Similarly, Essar Bulk Terminal was set up to create bulk terminal facilities at Hazira and other ports. 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. With eight jetties offering import and export of bulk liquids, marine access to terminals at Tranmere and Stanlow, one of Europe's largest road terminals, excellent links to the UK's motorway network and direct connections into the UK's Oil and Fuel Pipelines, STL offers unrivalled connectivity. 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. In 2012, he was awarded an excellence award for his contribution to renewable energy and sustainability by the Energy and Environment Foundation. Ellesmere Port, Cheshire, At Stanlow Terminals, we pride ourselves on being flexible to our customers' needs, with a market leading storage offering. At the same time, the 8 MTPA iron ore beneficiation plant at Bailadila and the 267-km slurry pipeline were completed. ian.cotton@essaroil.co.uk and 07805 854169, Jeff Ovens, Managing Director, UK & Europe, jovens@fulcrum-bioenergy.com and 07399 472 650. 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. With over 32 years of work experience in the technological sector, Alok leads all new capital investment recommendations to the companys board. 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. Essar continues to be the largest Indian exporter of flat steel. He is a strong business development professional with a Mechanical Engineering Degree from Aligarh Muslim University. Essar followed up this success, by setting up a pellet plant in Visakhapatnam as part of its backward integration strategy. 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. 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. . Having started his career with HPCL, he worked with National Oil Nigeria, Reliance Industries Ltd., TotalFinaELF and Gulf Oil India. Essar had financed the project through a combination of rupee debt and Floating Rate Notes (FRN)both on a five-year tenure. Pleasanton, CA 94588. 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. It is also a major regional employer with over 900 staff, an additional 800 on site contractors and a further 5,000 people employed indirectly through the extended value chain. But this was not sufficient to meet its debt obligations. 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. The Manchester Ship Canal that connects Liverpool to Manchester also provides further hinterland water connection to North West UK. Essar teamed up with Brown & Root of USA in laying an under-sea pipeline from the offshore Bassein gas field to Hazira. Essar Global Fund invests, builds and nurtures a portfolio of world-class companies through Essar Capital, its investment manager. Essar did not succumb to the pressure. 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. Around this time, Bombay High had just started producing oil, which needed to be transported onshore. With over 15 years of experience in diverse fields including media & publishing, corporate communications. Such emission reductions are approximately 70% and have the future potential to be fully carbon neutral. By continuing to use our website, you agree to our Privacy Policy Accept, Dedicated marine import capability to tankage. 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. Your price for Delivered in supplies will be subject to delivery costs. 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. Ensuring your bulk liquid products reach their destinations with ease. Prior to joining Essar, he has worked with Caf Coffee Day and UB Spirits. Stanlow, 15th February, 2021. Hazira was also the land fall point for gas from the Bassein gas field in Bombay High. He has played an integral role in many landmark private equity transactions and has also managed many regional and global private equity funds. Sale included 20 MTPA refinery, retail, port and related infrastructure. 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. Stanlow Manufacturing Complex, 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. 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. 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. The Fulcrum venture will complement Essar's wider plans to build a green energy industrial cluster at the Stanlow site. When Essar conceived the project, international steel prices were in the region of USD 450 per tonne. With 18 years of experience, he has also served as the Senior Vice President, International Projects and Corporate Finance, with Essar Services. Essar Energy locked in negotiations with HMRC over VAT payment delayed because of pandemic. 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. 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. 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. 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. 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. The energy industry is changing. The pipe laying division of the company was certified at ISO 9002. Stanlow Terminals Limited Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4BD United Kingdom . Sanjay Palve is the Sr. 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. Following this maiden contract, Essar bagged projects at every major port in the country, including Tuticorin, Mangalore, Goa, Kakinada and Nhava-Sheva in Mumbai. In 2005, when the vessel rates peaked, Essar sold its five Suezmax tankers at the price at which they were bought in 1994. 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. The FRNs were due for refinancing in 1999, the year that marked the end of the five-year term. Anshuman Ruia is known for his financial expertise and project execution skills. 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. Plant owner. Firdose Coovadia is an Advisor, Metals & Mining, at Essar Capital. Essar Oil (UK) Limited 2021. 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. It invested in relevant logistics assets. 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. 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. Prior to Essar, he has worked with Archean Group as Group President, and with SIVA group as CEO for about 15 years. Kailash Daultani currently serves as the Managing Director, Treasury and Finance, at Essar Capital. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. He has worked as an Economic Advisor, and the principal economic policy maker at the state level for seven years. Choose Additional Cities in Arizona by Selecting the First Letter of the City. Ravi Ruia belongs to the generation of industrialists who have played a significant role in leading Indias industrial renaissance. Stanlow. 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. All of its portfolio companies share the Funds ESG centric value system, reflecting the philosophy of placing people before profit. 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. Work on the refinery began in 1994, and by 1995, the necessary funding was in place. He joined Essar in early 2000 and has played a key role on strategic investments of Essar in core economy and infrastructure sectors. 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. Worse was to follow. Rakesh Kankanala is the Managing Director, Managing Director, M&A, Infrastructure, of Essar Capital. 11, K.K. At Stanlow Terminals, we pride ourselves on being flexible to our customers needs, with a market leading storage offering. He has a strong professional record in streamlining litigation, M&A, turnkey contract management, IPR, project financing, international arbitration and compliance support. Managing Director, Finance, Infra, Tech & Retail, at Essar Capital. 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. Essar Oil UK is committed to helping drive the UK's decarbonisation strategy. However, Swiss PTT wanted to shut shop as part of its strategy to exit all Asian operations. Today, the Hazira power plant has two power purchase agreementsone with the Gujarat State Electricity Board and the second with Essar Steel. 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). It owned 11 land rigs, one offshore rig and a drill ship. It still owes 223m, and was reportedly due to start repayments this week. It involved buying an asset against the securitisation of receivables. Name Address Address(maps) LinkedIn Alibaba AliExpress Global Sources Want to send an RFI or RFQ to this supplier? Essar Energy enters into agreement to buy Royal Dutch Shell's Stanlow refinery for US$350 million. info@fulcrum-bioenergy.com . Essar Oil (UK) Limited 2021. 4900 Hopyard Road Suite 220 Pleasanton, CA 94588. 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. He was appointed as MD & CEO of Essar Shipping, Ports & Logistics Limited in 2010. 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. EGFL has a globally benchmarked robust risk and regulatory framework. epl.secretarial . Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. 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. He has overseen Essars BPO and Power businesses, Smiti is a self-driven business leader and a true entrepreneur at heart. Now, Essar is all set to team up with the new JV partner Vodafone to take growth to the next level. Rajiv was awarded the designation of Canadian Investment Manager by the Canadian Securities Institute in 2006. 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. In this way, the share of value-added products increased from 35 percent to 70 percent of total production. 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. The aim was to build a diverse fleet that could help hedge any downturns in the business. Phone. It that happened, the refinery would be likely to be taken on by the official receiver, to keep the refinery running. Physical location: 777 Novus, Suite 310AA, Tempe, AZ 85287-4308 Building: Novus Tower, Tempe Campus Mailing address: P.O. 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. 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. It also complements the announcement last month regarding a blue hydrogen development at Stanlow as part of the HyNet project. He plays a key role in managing strategic functions of EGFL. 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. Essar also reentered the contract drilling services business after a hiatus of three years. 20 August 2011. An offering that prides itself in the highest levels of safety to protect our people, your people and the communities we operate in. Our latest List Price, effective from 2nd March, for Ex Rack sales is as follows. Currently, he heads the country operations of Afrocentric Group in Mauritius and is the Managing Director of Medscheme International. 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 had contracts with Chevron, Exxon-Mobil, Stat Oil, Shell, etc. He was chairman and chief executive of J&K Bank for five years. Essar is building assets & creating value in new promising markets right from services to retail in India and internationally. 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. Earlier on he has worked with TCS in the beginning of his career. Stanlow also plays an important part in Britains petrochemical industry, providing feedstocks such as toluene, propylene and ethylbenzene. 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 also advised boards and management on major transactions in 34 countries. It had a fleet of over 100 vehicles of varying capacities. Suite 220 Vertex Hydrogen is a joint venture between Essar Oil UK and Progressive Energy. In addition to OSVs, it bought Diving Support Vessels and Multi Support Vessels. REUTERS/Phil Noble LONDON, Nov 30 (Reuters) - Essar Oil UK said on Wednesday it planned. as panic buying hits forecourts across the country. The company received underwriting commitments from Chase and Lehman Brothers. He is a part of the Management Committee 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. 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 construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. Additionally, he is also a member of the India-Indonesia CEOs Forum. Essar is already making rapid progress against its broader decarbonisation targets. 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. Recently, he was also awarded Business Leader of the Year in the NBFC segment by ET Now. Essar Oil UK bought the Stanlow refinery at Ellesmere Port from Shell in 2011. Gifts and Donations to: ASU Foundation Attn:Financial Services P.O. Both these factors led to a stoppage of work at the refinery, The Mid-2000s: Resurrecting the Essar Oil Refinery. The green energy projects will include an investment of $1.2 billion in green ammonia manufacturing in India. 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 company is a major supplier in the North West and beyond with customers including most of the major retail brands operated by international oil companies and supermarkets, Manchester Airport, leading commercial airlines and the regions trains and buses. He has held several leadership positions at Adani Group, Larson & Toubro Ltd, Binani Industries Ltd. amongst others. All these projects helped transform Essar Constructions into a leading EPC contractor. Prashant is part of the second generation of the Ruia family that founded Essar. For SBI, the proposal posed a real challenge since it involved a first-of-its-kind transaction for the bank as well! Investing in an end-to-end logistics infrastructure. 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. 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. He established PetroFina in India and was part of the team that launched Gulf Oil in India post opening up of the market. Essar Energy. Prior to joining Essar, he was the Vice President and General Counsel at Hindustan Construction Company Ltd. Last month Essar Oil UK announced its participation in the production of blue hydrogen under the HyNet project. Correspondence address The Administration Building, 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB . Bespoke sustainable solutions to suit logistics and supply chain requirements. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking for Infrastructure. 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. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. 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. Being the largest independent means we can move quickly to meet your bulk liquid storage needs, Unique Refinery Access Essar negotiated with the FRN holders for a one-time settlement and refinanced its entire rupee debt at a lower cost. All these activities were consolidated under Essar Shipping and Logistics Limited. Until then, only foreign construction companies would undertake a project of this magnitude and complexity. Box 2260 Tempe, Arizona 85280-2260 To visit us on site: ASU Fulton Center 300 E. University Drive Tempe, AZ . 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 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. All Rights Reserved. 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. Essar Ports Limited Essar House, 11, K.K. The project, which will see an investment of approximately 600m, will use Fulcrum's proven waste-to-fuel process, which is already being deployed at its pioneering facility outside of Reno, Nevada in the United States, where operations are due to begin later this year. The Stanlow refinery supplies about a sixth of the UKs road fuel. However, Essars chosen policy was to get into areas of import substitution, high technology and national importance. Prior to joining Essar, he was associated with EY as a Partner for 11 years. Box 874308 Main phone: 480-965-7682 Fax: 480-965-9199 Undergraduate & Graduate Advising. The company approached State Bank of India (SBI), a leading public sector bank in India, for a loan. 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. The commissioning was completed in October 1997. In addition, SAF produced at the site offers a 90% reduction in particulates, which may benefit local air quality in and around airports. All companies under the TTP have been given until January 2022 to meet their commitments. Well do this through a combination of our unique geographical location, decades of experience and a passion for a greener, cleaner planet. 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. Legal Disclaimer and Terms and Conditions of Usage, This website uses cookies or similar technologies, to enhance your browsing experience and provide personalized recommendations. 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 . He has over 25 years of work experience in the field of M&A and Transactions. 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. He is responsible to advise and represent the company for all the legal matters concerning the Energy sector investments and portfolio businesses. Essar Group is to invest $3.6bn developing low-carbon energy in the UK and India under the newly formed Essar Energy Transition (EET). 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 stanlow address