Founded in 2007, Fulcrum BioEnergy, Inc. has developed a proprietary process, using commercially proven technology, to convert waste that would otherwise be landfilled or incinerated, into low-carbon, ultra clean burning liquid transportation fuels (Fulcrum FuelTM). As Fulcrum's first facility in the United Kingdom, NorthPoint will be located at the Essar Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. 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. Mr Viral Gathani is the Managing Director, Finance, Energy, at Essar Capital. Earlier on he has worked with TCS in the beginning of his career. 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. And in February, Essar announced it has joined forces with Fulcrum BioEnergy and Essar's subsidiary company Stanlow Terminals to create a new 600m facility which will convert non-recyclable. Once complete in 2027, the plant will eliminate an estimated 0.81 million tons of CO2 per year the equivalent of taking 400,000 cars off the road, eliminating nearly 40% of all Stanlow emissions. Investing in an end-to-end logistics infrastructure. 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 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 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. 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. He is a part of the Management Committee of Essar Capital. Until then, only foreign construction companies would undertake a project of this magnitude and complexity. He also worked at Essar Oil Limited, India, as CEO Marketing & IST, and was responsible for Retail Sales, Direct Sales, Retail Network Expansion, Sourcing Crude, Trading of Petroleum Products and Supply & Distribution in India and Kenya. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking for Infrastructure. Sanjay Palve is the Sr. Vessel handling, product discharge, processing, blending and more, Connectivity Solutions Essar had contracts with Chevron, Exxon-Mobil, Stat Oil, Shell, etc. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. With 18 years of experience, he has also served as the Senior Vice President, International Projects and Corporate Finance, with Essar Services. Vertex Hydrogen is a joint venture between Essar Oil UK and Progressive Energy. Six business areas in the core sectorConstruction, Shipping, Steel, Power, Oil & Gas, and Telecommunicationswere identified as growth drivers for the Group. The commissioning was completed in October 1997. Tempe, Arizona white page directory listings include full name, phone number and address. For cheapest and greenest transportation of your products, Beyond Storage 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. He has over 28 years of experience in investment banking, private equity, audit and investment in a variety of institutions including KPMG and UBS Warburg. Phone. 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. Prior to joining Essar, he was the Vice President and General Counsel at Hindustan Construction Company Ltd. Within 18 months after work resumed, Essar began commissioning the refinery in phases. 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. The construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. . Essar replaced Swiss PTT with Hutchison as partner. 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. In addition, Essar Oil UK operates an integrated terminal and marine facility at Stanlow and Tranmere on behalf Stanlow Terminals. Fulcrum's partner, Essar, will assist with the blending and supply the sustainable aviation fuel to airlines, with Stanlow Terminals Limited providing product storage and logistics solutions for the project under a long-term agreement. Our latest List Price, effective from 2nd March, for Ex Rack sales is as follows. 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. Our ambition is to become a leading low carbon refinery. 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 takeover of SCGL has enabled Essar to widen its product base and cater to a larger segment of industries. Sunil is also the President of Wind Independent Power Producers Association. as panic buying hits forecourts across the country. The project, which will fully integrate Essar, Stanlow Terminals Limited and Fulcrum assets and technology, is part of a number of innovative solutions at Stanlow designed to cut carbon emissions and contribute to the UK Government's Ten Point Plan for a Green Industrial Revolution. Bespoke sustainable solutions to suit logistics and supply chain requirements. The challenge was to select a sector that was an import substitute, with a product that had long-term demand and served a national purpose. The 1980s: Supporting Indias nascent exploration sector. Essar Energy, which owns the Stanlow. Address. Priya Chakravarty is the Senior Director, HR, at Essar Capital. Box 2260 Tempe, Arizona 85280-2260 To visit us on site: ASU Fulton Center 300 E. University Drive Tempe, AZ . Sale included 20 MTPA refinery, retail, port and related infrastructure. The company's spirited involvement in community service . In order to improve the efficiency, Essar Steel bought Stemcors 51 percent stake in HyGrade Pellets Limited, the pellet making venture of Essar. 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. He has worked as an Economic Advisor, and the principal economic policy maker at the state level for seven years. 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. Suite 220 All its Suezmax tankers were approved by oil majors, an endorsement that fetches a premium in freight. Managing Director, Finance, Infra, Tech & Retail, at Essar Capital. 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. 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. Further, the company has now returned to Ebitda positive [earnings before interest, taxes, depreciation, and amortisation] and is therefore in a much stronger position to weather the continued challenge presented by the pandemic, it said. Having completed his law degree from the University of Leeds, United Kingdom, Andrew has over 25 years of rich experience. He has held several leadership positions at Adani Group, Larson & Toubro Ltd, Binani Industries Ltd. amongst others. It involved buying an asset against the securitisation of receivables. 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. Last month Essar Oil UK announced its participation in the production of blue hydrogen under the HyNet project. Firdose has extensive experience in emerging markets, having been involved in advising governments, parastatals and companies in Africa, India, Europe and the Middle East. By 2006, all the circles were under one umbrellaHutchison Essar Limited. The Fulcrum venture will complement Essar's wider plans to build a green energy industrial cluster at the Stanlow site. Box 874308 Main phone: 480-965-7682 Fax: 480-965-9199 Undergraduate & Graduate Advising. REUTERS/Phil Noble LONDON, Nov 30 (Reuters) - Essar Oil UK said on Wednesday it planned. 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. Essar Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. This has improved the quality of the ore and reduced the transportation cost. This led to financial sanctions being imposed on India and Indian companies no longer had access to foreign funds. 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. In early 2005, Essar restructured the balance sheet and work resumed with renewed vigor on completing the refinery project. The returns from the transition will not only outperform benchmark returns but also contribute to a sustainable society within the framework of Environmental, Social and Governance (ESG) and transform sectors for a post carbon economy. He Joined Essar in 1997 as COO in Essar Telecom and was the Executive Director of Essar Shipping Limited from 1998-2002. In order to lend stability to the Group, Essar planned to enter manufacturing. Managing Director, Finance, Metals & Mining. Essar has invested in a portfolio of world-class companies across sectors and geographies. . Managing Director, Finance, Infrastructure, Technology & Retail, Managing Director, Business Development, Metals & Mining, Download Corporate Film(Extended Version). He was the Chief Executive Officer and Board Member at Essar Oil UK Limited. 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. Essar Energy. 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). By offering efficient low carbon logistics solutions to develop third party business we support diversification of the traditional refinery business and become a fundamental part of the UK drive to become carbon neutral. 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. 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. He has played an integral role in many landmark private equity transactions and has also managed many regional and global private equity funds. 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. Hazira was also the land fall point for gas from the Bassein gas field in Bombay High. However, the recovery from the pandemic has been slower than predicted, the company said, adding that it hopes for a resolution soon. Work on the refinery began in 1994, and by 1995, the necessary funding was in place. The company began its operations with the construction of an outer breakwater in Chennai port, an order worth Rs 2.5 crore. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. 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. 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. Just before the issue was launched, India tested the nuclear bomb at Pokhran. Now, Essar is all set to team up with the new JV partner Vodafone to take growth to the next level. With over 20 years of experience in the field of M&A and transactions, he leads all the M&A structuring on complex transactions globally for Essar Capital. Managing Director, Finance, Infra, Tech & Retail. Following this maiden contract, Essar bagged projects at every major port in the country, including Tuticorin, Mangalore, Goa, Kakinada and Nhava-Sheva in Mumbai. Eventually, the loan was sanctioned, with a repayment structure that was unique for its time. Having started his career with HPCL, he worked with National Oil Nigeria, Reliance Industries Ltd., TotalFinaELF and Gulf Oil India. Object reference not set to an instance of an object. 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. The aim was to build a diverse fleet that could help hedge any downturns in the business. Alok Gupta is the Operating Partner, Technology & Retail, at Essar Capital. Were primed to lead the national charge in the development of changing energy infrastructure and create the UKs first sustainable energy hub. 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. At the same time, the 8 MTPA iron ore beneficiation plant at Bailadila and the 267-km slurry pipeline were completed. Marg, 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. He is responsible for investigation, analysis and assessment of risk, and accordingly design and implement strategies and processes which mitigate these threats. The refinery plays a strategic role in the UK economy, supplying 16% of all road transport fuels. 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 Constructions grew its activities considerably over the years. 4900 Hopyard Road Correspondence address Essar Oil (uk) Limited, Lansdowne House - 2nd Floor East, Berkeley Square, London, England, W1J 6ER . Role Active Director Date of birth July 1961 Essar Constructions executed pipe laying contracts for all the major oil companies in India, and drinking water pipelines in Gujarat, Tamilnadu and Rajasthan. Essar again grabbed the opportunity and went on to become Indias largest rig operator in the private sector. Prashant is part of the second generation of the Ruia family that founded Essar. General enquiry Contact us Commercial enquiry Retail enquiry Purchasing and Supplier Management (PSM) enquiry Careers enquiry General enquiry For general enquiries please write to: Stanlow Refinery Ellesmere Port Cheshire CH65 4HB Or phone Switchboard 0151 350 4000 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. 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. Sunil Jain is the Operating Partner for Energy transitions. 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. He is an experienced professional and an industry veteran, with 33 years experience with Tata Steel and 11 years with Jindal Steel & Power. 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. Tempe, Arizona white page directory listings include full name, phone number and address. With over 32 years of work experience in the technological sector, Alok leads all new capital investment recommendations to the companys board. Copyright 2023 Essar. The company approached State Bank of India (SBI), a leading public sector bank in India, for a loan. What started out with an initial investment of USD 800 million had reached a valuation of USD18.8 billion in just six years. He is responsible to advise and represent the company for all the legal matters concerning the Energy sector investments and portfolio businesses. In 2005, when the government came out with the unified licensing scheme, the JV started merging all the telecom circles. As a result of that work over the past few months, EOUK has $1.1bn [800m] in liquidity secured. Vikash Saraf is the non-executive director of Essar Capital. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. exploration & productionand downstream, into refining. 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. He has over 25 years of work experience in the field of M&A and Transactions. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. Essar owned 33% stake in the consolidated entity. A slew of projects in each of these businesses were initiated in the 1990s when the Indian economy was booming. Stanlow Terminals Limited Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4BD United Kingdom . 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 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. 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. Dhanpat Nahata is the General Partner, Strategy and Risk, at Essar Capital. Essar wanted to buy out Hutchisons stake and tied up a line of credit of over USD 11 billion. His academic research paper on Sustainability and Renewable Consumption Obligation has been presented at forums of international repute. Essar Oil (UK) Limited 2021. Stanlow Terminals Limited 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. For SBI, the proposal posed a real challenge since it involved a first-of-its-kind transaction for the bank as well! Essar was founded in 1969 by his father, Shashi Ruia and uncle Ravi Ruia. Copyright 2023 Essar. Correspondence address The Administration Building, 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB . Recently, he was also awarded Business Leader of the Year in the NBFC segment by ET Now. Worse was to follow. 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. The company received underwriting commitments from Chase and Lehman Brothers. All companies under the TTP have been given until January 2022 to meet their commitments. The energy industry is changing. 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. The Fair Credit Reporting Act ("FCRA") is a federal law that promotes the accuracy, fairness and privacy of information in the files of consumer reporting agencies. 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 House, 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. He has overseen Essars BPO and Power businesses, Smiti is a self-driven business leader and a true entrepreneur at heart. 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. Plant owner. 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. 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. 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 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.
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