Essar will achieve its decarbonisations targets through a combination of incremental (energy efficiency and operating improvements) and transformational projects, including the 360 million carbon capture plant announced today, but also as a result of the significant investments Essar is making into hydrogen and biofuels. Essar JV to build UK's largest hydrogen hub 2 min read . 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. Essar House, Crude oil is supplied to the refinery via a 15 mile pipeline from the companys Tranmere facility further downstream in the Mersey Estuary. Choose Additional Cities in Arizona by Selecting the First Letter of the City. Shashi Ruia began his career in the family business in 1965 under the guidance of his father, the late Nand Kishore Ruia. Stanlow, 30th November 2022: Essar Oil UK Limited (Essar or the Company) today announces its plan to build a 360 million major new carbon capture plant at its Stanlow refinery in line with its ambition to become a leading low carbon refinery by 2030. In the second quarter, a devastating cyclone hit the western coast of India damaging several structures in the refinery site. Essar Ports is both a people-driven and people-centric organisation. 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. It also enables the import of large parcels of diesel. 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. 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. He has also advised boards and management on major transactions in 34 countries. Strategic investments in setting up world-class facilities in Steel, Power, Ports, Oil and Gas. As a result, while most shipping companies in India were making losses in the 80s, Essar was reaping profits. . Media contact. This has improved the quality of the ore and reduced the transportation cost. Essars Indian lenders refused to bail the company out. In order to lend stability to the Group, Essar planned to enter manufacturing. In 2012, he was awarded an excellence award for his contribution to renewable energy and sustainability by the Energy and Environment Foundation. ian.cotton@essaroil.co.uk and 07805 854169, Jeff Ovens, Managing Director, UK & Europe, jovens@fulcrum-bioenergy.com and 07399 472 650. 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. They primarily export from United States with 17 shipments . Essar Oil UK, which operates Stanlow Refinery, and Fulcrum BioEnergy, based in California, US, have teamed up with Stanlow Terminals to develop the . All Rights Reserved. Stanlow Manufacturing Complex, 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). After a fierce round of bidding that involved several corporations, Vodafone bought the Hutchison stake valued at USD 11.5 billion. Rakesh Kankanala is the Managing Director, Managing Director, M&A, Infrastructure, of Essar Capital. Stanlow Terminals Limited Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4BD United Kingdom . 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. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking for Infrastructure. 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. Vertex Hydrogen - Building a low carbon future Copyright 2023 Essar. In this way, the share of value-added products increased from 35 percent to 70 percent of total production. In addition, Fulcrum NorthPoint was awarded a grant by the UK Government Department for Transport. Essar Oil UK is committed to helping drive the UK's decarbonisation strategy. Phone. 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. 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. 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. He is a strong business development professional with a Mechanical Engineering Degree from Aligarh Muslim University. The UK's 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. Essar Oil UK and Fulcrum BioEnergy reveal SAF plant plans 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. 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. Essar Site 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. 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. This was not sufficient for the business to achieve and sustain long-term growth. He would be responsible for advising and leading the company with regards all investments and opportunities in the metals & mining sector. An offering that prides itself in the highest levels of safety to protect our people, your people and the communities we operate in. Ensuring your bulk liquid products reach their destinations with ease. 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. M: +44 (0)7805 854 169 E: ian.cotton@essaroil.co.uk . 4900 Hopyard Road Suite 220 Pleasanton, CA 94588. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. 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. Mr Mehra is involved in various Essar initiatives in areas of Business Strategy, Investments, Corporate Governance, Risk Management and Sustainability. Were primed to lead the national charge in the development of changing energy infrastructure and create the UKs first sustainable energy hub. 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. 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. 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. 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. 11, K.K. 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. Earlier on he has worked with TCS in the beginning of his career. For SBI, the proposal posed a real challenge since it involved a first-of-its-kind transaction for the bank as well! Vertex's low carbon hydrogen production plant will be a core part of the HyNet low carbon cluster. 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. The commissioning was completed in October 1997. 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. Essar Capital Limited (Essar Capital) is the investment manager of Essar Global Fund Limited (EGFL). Rahul Taneja is the Managing Director, Human Capital at Essar Capital. 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. An MBA from IIM Lucknow, Rakesh is a qualified Engineer from NIT, and brings with him 13 years of experience. These include the construction of two new low carbon hydrogen production units on site as part of HyNet, with a planned total investment of 1 billon. 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. 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. 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. This debt was refinanced later when the government set up the Power Finance Corporation. Contact Us | ASU Foundation 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. The ambitious plan sets firm foundations to accelerate the UK's path to net zero while transforming the economy, boosting employment and delivering growth. Located near Ellesmere Port in north west England, the Stanlow refinery is the second largest in the UK. Prashant holds key positions on several prestigious regulatory and professional boards. Name Address Address(maps) LinkedIn Alibaba AliExpress Global Sources Want to send an RFI or RFQ to this supplier? Correspondence address Essar Oil (uk) Limited, Lansdowne House - 2nd Floor East, Berkeley Square, London, England, W1J 6ER . 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. His strength lies in leading new business development opportunities and conducting preliminary due diligence and analysis of emergent companies and partners. 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. Last month Essar Oil UK announced its participation in the production of blue hydrogen under the HyNet project. Essar Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. 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. Box 2260 Tempe, Arizona 85280-2260 For all other mailing needs: ASU Foundation P.O. Object reference not set to an instance of an object. He has held key leadership positions at Jindal Steel & Power Ltd, Jet Airways, Essar and Dell international. : +91-22- 66601100 Fax: +91-22-66601809 Write to us : Mumbai Essar Equinox Business Park (Peninsula Techno Park), Off Bandra Kurla Complex, Work on the refinery was progressing as per schedule till the first quarter of 1998. We are committed and primed to lead the national charge in the development of a more sustainable energy infrastructure by creating the UKs first eco-friendly energy hub. Firdose Coovadia is an Advisor, Metals & Mining, at Essar Capital. Essar launches EET to invest $3.6 bn in energy transition in UK, India Vikash Saraf is the non-executive director of Essar Capital. All Rights Reserved. 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. Together, these initiatives will help diversify the refinery in a greener direction, and help achieve the UK's decarbonisation goals. Badrinath is a seasoned legal professional with over 29 years of core experience in implementing legal policies for corporates in the manufacturing, oil & gas and services sectors. Following this maiden contract, Essar bagged projects at every major port in the country, including Tuticorin, Mangalore, Goa, Kakinada and Nhava-Sheva in Mumbai. Srinivasan Vaidyanathan is the Operating Partner, Technology & Retail, at Essar Capital. In September, EOUK announced it had signed a Heads of Terms offtake agreement with Vertex, a joint venture with Progressive Energy, for the supply of 280MW+ of hydrogen. Essar negotiated with the FRN holders for a one-time settlement and refinanced its entire rupee debt at a lower cost. Essar is already making rapid progress against its broader decarbonisation targets. The Essar Group was established by Mr. Shashi Ruia and Mr. Ravi Ruia in 1969, in South India. At Stanlow Terminals, we pride ourselves on being flexible to our customers' needs, with a market leading storage offering. Because of Essars experience in marine construction projects, the shipping business was a natural extension. 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. His entrepreneurial abilities have enabled the Essar Global portfolio of companies to become one of the leading names in global industry. Also, the financial sanctions imposed on India subsequent to the Pokhran nuclear test in May 1998 ensured that Essar was banned from raising FCCBs. Essar began the process of refinancing one year in advance, in May 1998. Essar also entered the power and telecom sectors as and when they were opened up to private participation. The Research & Development team developed high-end products for specialized applications, like interstitial free steel for auto and auto components, high-end API grade steel for the petroleum industry, steel conforming to the ABS standard for ship building industry and so on. Email address: SSTAdvising@asu.edu / SSTGradAdvising@asu.edu Phone: 480-965-7682 Location: Advising offices are located in 777 Novus, Suite . Essar Group on Monday announced a fresh investment of $3.6 billion in setting up an Essar Energy Transition (EET) to spearhead green energy transition projects in the UK and India. 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. Sunil is also the President of Wind Independent Power Producers Association. Essar Energy enters into agreement to buy Royal Dutch Shell's Stanlow refinery for US$350 million. He joined Essar in early 2000 and has played a key role on strategic investments of Essar in core economy and infrastructure sectors. Essar Oil (UK) Limited 2021. . After achieving success and recognition in India, the Company was now poised to venture overseas. 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. 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. Doaa AboulThomas AbbottSusan AdamsEmilio AbundioBorzu AfshariRay AdamsAnn Addington, Mesa, AZPhoenix, AZChandler, AZScottsdale, AZGilbert, AZ. Utilising the world class facilities available at Essar, including the impressive jet fuel storage facility at Stanlow Terminals Limited and direct pipeline to UK airports, Fulcrum, along with its current and future investors, will be able to build and operate its facility more efficiently and sets the 'gold standard' for SAF production by fully integrating its new, low carbon fuel technology directly within an existing refinery.Fulcrum's fuel will enable airlines to reduce their impact on the environment and help put the aviation industry on its path to a more sustainable long-term operation. Stanlow Terminals Limited Essar JV to build UK's largest hydrogen hub | Mint Independently, Essar had acquired licenses in seven circles where Hutchison Essar did not have operations, and in four circles of BPL. 4900 Hopyard Road Having started his career with HPCL, he worked with National Oil Nigeria, Reliance Industries Ltd., TotalFinaELF and Gulf Oil India. Sunil Jain is the Operating Partner for Energy transitions. 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. Box 2260 Tempe, Arizona 85280-2260 To visit us on site: ASU Fulton Center 300 E. University Drive Tempe, AZ . Locating this facility in the North West of England at a strategic location will create new, skilled jobs whilst simultaneously contributing to the UK's Net Zero 2050 objectives. You may not use any information obtained from Intelius for any purpose covered by the FCRA. Dockers at Stanlow refinery in Cheshire have refused to unload a shipment of Russian oil. Tempe, Arizona white page directory listings include full name, phone number and address. The green energy projects will include an investment of $1.2 billion in green ammonia manufacturing in India. Essar Oil UK Ltd - Code Of Conduct.pdf document - PDF | 4.8MB, Essar Oil UK - Anti-Slavery and Human Trafficking Statement.pdf document - PDF | 85.6KB, Essar Gender Pay Gap 2021.pdf document - PDF | 1.2MB, Tax Strategy Policy.pdf document - PDF | 481.5KB, The Stanlow Terminals Road Terminal which has significant spare capacity which provides supply resilience for the region, A direct connection via the UK Oil Pipeline through to Kingsbury, Northampton and beyond towards London, A pipeline connection to the UKs busiest regional airport at Manchester, Six berths on the Manchester Ship Canal handling export parcels of up to 10,000 tonnes, 4.4 billion litres of diesel every year - enough to drive a car doing 40 mpg 4,000 times around the equator every day, 3billion litres of petrol a year enough to drive a car 20 million times around the world, 2billion litres of jet fuela year enough to fuel 17,000 jumbo jets flying from Manchester to Los Angeles, Stanlow is one of thelargest refineries in Europe covering an area the equivalent of 300 football pitches, The refinery processes up to 9million tonnes of crude every year - thats more than 20,000 litres per minute, Distribution of products from Stanlow is mainly via road and pipeline. 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. Being the largest independent means we can move quickly to meet your bulk liquid storage needs, Unique Refinery Access Essar to Invest $1 Billion into Two Blue Hydrogen Plants in the U.K. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. 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. This brought down the capital cost per tonne of steel, which helped reduce overall cost of production. Prior to joining Essar, he has worked with Caf Coffee Day and UB Spirits. It had a fleet of over 100 vehicles of varying capacities. 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. Stanlow, 15th February, 2021. Essar again grabbed the opportunity and went on to become Indias largest rig operator in the private sector. 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. With over 32 years of work experience in the technological sector, Alok leads all new capital investment recommendations to the companys board. He has worked as an Economic Advisor, and the principal economic policy maker at the state level for seven years. There was an FCCB (Foreign Currency Convertible Bonds) component that needed to be raised abroad in the latter half of 1998. Maharashtra, India, Copyright 2021 All rights reserved White Pages - Find People In | Addresses Sale to Brookfield Asset Management Company, 10 MTPA integrated steel manufacturing complex. He established PetroFina in India and was part of the team that launched Gulf Oil in India post opening up of the market. 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.
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