Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. The aim was to build a diverse fleet that could help hedge any downturns in the business. 11, K.K. Because of Essars experience in marine construction projects, the shipping business was a natural extension. Managing Director, Finance, Metals & Mining. Srinivasan Vaidyanathan is the Operating Partner, Technology & Retail, at Essar Capital. and more than 70 percent of its shipping revenues came from international operations. Subsequently he took responsibility as President Global Markets & Strategy since 2012 where he was responsible for sales, pricing strategy, marketing, and product & category management for the Steel business. Essar Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. Firdose has extensive experience in emerging markets, having been involved in advising governments, parastatals and companies in Africa, India, Europe and the Middle East. 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. Essar JV to build UK's largest hydrogen hub | Mint Such emission reductions are approximately 70% and have the future potential to be fully carbon neutral. Steel: The uncertainties of a cyclical business. 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. Marg, Mahalaxmi, Mumbai - 400034 Maharashtra, India. Madhus expertise lies in the area of mergers & acquisition, fund raising, investor relations, and operations management, and leads future capital investment recommendations to Essar Capitals Board of Directors. Essar Ports | Stanlow Bulk Terminals Ltd Kingsbury Diesel 121.92 ppl, PU10 114.84 ppl. So Essar set up steel manufacturing facilities at Hazira with the objective of gaining value addition. In the second quarter, a devastating cyclone hit the western coast of India damaging several structures in the refinery site. Together, these initiatives will help diversify the refinery in a greener direction, and help achieve the UK's decarbonisation goals. Object reference not set to an instance of an object. A general view of Essar Oil UK's Stanlow oil refinery near Ellesmere Port, Britain, September 27, 2021. One of Essars strengths has been its ability to invest in businesses that have the potential for growth and its strategy to diversify as a hedge against cyclicality. Registered office address The Administration Building 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB Company status Active Company type Private limited Company. 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). 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. Prior to joining Essar, he was the CEO of Religare Finvest Limited (RFL) and the Managing Director of Religare Housing Development Finance Corporation (RHDCL). Contact Us | School of Social Transformation - Arizona State University Ellesmere Port, Cheshire, 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. Refinery workers refuse to deal with ship carrying Russian oil Well do this through a combination of our unique geographical location, decades of experience and a passion for a greener, cleaner planet. In addition, SAF produced at the site offers a 90% reduction in particulates, which may benefit local air quality in and around airports. 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. Around this time, Bombay High had just started producing oil, which needed to be transported onshore. Aviation is one of the most hard to decarbonise transport sectors and sustainable aviation fuel is a key enabler for the reduction of carbon emissions. It also enables the import of large parcels of diesel. 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). exploration & productionand downstream, into refining. He is on the Boards of World Steel Association, and the Metals & Mining and Energy industry Committee of the World Economic Forum. Fulcrum is currently commissioning the world's first commercial waste-to-transportation fuels plant, located in the United States. info@fulcrum-bioenergy.com . 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. By 2006, all the circles were under one umbrellaHutchison Essar Limited. Stanlow | Essar Oil Uk 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. Independently, Essar had acquired licenses in seven circles where Hutchison Essar did not have operations, and in four circles of BPL. She has earlier worked with Cipla as Head HR International Business, and has also volunteered with the Akanksha Foundation. 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 to invest USD 3.6 billion in energy transition in UK, India CH65 4BD, United Kingdom, UKs Largest 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. 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. He has significant experience of managing strategic transactions, acquisitions and raising capital across industries including Financial Services, Information Technology and Manufacturing (Cement, Sugar, Refractories, Power, Renewable Energy, Steel & Healthcare). Prashant holds key positions on several prestigious regulatory and professional boards. Essar had financed the project through a combination of rupee debt and Floating Rate Notes (FRN)both on a five-year tenure. The steel generation capacity at the Hazira plant was raised from 2 MTPA to 2.4 MTPA through de-bottlenecking. Regular ferry services connect Stanlow from Liverpool and Holyhead to Ireland, Isle of Man, Northern Ireland and northern Spain. Ian Cotton, Head of Communications and Community. Over the last five years, EGFL has rebalanced its portfolio by strategically monetising some of the world class assets and businesses built by Essar, which has an entrepreneurial track record of 50 years. Stanlow: Energy giant Essar unveils 2bn plan for low-carbon plant Vertex Hydrogen is a joint venture between Essar Oil UK and Progressive Energy. Work on the refinery began in 1994, and by 1995, the necessary funding was in place. Essar braced itself for the oncoming challenge. It monitors and manages the entire portfolio of investments owned by EGFL. Essar Constructions executed pipe laying contracts for all the major oil companies in India, and drinking water pipelines in Gujarat, Tamilnadu and Rajasthan. Firdose Coovadia is an Advisor, Metals & Mining, at Essar Capital. Ravi Ruia belongs to the generation of industrialists who have played a significant role in leading Indias industrial renaissance. At Stanlow Terminals, we pride ourselves on being flexible to our customers needs, with a market leading storage offering. Sustainable aviation fuel plant set for take off at Stanlow - Essar Kailash Daultani currently serves as the Managing Director, Treasury and Finance, at Essar Capital. Essar launches EET to invest US$3.6 billion in energy transition in the Essar is already making rapid progress against its broader decarbonisation targets. Inside the Plant At a Glance. 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. He is responsible to advise and represent the company for all the legal matters concerning the Energy sector investments and portfolio businesses. 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. Stanlow Diesel 121.87 ppl, PU10 114.81 ppl. Around the mid-1980s, the Government also opened up the contract drilling business to Indian private companies. What started out with an initial investment of USD 800 million had reached a valuation of USD18.8 billion in just six years. The commissioning was completed in October 1997. ian.cotton@essaroil.co.uk and 07805 854169, Jeff Ovens, Managing Director, UK & Europe, jovens@fulcrum-bioenergy.com and 07399 472 650. Along with brother Ravi, Shashi Ruia laid the foundation of Essar and spearheaded its business strategy, diversification and growth. It also complements the announcement last month regarding a blue hydrogen development at Stanlow as part of the HyNet project. Sited on a 770 hectare industrialised area of Ellesmere Port, Cheshire, Stanlow benefits from its close proximity to major north-west metropolises, a robust configuration and reliable, well maintained assets. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. The joint venture company then went about consolidating operations and acquiring various telecom circles. Managing Director, Finance, Infra, Tech & Retail. This new development promises to lead the way to a cleaner and more sustainable future in the North West and change the way aviation fuel is made to help decarbonise the UK. Tempe, Arizona white page directory listings include full name, phone number and address. But this was not sufficient to meet its debt obligations. Operating Parter, Infrastructure & MD & CEO, Essar Ports. The refinery plays a strategic role in the UK economy, supplying 16% of all road transport fuels. 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. The Essar Group was established by Mr. Shashi Ruia and Mr. Ravi Ruia in 1969, in South India. This has improved the quality of the ore and reduced the transportation cost. Intelius does not provide consumer reports and is not a consumer reporting agency as defined by the FCRA. Mr Rajiv Gujjalu serves as Director Essar Global Fund Limited (EGFL). Physical location: 777 Novus, Suite 310AA, Tempe, AZ 85287-4308 Building: Novus Tower, Tempe Campus Mailing address: P.O. Sr. Stanlow Terminals Limited Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. Essar is investing to make our refinery at Stanlow, the UKs first low carbon refinery. The company approached State Bank of India (SBI), a leading public sector bank in India, for a loan. By this time, all of Essars businesses had grown significantly and the time had come for managing each business as an independent company. With over 32 years of work experience in the technological sector, Alok leads all new capital investment recommendations to the companys board. Marg, 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. Essars Indian lenders refused to bail the company out. Even during the downturn in the shipping industry, Essar Shipping registered profits. By continuing to use our website, you agree to our Privacy Policy Accept, Dedicated marine import capability to tankage. Vikash Saraf is the non-executive director of Essar Capital. An MBA from IIM Lucknow, Rakesh is a qualified Engineer from NIT, and brings with him 13 years of experience. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address the issue: Increase capacity, move to value-added segments and bring down finance costs. In early 2005, Essar restructured the balance sheet and work resumed with renewed vigor on completing the refinery project. 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. Essar began the process of refinancing one year in advance, in May 1998. 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. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. His strength lies in leading new business development opportunities and conducting preliminary due diligence and analysis of emergent companies and partners. Thus Essar was able to build one of the most valuable telecom companies in the world. India Salaya Vizag Stanlow. At that price, steel plant operations were simply unsustainable. Essar Oil UK to build $430 mln carbon capture facility at Stanlow He has held several leadership positions at Adani Group, Larson & Toubro Ltd, Binani Industries Ltd. amongst others. The majority of the investment - across a range of hydrogen production technologies, decarbonisation, biofuels and infrastructure projects - will be at its Stanlow site ($2.4bn), with the balance in India. 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. All Rights Reserved. Jatinder Mehra is the Vice Chairman & Operating Partner of Essar Capital. Prior to joining Essar, he was associated with EY as a Partner for 11 years. . In order to lend stability to the Group, Essar planned to enter manufacturing. In order to improve the efficiency, Essar Steel bought Stemcors 51 percent stake in HyGrade Pellets Limited, the pellet making venture of Essar. Essar Ports is both a people-driven and people-centric organisation. Haseeb Drabu is an economist with over 30 years of experience with diverse skill-sets and wide-ranging experience as a lawmaker, policy planner, banker and an economic commentator. 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. ENERGY Delivering cleaner/greener energy solutions, METALS & MINING Localise the supply chains for the industry, INFRASTRUCTURE & LOGISTICS Create logistics network, storage solutions and platforms by leveraging technology, TECHNOLOGY & RETAIL To be the trusted go to technology solution integrator. Managing Director, Finance, Infra, Tech & Retail, at Essar Capital. Gifts and Donations to: ASU Foundation Attn:Financial Services P.O. 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 . There was an FCCB (Foreign Currency Convertible Bonds) component that needed to be raised abroad in the latter half of 1998. As the world comes together to develop innovative ways of generating sustainable energy the supporting storage and transportation infrastructure needs to evolve. Shashi Ruia began his career in the family business in 1965 under the guidance of his father, the late Nand Kishore Ruia. After a fierce round of bidding that involved several corporations, Vodafone bought the Hutchison stake valued at USD 11.5 billion. 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. Vessel handling, product discharge, processing, blending and more, Connectivity Solutions Work on the refinery was progressing as per schedule till the first quarter of 1998. He also has rich experience in leading change management, cultural transformation, organisational redesign and restructuring. 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. Essar Shipping diversified and modernised its fleet in the early 1990s. Essar Oil UK bought the Stanlow refinery at Ellesmere Port from Shell in 2011. In the early 1980s, when the government opened up the ownership and operation of Offshore Supply Vessels (OSV) to private Indian companies, Essar was one of the first to enter the fray. Vertex's low carbon hydrogen production plant will be a core part of the HyNet low carbon cluster. 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. 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. The FRNs were due for refinancing in 1999, the year that marked the end of the five-year term. 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. This will be the first Fulcrum plant outside the United States. 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. 4900 Hopyard Road Left with no option, Essar was forced to default on the FRN loan, despite having made concrete plans for refinancing. Essar Oil UK said Stanlow was operating as normal during the current fuel crisis, and supplying fuel to north-west petrol stations as normal, as panic buying hits forecourts across the country. His entrepreneurial abilities have enabled the Essar Global portfolio of companies to become one of the leading names in global industry. 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. Just before the issue was launched, India tested the nuclear bomb at Pokhran. He holds a BA (Hons) in Economics and a Masters in Investment and Finance. For SBI, the proposal posed a real challenge since it involved a first-of-its-kind transaction for the bank as well! 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. When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. In those early days of the telecom boom in India, effective policies were lacking and private telecom businesses were faced with several problems. About Our Company - Essar 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.