Essar Oil UK, which operates Stanlow Refinery, and Fulcrum BioEnergy, based in California, US, have teamed up with Stanlow Terminals to develop the . Along with brother Ravi, Shashi Ruia laid the foundation of Essar and spearheaded its business strategy, diversification and growth. Essar Energy enters into agreement to buy Royal Dutch Shell's Stanlow refinery for US$350 million. Fulcrum's partner, Essar, will assist with the blending and supply the sustainable aviation fuel to airlines, with Stanlow Terminals Limited providing product storage and logistics solutions for the project under a long-term agreement. 4900 Hopyard Road It had a fleet of over 100 vehicles of varying capacities. His strength lies in leading new business development opportunities and conducting preliminary due diligence and analysis of emergent companies and partners. Rajiv was awarded the designation of Canadian Investment Manager by the Canadian Securities Institute in 2006. 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. Since early August, the company has increased its daily vehicle shifts from 52 to more than 70, and is aiming to increase deliveries to more than 80 by the end of October, it said. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. With over 32 years of work experience in the technological sector, Alok leads all new capital investment recommendations to the companys board. 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. Tempe, AZ White Pages. Just before the issue was launched, India tested the nuclear bomb at Pokhran. 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. Shashi Ruia began his career in the family business in 1965 under the guidance of his father, the late Nand Kishore Ruia. By this time, all of Essars businesses had grown significantly and the time had come for managing each business as an independent company. This has improved the quality of the ore and reduced the transportation cost. 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. Box 2260 Tempe, Arizona 85280-2260 To visit us on site: ASU Fulton Center 300 E. University Drive Tempe, AZ . Name Address Address(maps) LinkedIn Alibaba AliExpress Global Sources Want to send an RFI or RFQ to this supplier? 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 . 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. 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 began the process of refinancing one year in advance, in May 1998. Essar also entered the power and telecom sectors as and when they were opened up to private participation. 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 continuing to use our website, you agree to our Privacy Policy Accept, Dedicated marine import capability to tankage. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. Essar Energy. 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. 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. Essar Oil (UK) Limited 2021. 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 is already making rapid progress against its broader decarbonisation targets. Stanlow Manufacturing Complex, 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. Bespoke sustainable solutions to suit logistics and supply chain requirements. 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. Left with no option, Essar was forced to default on the FRN loan, despite having made concrete plans for refinancing. In 1999, the government announced a new telecom policy that was more conducive to growth. He is responsible to advise and represent the company for all the legal matters concerning the Energy sector investments and portfolio businesses. 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. Sponge iron generation capacity was also increased to 5.5 MTPA. In order to lend stability to the Group, Essar planned to enter manufacturing. Currently, he heads the country operations of Afrocentric Group in Mauritius and is the Managing Director of Medscheme International. The promoters could foresee the demand, a vision that paid rich dividends. Work on the refinery was progressing as per schedule till the first quarter of 1998. Mr Rajiv Gujjalu serves as Director Essar Global Fund Limited (EGFL). 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. He joined Essar as CEO Retail in the year 2010. It involved buying an asset against the securitisation of receivables. The project was funded by Indian financial institutions and the ECB. The company received underwriting commitments from Chase and Lehman Brothers. 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. The construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. 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. In 1995, a few months after mobile telephony was opened up to private participation, Essar became the first company to start GSM operations in Delhi under the brand name, Essar Cellphones. Essar braced itself for the oncoming challenge. Our sights are firmly set on helping to drive the UK's decarbonisation strategy. In 2005, when the government came out with the unified licensing scheme, the JV started merging all the telecom circles. 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 House, But this was not sufficient to meet its debt obligations. Earlier this year, it announced its participation in production of blue hydrogen under the HyNet project. The Late 1980s: Foray into core sector manufacturing. This will be the first Fulcrum plant outside the United States. 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. Hutchison Essars subscriber base, too, has risen from 1,50,000 to 28 million. 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. Strategic investments in setting up world-class facilities in Steel, Power, Ports, Oil and Gas. The FRNs were due for refinancing in 1999, the year that marked the end of the five-year term. Thus Essar was able to build one of the most valuable telecom companies in the world. He also has rich experience in leading change management, cultural transformation, organisational redesign and restructuring. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. Essar Oil (UK) Ltd is committed to playing a key role in the decarbonisation of the UK economy, with ambitious plans to build an energy transition cluster at Stanlow. CH65 4BD, United Kingdom, UKs Largest 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. When commercial production began in 1996, this had fallen to USD 380 per tonne. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. The Essar Group was established by Mr. Shashi Ruia and Mr. Ravi Ruia in 1969, in South India. As the world comes together to develop innovative ways of generating sustainable energy the supporting storage and transportation infrastructure needs to evolve. Moreover, the quality of scrap was also not always up to the mark. India Salaya Vizag Stanlow. Being the largest independent means we can move quickly to meet your bulk liquid storage needs, Unique Refinery Access Mumbai - 400034 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. His entrepreneurial abilities have enabled the Essar Global portfolio of companies to become one of the leading names in global industry. The company approached State Bank of India (SBI), a leading public sector bank in India, for a loan. Essar Global Fund invests, builds and nurtures a portfolio of world-class companies through Essar Capital, its investment manager. 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. 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. Choose Additional Cities in Arizona by Selecting the First Letter of the City. 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. Essar Capital Limited (Essar Capital) is the investment manager of Essar Global Fund Limited (EGFL). The aim was to build a diverse fleet that could help hedge any downturns in the business. In addition, SAF produced at the site offers a 90% reduction in particulates, which may benefit local air quality in and around airports. Additionally, he has held leadership positions at IAA Healthcare, Metropolitan Insurance, CIM Global Business, CIM Asset Management, Ireland Blyth Limited and HSBC respectively. Fulcrum is currently commissioning the world's first commercial waste-to-transportation fuels plant, located in the United States. 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. He joined Essar in early 2000 and has played a key role on strategic investments of Essar in core economy and infrastructure sectors. This brought down the capital cost per tonne of steel, which helped reduce overall cost of production. It monitors and manages the entire portfolio of investments owned by EGFL. Pleasanton, CA 94588. 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. In addition, Essar Oil UK operates an integrated terminal and marine facility at Stanlow and Tranmere on behalf Stanlow Terminals. Located near Ellesmere Port in north west England, the Stanlow refinery is the second largest in the UK. 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). 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. Being one of the low-cost steel producers, Essar managed to make operating profits. 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. Essar Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. Role Active Director Date of birth July 1961 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. The sponge iron plant became a hugely successful venture. 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. 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. Having completed his law degree from the University of Leeds, United Kingdom, Andrew has over 25 years of rich experience. 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. When Essar conceived the project, international steel prices were in the region of USD 450 per tonne. The pipe laying division of the company was certified at ISO 9002. The Manchester Ship Canal that connects Liverpool to Manchester also provides further hinterland water connection to North West UK. He holds a BA (Hons) in Economics and a Masters in Investment and Finance. Prashant holds key positions on several prestigious regulatory and professional boards. Ellesmere Port, Cheshire, Ian Cotton, Head of Communications and Community. If approved, construction work is scheduled to begin on site by the end of 2022, with hydrogen production set to commence by the mid-2020s. In the second quarter, a devastating cyclone hit the western coast of India damaging several structures in the refinery site. He Joined Essar in 1997 as COO in Essar Telecom and was the Executive Director of Essar Shipping Limited from 1998-2002. In addition, in an honorary capacity, Adithya is currently the Senior Vice President at the India Chapter of Institute of Internal Auditors Inc, USA and President elect for 2021 22. He has over 25 years of work experience in the field of M&A and Transactions. As a result, while most shipping companies in India were making losses in the 80s, Essar was reaping profits. Worse was to follow. In 2006, Hutchison, too, decided to exit India. Mr Naushad Ansari is Managing Director, Business Development, at Essar Capital. Steel: The uncertainties of a cyclical business. This included an oil terminal at Vadinar with a capacity to receive 32 MTPA of crude, 14 MTPA product dispatch facilities through sea, crude storage facilities, and product dispatch facilities by road and rail. Stanlow. He has held several leadership positions at Adani Group, Larson & Toubro Ltd, Binani Industries Ltd. amongst others. In her last assignment as Chief People Officer Hometown & Ezone, Priya was responsible for driving a transformational HR agenda that focused on organisational culture, building a talent pipeline, and initiating & aligning all people practices to business achievement. Essar Global Fund Limited (EGFL), set up in 2005, invests in building and nurturing assets, and creating value in the core sectors of Energy, Infrastructure & Logistics, Metals & Mining and Technology & Retail. When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. In addition to outside contracts, it executed all of Essars internal projects. EGFL is now poised to transition its existing assets towards a greener economy and invest in businesses which will transform sector landscapes from carbon to a clean energy ecosystem. Stanlow 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. Anshuman Ruia is known for his financial expertise and project execution skills. 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. Operating Parter, Infrastructure & MD & CEO, Essar Ports. 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. Managing Director, Finance, Infrastructure, Technology & Retail, Managing Director, Business Development, Metals & Mining, Download Corporate Film(Extended Version). 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. Sr. 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. 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 . 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. 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. At Stanlow Terminals, we pride ourselves on being flexible to our customers needs, with a market leading storage offering. 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. In 2012, he was awarded an excellence award for his contribution to renewable energy and sustainability by the Energy and Environment Foundation. . 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. Stanlow also plays an important part in Britains petrochemical industry, providing feedstocks such as toluene, propylene and ethylbenzene. Suite 220 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. Essar was founded in 1969 by his father, Shashi Ruia and uncle Ravi Ruia. Essar followed up this success, by setting up a pellet plant in Visakhapatnam as part of its backward integration strategy. Plant owner Essar is also investing in a . Stanlow Terminals Limited It that happened, the refinery would be likely to be taken on by the official receiver, to keep the refinery running. 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. Many steel companies at that time went down under. An MBA from IIM Lucknow, Rakesh is a qualified Engineer from NIT, and brings with him 13 years of experience. However, Swiss PTT wanted to shut shop as part of its strategy to exit all Asian operations. This plant helped Essar Constructions garner expertise in building power plants in addition to its valuable experience in other sectors, including the steel plant for Essar Steel. 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. Contact information for Essar companies in India and worldwide . This is a massive undertaking, but it is a journey we are fully committed to. 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. 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. Similarly, Essar Bulk Terminal was set up to create bulk terminal facilities at Hazira and other ports. Essar is investing to make our refinery at Stanlow, the UKs first low carbon refinery. Until then, only foreign construction companies would undertake a project of this magnitude and complexity. 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. 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. Such emission reductions are approximately 70% and have the future potential to be fully carbon neutral. If you would like a quote for delivery . 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. Vessel handling, product discharge, processing, blending and more, Connectivity Solutions
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