drinking water pipelines in Gujarat, Tamilnadu and Rajasthan. By 2006, all the circles were under one umbrellaHutchison Essar Limited. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. Contact information for Essar companies in India and worldwide . All Rights Reserved. About Our Company - Essar The steel generation capacity at the Hazira plant was raised from 2 MTPA to 2.4 MTPA through de-bottlenecking. The aim was to build a diverse fleet that could help hedge any downturns in the business. 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. 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. 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. 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. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. He has held several leadership positions at Adani Group, Larson & Toubro Ltd, Binani Industries Ltd. amongst others. He also served as a member on the Boards of Bharat Shell, and was the managing director of Bharat Oman Refineries Ltd. After a brief stint with Reliance Industries as its advisor, Varma joined Essar Oil as its CEO, Marketing, in 1999. 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. Founded in 2007, Fulcrum BioEnergy, Inc. has developed a proprietary process, using commercially proven technology, to convert waste that would otherwise be landfilled or incinerated, into low-carbon, ultra clean burning liquid transportation fuels (Fulcrum FuelTM). Once complete in 2027, the plant will eliminate an estimated 0.81 million tons of CO2 per year the equivalent of taking 400,000 cars off the road, eliminating nearly 40% of all Stanlow emissions. B.C. 4900 Hopyard Road Contact us - Essar When commercial production began in 1996, this had fallen to USD 380 per tonne. The Essar Group was established by Mr. Shashi Ruia and Mr. Ravi Ruia in 1969, in South India. Shashi Ruia began his career in the family business in 1965 under the guidance of his father, the late Nand Kishore Ruia. 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. 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. ESSAR OIL (UK) LIMITED - Find and update company information 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. Scrap prices were volatile and had to be purchased with precious foreign exchange. 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. He also worked at Essar Oil Limited, India, as CEO Marketing & IST, and was responsible for Retail Sales, Direct Sales, Retail Network Expansion, Sourcing Crude, Trading of Petroleum Products and Supply & Distribution in India and Kenya. Essar Constructions grew its activities considerably over the years. This is equivalent to the domestic heating energy used by a major British city region, such as Liverpool. He is respected for his project execution skills, financial expertise and people management capabilities. 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. Dockers at Stanlow refinery in Cheshire have refused to unload a shipment of Russian oil. Left with no option, Essar was forced to default on the FRN loan, despite having made concrete plans for refinancing. Essar merged these circles into Hutchison Essar to create a telecom major. Bespoke sustainable solutions to suit logistics and supply chain requirements.