essar stanlow address

Retrieved 30 March 2012. 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. 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. The commissioning was completed in October 1997. Located between Manchester and Liverpool on the west coast of the United Kingdom, Stanlow is connected to sea freight routes that extend globally, and are served by a host of international shipping lines such as ACL, MSC and NYK. 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. 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 joint venture company then went about consolidating operations and acquiring various telecom circles. 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. In those early days of the telecom boom in India, effective policies were lacking and private telecom businesses were faced with several problems. Viral has held key leadership positions at Vedanta Resources Plc, CIMB Securities/ Royal Bank of Scotland, Warburg Pincus, Citigroup, and Credit Suisse. 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. Try LightSource for your strategic sourcing. In order to improve the efficiency, Essar Steel bought Stemcors 51 percent stake in HyGrade Pellets Limited, the pellet making venture of Essar. Having completed his law degree from the University of Leeds, United Kingdom, Andrew has over 25 years of rich experience. 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. In 2006, Hutchison, too, decided to exit India. 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. The FRNs were due for refinancing in 1999, the year that marked the end of the five-year term. In order to lend stability to the Group, Essar planned to enter manufacturing. Box 2260 Tempe, Arizona 85280-2260 For all other mailing needs: ASU Foundation P.O. Managing Director, Finance, Infra, Tech & Retail, at Essar Capital. Unlike other fuel technologies currently being considered by industry, the use of SAF does not require changes to aircraft, engines, or airport infrastructure. He has held several leadership positions at Adani Group, Larson & Toubro Ltd, Binani Industries Ltd. amongst others. You may not use any information obtained from Intelius for any purpose covered by the FCRA. It invested in relevant logistics assets. Suite 220 Tempe, Arizona white page directory listings include full name, phone number and address. Copyright 2023 Essar. 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. 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. This is equivalent to the domestic heating energy used by a major British city region, such as Liverpool. 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. Mahalaxmi, 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. In the second quarter, a devastating cyclone hit the western coast of India damaging several structures in the refinery site. Subsequent to the HyGrade takeover, the pellet making capacity was enhanced to 8 MTPA. 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. 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. In early 2005, Essar restructured the balance sheet and work resumed with renewed vigor on completing the refinery project. Strategic investments in setting up world-class facilities in Steel, Power, Ports, Oil and Gas. 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. 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. Plant owner. This prompted Essar to start manufacturing sponge iron. It still owes 223m, and was reportedly due to start repayments this week. Kailash Daultani currently serves as the Managing Director, Treasury and Finance, at Essar Capital. All these projects helped transform Essar Constructions into a leading EPC contractor. By this time, all of Essars businesses had grown significantly and the time had come for managing each business as an independent company. In addition, SAF produced at the site offers a 90% reduction in particulates, which may benefit local air quality in and around airports. He has held several senior management positions within the financial services industry over the past twenty-two years with experience in stockbroking, investment and treasury management, corporate and fund administration and insurance mainly in Mauritius and Canada. Sale included 20 MTPA refinery, retail, port and related infrastructure. With Assets Under Management (AUM) of USD 8.2 billion, as on 31 March 2021, and a net asset value of USD 4.4 billion, the current investment portfolio of EGFL is future centric and value accretive. But this was not sufficient to meet its debt obligations. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. Not only is it the right environmental thing to do, it will future proof the critical Stanlow refinery for the long term, protecting jobs and industry, while also placing Stanlow at the very centre of the UKs energy transition.. 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. Because of Essars experience in marine construction projects, the shipping business was a natural extension. Both these factors led to a stoppage of work at the refinery, The Mid-2000s: Resurrecting the Essar Oil Refinery. All Rights Reserved. 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. All of its portfolio companies share the Funds ESG centric value system, reflecting the philosophy of placing people before profit. 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. The sponge iron plant became a hugely successful venture. Box 874308 Main phone: 480-965-7682 Fax: 480-965-9199 Undergraduate & Graduate Advising. 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 . This will be the first Fulcrum plant outside the United States. Essar Logistics took care of the movement of cargo, generated by Essar Steel and Essar Oil, by road. Realising the need to be a niche player in the global transportation industry, Essar drew up a plan to be a complete logistics solution provider. The company received underwriting commitments from Chase and Lehman Brothers. 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. In addition, Essar Oil UK operates an integrated terminal and marine facility at Stanlow and Tranmere on behalf Stanlow Terminals. 11, K.K. 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. Essars energy transition strategy is based on five principles: running the core Stanlow refining processes as efficiently and safely as possible; decarbonising Stanlows operations; building a hydrogen future through the launch of Vertex Hydrogen (Vertex) and as a key part of the HyNet consortium; developing green fuels (including Sustainable Aviation Fuels); and establishing the UKs largest biofuels storage facility through Stanlow Terminals Limited. Work on the refinery was progressing as per schedule till the first quarter of 1998. Just before the issue was launched, India tested the nuclear bomb at Pokhran. All these activities were consolidated under Essar Shipping and Logistics Limited. . Located near Ellesmere Port in north west England, the Stanlow refinery is the second largest in the UK. He is on the Boards of World Steel Association, and the Metals & Mining and Energy industry Committee of the World Economic Forum. Prior to Essar, he has worked with Archean Group as Group President, and with SIVA group as CEO for about 15 years. It that happened, the refinery would be likely to be taken on by the official receiver, to keep the refinery running. A slew of projects in each of these businesses were initiated in the 1990s when the Indian economy was booming. 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. An offering that prides itself in the highest levels of safety to protect our people, your people and the communities we operate in. Badrinath Durvasula joined Essar as the Managing Director, Legal, and oversees and advises the legal function for the Energy, Services & Technology sectors. 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. 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. Prior to being the Managing Director at Essar Capital, Rakesh has been at leadership positions in Essar Ports. Essar then acquired licenses for Eastern UP, Rajasthan, Haryana and Punjab. When Essar conceived the project, international steel prices were in the region of USD 450 per tonne. 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. This was not sufficient for the business to achieve and sustain long-term growth. He has a strong professional record in streamlining litigation, M&A, turnkey contract management, IPR, project financing, international arbitration and compliance support. 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. She has earlier worked with Cipla as Head HR International Business, and has also volunteered with the Akanksha Foundation. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. Essar replaced Swiss PTT with Hutchison as partner. Intelius reports cannot be used for background checks related to consumer credit, insurance, employment, housing or any other purpose prohibited under the FCRA. 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 . Top-lines crashed, while interest rates were at their highest ever (Prime Lending Rates had touched 17 percent). Your price for Delivered in supplies will be subject to delivery costs. He is a part of the Management Committee of Essar Capital. Within 18 months after work resumed, Essar began commissioning the refinery in phases. He Joined Essar in 1997 as COO in Essar Telecom and was the Executive Director of Essar Shipping Limited from 1998-2002. 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. 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. Were primed to lead the national charge in the development of changing energy infrastructure and create the UKs first sustainable energy hub. Essar also reentered the contract drilling services business after a hiatus of three years. Prashant holds key positions on several prestigious regulatory and professional boards. 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 takeover of SCGL has enabled Essar to widen its product base and cater to a larger segment of industries. 4900 Hopyard Road The site was chosen due to its industrial nature, a skilled local workforce and existing refinery infrastructure, including a direct pipeline to Manchester Airport which can be used to transport the sustainable aviation fuel to aircraft. Essar had financed the project through a combination of rupee debt and Floating Rate Notes (FRN)both on a five-year tenure. 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. 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. The Essar Group was established by Mr. Shashi Ruia and Mr. Ravi Ruia in 1969, in South India. Low carbon hydrogen will be produced at the Stanlow Manufacturing Complex located in Ellesmere Port, Cheshire. 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. 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. Essar Oil UK (EOUK) used the governments pandemic VAT deferral scheme last year, which allowed businesses to delay tax repayments. 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. 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. Prior to joining Essar, he was the CEO of Religare Finvest Limited (RFL) and the Managing Director of Religare Housing Development Finance Corporation (RHDCL). However, Essars chosen policy was to get into areas of import substitution, high technology and national importance. 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. 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. 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. Thangapandian Srinivasalu currently serves as the Advisor for investments in the Energy sector at Essar Capital. Essar Energy. Intelius does not provide consumer reports and is not a consumer reporting agency as defined by the FCRA. M: +44 (0)7805 854 169 E: ian.cotton@essaroil.co.uk . It involved buying an asset against the securitisation of receivables. It also enables the import of large parcels of diesel. 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. Stanlow Terminals Limited Managing Director, Finance, Infra, Tech & Retail. Essar Oil (UK) Limited 2021. This brought down the capital cost per tonne of steel, which helped reduce overall cost of production. Essar Capital is governed by its board of directors and its responsibilities as investment manager of EGFL include: Essar House, 11 KK Marg, Mahalaxmi, Mumbai 400 034, India. 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. 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. Email. Prior to Essar, he was the CEO & Executive Director of Hero Future Energies Pvt Ltd. 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. Essar continues to be the largest Indian exporter of flat steel. The company approached State Bank of India (SBI), a leading public sector bank in India, for a loan. 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. Mr Mehra is involved in various Essar initiatives in areas of Business Strategy, Investments, Corporate Governance, Risk Management and Sustainability. [1] www.essaroil.co.uk/news/uks-first-refinery-based-hydrogen-furnace-arrives-at-essar/. He has led natural resources sector businesses for major investment banks globally. Stanlow. Dockers at Stanlow refinery in Cheshire have refused to unload a shipment of Russian oil. Our ambition is to become a leading low carbon refinery. 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. The Late 1980s: Foray into core sector manufacturing. 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. At Stanlow Terminals, we pride ourselves on being flexible to our customers' needs, with a market leading storage offering. Well do this through a combination of our unique geographical location, decades of experience and a passion for a greener, cleaner planet. Prior to joining Essar, he was the Vice President and General Counsel at Hindustan Construction Company Ltd. By 2030, Vertex expects to deliver nearly 4GW of low carbon hydrogen, equivalent to c.40% of the UK Governments national target. He started his career with Escorts Limited where he worked and grew through various roles of operations and business development. Prior to joining Essar, he was associated with EY as a Partner for 11 years. If you would like a quote for delivery . Vertex's low carbon hydrogen production plant will be a core part of the HyNet low carbon cluster. 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. Rahul Taneja is the Managing Director, Human Capital at Essar Capital. . Tempe, Arizona white page directory listings include full name, phone number and address. In 2005, when the government came out with the unified licensing scheme, the JV started merging all the telecom circles. REUTERS/Phil Noble LONDON, Nov 30 (Reuters) - Essar Oil UK said on Wednesday it planned. Essar Oil (UK) Limited 2021. Prior to this, he was a partner with KPMGs risk consulting practice focusing on enterprise and compliance risk management, partnering with leading multinational companies in areas of GRC in India, North America and Middle East. 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 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. As a result of that work over the past few months, EOUK has $1.1bn [800m] in liquidity secured. 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.