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. He has also advised boards and management on major transactions in 34 countries. Essar Oil UK Ltd - Code Of Conduct.pdf document - PDF | 4.8MB, Essar Oil UK - Anti-Slavery and Human Trafficking Statement.pdf document - PDF | 85.6KB, Essar Gender Pay Gap 2021.pdf document - PDF | 1.2MB, Tax Strategy Policy.pdf document - PDF | 481.5KB, The Stanlow Terminals Road Terminal which has significant spare capacity which provides supply resilience for the region, A direct connection via the UK Oil Pipeline through to Kingsbury, Northampton and beyond towards London, A pipeline connection to the UKs busiest regional airport at Manchester, Six berths on the Manchester Ship Canal handling export parcels of up to 10,000 tonnes, 4.4 billion litres of diesel every year - enough to drive a car doing 40 mpg 4,000 times around the equator every day, 3billion litres of petrol a year enough to drive a car 20 million times around the world, 2billion litres of jet fuela year enough to fuel 17,000 jumbo jets flying from Manchester to Los Angeles, Stanlow is one of thelargest refineries in Europe covering an area the equivalent of 300 football pitches, The refinery processes up to 9million tonnes of crude every year - thats more than 20,000 litres per minute, Distribution of products from Stanlow is mainly via road and pipeline. Essar continues to be the largest Indian exporter of flat steel. 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. He established PetroFina in India and was part of the team that launched Gulf Oil in India post opening up of the market. Legal Disclaimer and Terms and Conditions of Usage, This website uses cookies or similar technologies, to enhance your browsing experience and provide personalized recommendations. Andrew Wright is the Managing Director, Legal, at Essar Capital. 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. 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. Being the largest independent means we can move quickly to meet your bulk liquid storage needs, Unique Refinery Access 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. Contact information for Essar companies in India and worldwide . 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. Essars Indian lenders refused to bail the company out. As a result, while most shipping companies in India were making losses in the 80s, Essar was reaping profits. Ravi Ruia belongs to the generation of industrialists who have played a significant role in leading Indias industrial renaissance. Patrick Walters, Chief Executive Officer, Stanlow Terminals Limited, said: This landmark announcement of our partnership with Fulcrum after our first year of operations is an excellent example of why Stanlow Terminals Limited was established. It owned 11 land rigs, one offshore rig and a drill ship. Crude oil is supplied to the refinery via a 15 mile pipeline from the companys Tranmere facility further downstream in the Mersey Estuary. Utilising the world class facilities available at Essar, including the impressive jet fuel storage facility at Stanlow Terminals Limited and direct pipeline to UK airports, Fulcrum, along with its current and future investors, will be able to build and operate its facility more efficiently and sets the 'gold standard' for SAF production by fully integrating its new, low carbon fuel technology directly within an existing refinery.Fulcrum's fuel will enable airlines to reduce their impact on the environment and help put the aviation industry on its path to a more sustainable long-term operation. In addition to outside contracts, it executed all of Essars internal projects. 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. 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. They primarily export from United States with 17 shipments . He also has rich experience in leading change management, cultural transformation, organisational redesign and restructuring. REUTERS/Phil Noble LONDON, Nov 30 (Reuters) - Essar Oil UK said on Wednesday it planned. Earlier on he has worked with TCS in the beginning of his career. Work also started on expanding capacity from 2.4 MTPA to 4.6 MTPA through brownfield expansion, which requires far less capital than similar greenfield projects The cost of this project was USD 2.64 billion. All its Suezmax tankers were approved by oil majors, an endorsement that fetches a premium in freight. Essar Oil (UK) Limited 2021. 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. The experience of contract drilling gave Essar an opportunity to understand the oil business better, and setting up the refinery was the logical thing to do. The steel generation capacity at the Hazira plant was raised from 2 MTPA to 2.4 MTPA through de-bottlenecking. Prashant is part of the second generation of the Ruia family that founded Essar. 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. Worse was to follow. . Prior to joining Essar, he was the CEO of Religare Finvest Limited (RFL) and the Managing Director of Religare Housing Development Finance Corporation (RHDCL). In addition, Fulcrum NorthPoint was awarded a grant by the UK Government Department for Transport. The FRNs were due for refinancing in 1999, the year that marked the end of the five-year term. 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. Since Essar did not have prior experience in this industry, it roped in Swiss PTT as a joint venture partner. 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. . Later, it went on to buy a specialized pipe-laying barge to undertake this kind of activity. Michelle Lewis, Corporate Affairs Director, Essar: [email protected] / 07805 854169, Peter Ogden, Powerscourt: [email protected] / 07793 858 211. 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. 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. We unlock trapped value for energy partners feeling shackled by a lack of innovation and the status quo by maximising our flexible, end-to-end, safe and agile approach to logistics solutions management. Essar Site. The hydrogen will be used to help decarbonise Essars existing production facilities including the new hydrogen powered furnace [1]which was delivered in August this year. Retrieved 30 March 2012. Pleasanton, CA 94588. Essar again grabbed the opportunity and went on to become Indias largest rig operator in the private sector. He is responsible to advise and represent the company for all the legal matters concerning the Energy sector investments and portfolio businesses. When commercial production began in 1996, this had fallen to USD 380 per tonne. Phone. Inside the Plant At a Glance. Vertex's low carbon hydrogen production plant will be a core part of the HyNet low carbon cluster. In his avatar as editor of a business daily, he also made his mark as a widely respected and incisive columnist on macroeconomics, fiscal and monetary policy. 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.. 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. He has held several leadership positions at Adani Group, Larson & Toubro Ltd, Binani Industries Ltd. amongst others. He joined Burmah Shell in 1957, also known as Bharat Petroleum Corporation Ltd after it was nationalised, and retired from it as director marketing. 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. At Hazira, a deep draft berth and shipping channel was constructed to enhance the cargo handling capacity by bringing larger vessels alongside the berth. 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. His strength lies in leading new business development opportunities and conducting preliminary due diligence and analysis of emergent companies and partners. 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. Copyright 2023 Essar. Vessel handling, product discharge, processing, blending and more, Connectivity Solutions Plant owner Essar is also investing in a . His experience spans several sectors including mining and natural resources, telecommunications, business process outsourcing, infrastructure, healthcare and manufacturing. Role Active Director Date of birth July 1961 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. The takeover of SCGL has enabled Essar to widen its product base and cater to a larger segment of industries. 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. So Essar set up steel manufacturing facilities at Hazira with the objective of gaining value addition. Essar merged these circles into Hutchison Essar to create a telecom major. Until the mid-1980s, Essar was focused on the service sectors of construction and shipping, which were prone to cyclical volatility. He has significant experience of managing strategic transactions, acquisitions and raising capital across industries including Financial Services, Information Technology and Manufacturing (Cement, Sugar, Refractories, Power, Renewable Energy, Steel & Healthcare). 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. When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. [email protected] . 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. 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. Because of Essars experience in marine construction projects, the shipping business was a natural extension. By 2030, Vertex expects to deliver nearly 4GW of low carbon hydrogen, equivalent to c.40% of the UK Governments national target. Hazira was also the land fall point for gas from the Bassein gas field in Bombay High. Additionally, he is also a member of the India-Indonesia CEOs Forum. Essar wanted to buy out Hutchisons stake and tied up a line of credit of over USD 11 billion. At Stanlow Terminals, we pride ourselves on being flexible to our customers needs, with a market leading storage offering. Essar also reentered the contract drilling services business after a hiatus of three years. Managing Director, Finance, Infra, Tech & Retail. 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 had contracts with Chevron, Exxon-Mobil, Stat Oil, Shell, etc. 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. 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. Ensuring your bulk liquid products reach their destinations with ease. A general view of Essar Oil UK's Stanlow oil refinery near Ellesmere Port, Britain, September 27, 2021. M: +44 (0)7805 854 169 E: [email protected] . 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. 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. 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. Essar has invested in a portfolio of world-class companies across sectors and geographies. It monitors and manages the entire portfolio of investments owned by EGFL. Madhu Vuppuluri is the Operating Partner, Metals & Mining, Essar Capital. Follow on capacity growth is planned to reach 80% of the UK Governments new target of 5GW of low carbon hydrogen for power, transport, industry and homes by 2030. 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. Sale to Brookfield Asset Management Company, 10 MTPA integrated steel manufacturing complex. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. . The commissioning was completed in October 1997. Essar is already making rapid progress against its broader decarbonisation targets. This has improved the quality of the ore and reduced the transportation cost. 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. The project has been selected by BEIS as a Phase-2 winner in the CCUS cluster sequencing process earlier this summer, and as such, is currently progressing through the due diligence stage. The project was funded by Indian financial institutions and the ECB. He was appointed as MD & CEO of Essar Shipping, Ports & Logistics Limited in 2010. The company's spirited involvement in community service . CH65 4BD, United Kingdom, UKs Largest He is responsible for investigation, analysis and assessment of risk, and accordingly design and implement strategies and processes which mitigate these threats. Maharashtra, India, Copyright 2021 All rights reserved Such emission reductions are approximately 70% and have the future potential to be fully carbon neutral. 4900 Hopyard Road Intelius does not provide consumer reports and is not a consumer reporting agency as defined by the FCRA. Until then, only foreign construction companies would undertake a project of this magnitude and complexity. Alok Gupta is the Operating Partner, Technology & Retail, at Essar Capital. Stanlow Terminals Limited Gifts and Donations to: ASU Foundation Attn:Financial Services P.O. 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. 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 . 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. Object reference not set to an instance of an object. By continuing to use our website, you agree to our Privacy Policy Accept, Dedicated marine import capability to tankage. Bespoke sustainable solutions to suit logistics and supply chain requirements. The power plant was originally conceived to cater to Essar Steels requirements, but was later converted to an independent producer with a capacity of 515 MW. B.C. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. Investing in an end-to-end logistics infrastructure. The company began its operations with the construction of an outer breakwater in Chennai port, an order worth Rs 2.5 crore. Essar is building assets & creating value in new promising markets right from services to retail in India and internationally. He has held key leadership positions at YES Bank Ltd. and ICICI Bank Ltd. Sited on a 770 hectare industrialised area of Ellesmere Port, Cheshire, Stanlow benefits from its close proximity to major north-west metropolises, a robust configuration and reliable, well maintained assets. Essar Oil UK bought the Stanlow refinery at Ellesmere Port from Shell in 2011. Unite said it had informed the owner of the Ellesmere refinery, India's Essar Group, that its members . exploration & productionand downstream, into refining. Prior to joining Essar, he was the Vice President and General Counsel at Hindustan Construction Company Ltd. This led to financial sanctions being imposed on India and Indian companies no longer had access to foreign funds. Sponge iron generation capacity was also increased to 5.5 MTPA. 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. 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. Address. Essar Energy locked in negotiations with HMRC over VAT payment delayed because of pandemic. Sunil Jain is the Operating Partner for Energy transitions. Prior to joining Essar, he has worked with Caf Coffee Day and UB Spirits. He joined Essar as CEO Retail in the year 2010. In 2006, Hutchison, too, decided to exit India. 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. Correspondence address The Administration Building, 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB . Essar Oil UK, which operates Stanlow Refinery, and Fulcrum BioEnergy, based in California, US, have teamed up with Stanlow Terminals to develop the . India Salaya Vizag Stanlow. It also enables the import of large parcels of diesel. As the world comes together to develop innovative ways of generating sustainable energy the supporting storage and transportation infrastructure needs to evolve. 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. Essar replaced Swiss PTT with Hutchison as partner. In 2005, when the vessel rates peaked, Essar sold its five Suezmax tankers at the price at which they were bought in 1994. The majority of the investment - across a range of hydrogen production technologies, decarbonisation, biofuels and infrastructure projects - will be at its Stanlow site ($2.4bn), with the balance in India. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. By 2006, all the circles were under one umbrellaHutchison Essar Limited. 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. harvard women's basketball elite camp, arnie herber obituary, exeter university reading week dates,

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