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Essar was founded in 1969 by his father, Shashi Ruia and uncle Ravi Ruia. This led to financial sanctions being imposed on India and Indian companies no longer had access to foreign funds. Being the largest independent means we can move quickly to meet your bulk liquid storage needs, Unique Refinery Access Email address: SSTAdvising@asu.edu / SSTGradAdvising@asu.edu Phone: 480-965-7682 Location: Advising offices are located in 777 Novus, Suite . Essar Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. Pleasanton, CA 94588. Mr Rajiv Gujjalu serves as Director Essar Global Fund Limited (EGFL). It will also utilise direct pipeline access to pump and transport the SAF to UK airports through the Manchester Jet Line and the UK Oil Pipeline network (UKOP). . 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. 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. Retrieved 30 March 2012. Essar Oil UK (EOUK) used the governments pandemic VAT deferral scheme last year, which allowed businesses to delay tax repayments. As the world comes together to develop innovative ways of generating sustainable energy the supporting storage and transportation infrastructure needs to evolve. In addition, Essar Oil UK operates an integrated terminal and marine facility at Stanlow and Tranmere on behalf Stanlow Terminals. Essar Site. He is a strong business development professional with a Mechanical Engineering Degree from Aligarh Muslim University. The green energy projects will include an investment of $1.2 billion in green ammonia manufacturing in India. 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 companies under the TTP have been given until January 2022 to meet their commitments. Rakesh Kankanala is the Managing Director, Managing Director, M&A, Infrastructure, of Essar Capital. Jatinder Mehra is the Vice Chairman & Operating Partner of Essar Capital. Previously Group Director at Gulf Petrochem, he is an oil and gas professional with around 35 years of experience in sales, marketing and trading of petroleum products in India, the Middle East and Nigeria with Public Sector Undertakings, Multi-National Companies and private sector companies. The construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. Essar did not succumb to the pressure. He Joined Essar in 1997 as COO in Essar Telecom and was the Executive Director of Essar Shipping Limited from 1998-2002. 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. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. Earlier on he has worked with TCS in the beginning of his career. India in those days had secondary steel makers who used imported scrap to produce steel. Essar Constructions executed pipe laying contracts for all the major oil companies in India, and drinking water pipelines in Gujarat, Tamilnadu and Rajasthan. 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. Essar G. Ltd is the primary contact at E-Telequest, Inc. E-Telequest, Inc generates approximately USD 13,100,000.00 in revenue annually, and employs around 300 people at this location. 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. At Hazira, a deep draft berth and shipping channel was constructed to enhance the cargo handling capacity by bringing larger vessels alongside the berth. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. 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 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. Prior to Essar, he was the CEO & Executive Director of Hero Future Energies Pvt Ltd. 4900 Hopyard Road Suite 220 Pleasanton, CA 94588. India Salaya Vizag Stanlow. In this business, too, Essar kept refinancing the debt to reduce finance costs. 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. [1] www.essaroil.co.uk/news/uks-first-refinery-based-hydrogen-furnace-arrives-at-essar/. Stanlow Manufacturing Complex, When commercial production began in 1996, this had fallen to USD 380 per tonne. The Manchester Ship Canal that connects Liverpool to Manchester also provides further hinterland water connection to North West UK. Vertex Hydrogen is a joint venture between Essar Oil UK and Progressive Energy. 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. According to Essar, the Fulcrum NorthPoint venture will complement Essar's wider plans to build a green energy industrial cluster at the Stanlow site, and will fully integrate Essar, Stanlow Terminals, and Fulcrum assets and technology. Fulcrum BioEnergy, Limited is a wholly owned subsidiary of Fulcrum BioEnergy, Inc., a pioneer in the development of projects to convert everyday household and commercial waste into low-carbon aviation fuels and other transportation fuels. Stanlow 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. Even during the downturn in the shipping industry, Essar Shipping registered profits. Essar has invested in a portfolio of world-class companies across sectors and geographies. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address . Sr. Legal Disclaimer and Terms and Conditions of Usage, This website uses cookies or similar technologies, to enhance your browsing experience and provide personalized recommendations. 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. Tempe, AZ White Pages. Essar Ports Limited Gifts and Donations to: ASU Foundation Attn:Financial Services P.O. Eventually, the loan was sanctioned, with a repayment structure that was unique for its time. The Fulcrum venture will complement Essar's wider plans to build a green energy industrial cluster at the Stanlow site. Anshuman Ruia is known for his financial expertise and project execution skills. Sponge iron generation capacity was also increased to 5.5 MTPA. Many steel companies at that time went down under. Sunil Jain is the Operating Partner for Energy transitions. However, Essars chosen policy was to get into areas of import substitution, high technology and national importance. Sale included 20 MTPA refinery, retail, port and related infrastructure. 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. Andrew Wright is the Managing Director, Legal, at Essar Capital. An MBA from IIM Lucknow, Rakesh is a qualified Engineer from NIT, and brings with him 13 years of experience. These include the construction of two new low carbon hydrogen production units on site as part of HyNet, with a planned total investment of 1 billon. In 2012, he was awarded an excellence award for his contribution to renewable energy and sustainability by the Energy and Environment Foundation. 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. 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. 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. Correspondence address Essar Oil (uk) Limited, Lansdowne House - 2nd Floor East, Berkeley Square, London, England, W1J 6ER . 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. Vertex is developing the first large scale, low carbon hydrogen production hub in the UK, as part of the HyNet cluster (www.hynet.co.uk). 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. Prashant is part of the second generation of the Ruia family that founded Essar. His academic research paper on Sustainability and Renewable Consumption Obligation has been presented at forums of international repute. Marg, Mahalaxmi, Mumbai - 400034 Maharashtra, India. Essar Logistics took care of the movement of cargo, generated by Essar Steel and Essar Oil, by road. The Stanlow oil refinery supplies about a sixth of Britains road fuel, and is owned by the billionaire brothers Shashi and Ravi Ruia, through their company Essar Oil UK. Also, the financial sanctions imposed on India subsequent to the Pokhran nuclear test in May 1998 ensured that Essar was banned from raising FCCBs. Pleasanton, CA 94588. The commissioning was completed in October 1997. Essar House, When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. 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. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking for Infrastructure. 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. Copyright 2023 Essar. 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. Were primed to lead the national charge in the development of changing energy infrastructure and create the UKs first sustainable energy hub. 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 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. 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. Tempe, Arizona white page directory listings include full name, phone number and address. Our DNA is to invest with spirit of an entrepreneur, build assets with the passion of an owner and manage businesses with the discipline of a professional. The Stanlow refinery supplies about a sixth of the UKs road fuel. Try LightSource for your strategic sourcing. 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. Alok Gupta is the Operating Partner, Technology & Retail, at Essar Capital. All its Suezmax tankers were approved by oil majors, an endorsement that fetches a premium in freight. 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. Managing Director, Finance, Infrastructure, Technology & Retail, Managing Director, Business Development, Metals & Mining, Download Corporate Film(Extended Version). Work on the refinery began in 1994, and by 1995, the necessary funding was in place. Vikash is also a member of the Management Committee of Essar Capital. 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. Steel: The uncertainties of a cyclical business. Essar will assist with the blending and supply the new SAF to airlines, with Stanlow Terminals Limited providing product storage and logistics solutions for the project under a long-term agreement. By 2006, all the circles were under one umbrellaHutchison Essar Limited. He joined Essar as CEO Retail in the year 2010. 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. It that happened, the refinery would be likely to be taken on by the official receiver, to keep the refinery running. Suite 220 In this way, the share of value-added products increased from 35 percent to 70 percent of total production. This prompted Essar to start manufacturing sponge iron. He has played an integral role in many landmark private equity transactions and has also managed many regional and global private equity funds. 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. The steel generation capacity at the Hazira plant was raised from 2 MTPA to 2.4 MTPA through de-bottlenecking. In addition, SAF produced at the site offers a 90% reduction in particulates, which may benefit local air quality in and around airports. The company began its operations with the construction of an outer breakwater in Chennai port, an order worth Rs 2.5 crore. The sponge iron plant became a hugely successful venture. Mr Deepak Sogani joined ESSAR in August 2020 as Managing Director Finance, Essar Capital, the investment manager for Essar Global Fund Limited (EGFL). Essar Oil (UK) Limited 2021. Unite said it had informed the owner of the Ellesmere refinery, India's Essar Group, that its members . 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. Around the mid-1980s, the Government also opened up the contract drilling business to Indian private companies. He is a seasoned professional with over 27 years of experience, including 23 years in international investment banking & private equity. So Essar set up steel manufacturing facilities at Hazira with the objective of gaining value addition. For cheapest and greenest transportation of your products, Beyond Storage It had a fleet of over 100 vehicles of varying capacities. He has led natural resources sector businesses for major investment banks globally. 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. Role Active Director Date of birth July 1961 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. The company is a major supplier in the North West and beyond, with customers including most of the major retail brands operated by international oil . Prior to joining Essar, he was the Vice President and General Counsel at Hindustan Construction Company Ltd. Not one to lag behind, Essar seized every opportunity that came its way. But the Sunday Times reported that the government was on alert in case Stanlow collapsed, and that it could go into insolvency if it could not raise more funds. A new value-centric growth strategy based on Entrepreneurship, Expertise and Experience along with a robust governance system and structure will deliver superior returns, sustainably. Mr Mehra is involved in various Essar initiatives in areas of Business Strategy, Investments, Corporate Governance, Risk Management and Sustainability. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. At the same time, the 8 MTPA iron ore beneficiation plant at Bailadila and the 267-km slurry pipeline were completed. Crude oil is supplied to the refinery via a 15 mile pipeline from the companys Tranmere facility further downstream in the Mersey Estuary. 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. Vertex's low carbon hydrogen production plant will be a core part of the HyNet low carbon cluster. Moreover, the quality of scrap was also not always up to the mark. Around this time, Bombay High had just started producing oil, which needed to be transported onshore. Name Address Address(maps) LinkedIn Alibaba AliExpress Global Sources Want to send an RFI or RFQ to this supplier? 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. 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.