essar stanlow address

When commercial production began in 1996, this had fallen to USD 380 per tonne. 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. An oil giant has announced plans to invest 1.9bn in Stanlow oil refinery in Cheshire, including establishing a plant to supply industrial hydrogen. Essar negotiated with the FRN holders for a one-time settlement and refinanced its entire rupee debt at a lower cost. With more than 50 years of experience, he guides Essar through transformations, manages operating functions and leads complex projects. He is the former Chairman and Managing Director of state-run natural gas giant GAIL India Ltd and had started his career in Oil and Natural Gas Corporation. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. Essar had financed the project through a combination of rupee debt and Floating Rate Notes (FRN)both on a five-year tenure. Essar Global Fund invests, builds and nurtures a portfolio of world-class companies through Essar Capital, its investment manager. Today, the Hazira power plant has two power purchase agreementsone with the Gujarat State Electricity Board and the second with Essar Steel. 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. Mr Deepak Sogani joined ESSAR in August 2020 as Managing Director Finance, Essar Capital, the investment manager for Essar Global Fund Limited (EGFL). The promoters could foresee the demand, a vision that paid rich dividends. Production started in November 2006 with a capacity of 7.5 MTPA. 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. 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. Essar Shipping diversified and modernised its fleet in the early 1990s. Acting as director of several client companies, Rajiv is a Fellow member of the Mauritius Institute of Directors since 2012. All companies under the TTP have been given until January 2022 to meet their commitments. In order to improve the efficiency, Essar Steel bought Stemcors 51 percent stake in HyGrade Pellets Limited, the pellet making venture of Essar. Firdose Coovadia is an Advisor, Metals & Mining, at Essar Capital. 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. 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. 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. Now, Essar is all set to team up with the new JV partner Vodafone to take growth to the next level. . 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. 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. It that happened, the refinery would be likely to be taken on by the official receiver, to keep the refinery running. All of its portfolio companies share the Funds ESG centric value system, reflecting the philosophy of placing people before profit. 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. Correspondence address The Administration Building, 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB . 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. 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. A fleet of 13 onshore rigs and a semi-submersible rig were deployed with clients in India and abroad. In addition to outside contracts, it executed all of Essars internal projects. 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. Worse was to follow. With over 15 years of experience in diverse fields including media & publishing, corporate communications. 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. He has led natural resources sector businesses for major investment banks globally. His entrepreneurial abilities have enabled the Essar Global portfolio of companies to become one of the leading names in global industry. 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. 4900 Hopyard Road In addition to OSVs, it bought Diving Support Vessels and Multi Support Vessels. Stanlow. When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. Prior to joining Essar, he was the Vice President and General Counsel at Hindustan Construction Company Ltd. Doaa AboulThomas AbbottSusan AdamsEmilio AbundioBorzu AfshariRay AdamsAnn Addington, Mesa, AZPhoenix, AZChandler, AZScottsdale, AZGilbert, AZ. It also enables the import of large parcels of diesel. Essar Ports is both a people-driven and people-centric organisation. Vice Chairman & Operating Partner, Metals & Mining, Operating Parter, Infrastructure, MD & CEO, Essar Ports, Sr. 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. 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. . 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. He would be responsible for advising and leading the company with regards all investments and opportunities in the metals & mining sector. Earlier on he has worked with TCS in the beginning of his career. In this business, too, Essar kept refinancing the debt to reduce finance costs. Contact Us. Pleasanton, CA 94588. Leveraging his extensive business network, Firdhose has also played an active role in assisting portfolio companies with business development and cross-border transactions or business relationships across Africa, the Middle East and Asia. Srinivasan Vaidyanathan is the Operating Partner, Technology & Retail, at Essar Capital. Having started his career with HPCL, he worked with National Oil Nigeria, Reliance Industries Ltd., TotalFinaELF and Gulf Oil India. Mahalaxmi, Sponge iron generation capacity was also increased to 5.5 MTPA. 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. He started his career with Escorts Limited where he worked and grew through various roles of operations and business development. 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. 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. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking. 20 August 2011. All Rights Reserved. All Rights Reserved. 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. Mr Sogani helps manage Essar Capital investments in the portfolio companies of metals & mining sector. 925.730.0150. 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. It also complements the announcement last month regarding a blue hydrogen development at Stanlow as part of the HyNet project. Essar Energy, which owns the Stanlow. It had a fleet of over 100 vehicles of varying capacities. Sanjay Palve is the Sr. 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. 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. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. Role Active Director Date of birth July 1961 After a fierce round of bidding that involved several corporations, Vodafone bought the Hutchison stake valued at USD 11.5 billion. Deepak Maheshwari, CEO of Essar Oil UK said: This new carbon capture plant is the single biggest initiative to decarbonise our processes and a core element to our hugely ambitious decarbonisation strategy. Essar Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. All these projects helped transform Essar Constructions into a leading EPC contractor. Essar continues to be the largest Indian exporter of flat steel. Sr. 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 . Simultaneously, global steel prices started tumbling and reached a historic low of USD 180 per tonne. 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. Essar Constructions grew its activities considerably over the years. Plant owner Essar is also investing in a . Essar Oil UK Contact us Contact us How can we help you? He joined Essar as CEO Retail in the year 2010. Box 2260 Tempe, Arizona 85280-2260 For all other mailing needs: ASU Foundation P.O. The refinery plays a strategic role in the UK economy, supplying 16% of all road transport fuels. . An MBA from IIM Lucknow, Rakesh is a qualified Engineer from NIT, and brings with him 13 years of experience. His academic research paper on Sustainability and Renewable Consumption Obligation has been presented at forums of international repute. Essar Stanlow's top supplier is Refined Technologies with 17 shipments. 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. 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. 11, K.K. Essar is investing to make our refinery at Stanlow, the UKs first low carbon refinery. The 1980s: Supporting Indias nascent exploration sector. Earlier this year, it announced its participation in production of blue hydrogen under the HyNet project. . 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. He is responsible to advise and represent the company for all the legal matters concerning the Energy sector investments and portfolio businesses. He has also advised boards and management on major transactions in 34 countries. 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. Recently, he was also awarded Business Leader of the Year in the NBFC segment by ET Now. A general view of Essar Oil UK's Stanlow oil refinery near Ellesmere Port, Britain, September 27, 2021. During the period of stoppage, Essar had wisely planned for technology upgrades. Stanlows reconfigured and optimised single train operation delivers significant upgrading capability and produces an above average proportion of middle distillates, principally diesel and jet fuel, helping to addressthe significant and growing deficit in the UK and Europe. Moreover, the quality of scrap was also not always up to the mark. As Fulcrum's first facility in the United Kingdom, NorthPoint will be located at the Essar Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. 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. Firdose has extensive experience in emerging markets, having been involved in advising governments, parastatals and companies in Africa, India, Europe and the Middle East. 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. Independently, Essar had acquired licenses in seven circles where Hutchison Essar did not have operations, and in four circles of BPL. . In the second quarter, a devastating cyclone hit the western coast of India damaging several structures in the refinery site. His experience spans several sectors including mining and natural resources, telecommunications, business process outsourcing, infrastructure, healthcare and manufacturing. 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. Essar replaced Swiss PTT with Hutchison as partner. Michelle Lewis, Corporate Affairs Director, Essar: michelle.lewis@essaroil.co.uk / 07805 854169, Peter Ogden, Powerscourt: essar@powerscourt-group.com / 07793 858 211. Inside the Plant At a Glance. Essar Energy enters into agreement to buy Royal Dutch Shell's Stanlow refinery for US$350 million. In 2005, when the vessel rates peaked, Essar sold its five Suezmax tankers at the price at which they were bought in 1994. M: +44 (0)7805 854 169 E: ian.cotton@essaroil.co.uk . The project was funded by Indian financial institutions and the ECB. Managing Director, Finance, Infrastructure, Technology & Retail, Managing Director, Business Development, Metals & Mining, Download Corporate Film(Extended Version). 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. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. Investing in an end-to-end logistics infrastructure. He has held several leadership positions at Adani Group, Larson & Toubro Ltd, Binani Industries Ltd. amongst others. 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. The FRNs were due for refinancing in 1999, the year that marked the end of the five-year term. He has worked as an Economic Advisor, and the principal economic policy maker at the state level for seven years. He has played an integral role in many landmark private equity transactions and has also managed many regional and global private equity funds. ian.cotton@essaroil.co.uk and 07805 854169, Jeff Ovens, Managing Director, UK & Europe, jovens@fulcrum-bioenergy.com and 07399 472 650. Stanlow contributes an estimated 60 million each year to the local economy and will house the UK's first low carbon hydrogen facility. Most Recent Shipment: 04/07/2022 (Database Updated . Both these factors led to a stoppage of work at the refinery, The Mid-2000s: Resurrecting the Essar Oil Refinery. For cheapest and greenest transportation of your products, Beyond Storage There was an FCCB (Foreign Currency Convertible Bonds) component that needed to be raised abroad in the latter half of 1998. They primarily export from United States with 17 shipments . 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. The aim was to build a diverse fleet that could help hedge any downturns in the business. Kingsbury Diesel 121.92 ppl, PU10 114.84 ppl. 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. This prompted Essar to start manufacturing sponge iron. Essar Oil UK is committed to helping drive the UK's decarbonisation strategy. 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. He joined Burmah Shell in 1957, also known as Bharat Petroleum Corporation Ltd after it was nationalised, and retired from it as director marketing. Jatinder Mehra is the Vice Chairman & Operating Partner of Essar Capital. He also has rich experience in leading change management, cultural transformation, organisational redesign and restructuring. Our latest List Price, effective from 2nd March, for Ex Rack sales is as follows. 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. Alok Gupta is the Operating Partner, Technology & Retail, at Essar Capital. Essar began the process of refinancing one year in advance, in May 1998. EGFL has a globally benchmarked robust risk and regulatory framework. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. This arrangement was made for two principal reasons: One, Indian financial institutions were not in a position to lend for a longer term; two, raising foreign currency debt beyond five years was not permitted at that time. 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. The ambitious plan sets firm foundations to accelerate the UK's path to net zero while transforming the economy, boosting employment and delivering growth. 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. Managing Director, Finance, Metals & Mining. Email. 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. Suite 220 The commissioning was completed in October 1997. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. Physical location: 777 Novus, Suite 310AA, Tempe, AZ 85287-4308 Building: Novus Tower, Tempe Campus Mailing address: P.O. 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. 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. 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. 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.

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