Dhanpat Nahata is the General Partner, Strategy and Risk, at Essar Capital. In addition to outside contracts, it executed all of Essars internal projects. An MBA from IIM Lucknow, Rakesh is a qualified Engineer from NIT, and brings with him 13 years of experience. Just before the issue was launched, India tested the nuclear bomb at Pokhran. Essar Oil UK Contact us Contact us How can we help you? He has also led digitalisation initiative in GRC space and was instrumental in running technology-based solution around enterprise risk, compliance risk, license management and document repository systems. In addition, Fulcrum NorthPoint was awarded a grant by the UK Government Department for Transport. As part of the backward integration, a 4 MTPA pellet plant was set up in Visakhapatnam; forward integration was achieved with a 2 MTPA steel plant. For Essar's Stanlow Terminals Limited, this is a breakthrough deal to provide dedicated tank capacity for the storage and blending of fuel products from Fulcrum NorthPoint. . Fulcrum is currently commissioning the world's first commercial waste-to-transportation fuels plant, located in the United States. The green energy projects will include an investment of $1.2 billion in green ammonia manufacturing in India. Essar braced itself for the oncoming challenge. Stanlow, 15th February, 2021. The company's spirited involvement in community service . Independently, Essar had acquired licenses in seven circles where Hutchison Essar did not have operations, and in four circles of BPL. Sponge iron generation capacity was also increased to 5.5 MTPA. She has more than 23 years of experience in Human Resources, having worked across industries like Manufacturing, Pharma, IT and Retail. What started out with an initial investment of USD 800 million had reached a valuation of USD18.8 billion in just six years. He started his career with Escorts Limited where he worked and grew through various roles of operations and business development. The aim was to build a diverse fleet that could help hedge any downturns in the business. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. A fleet of 13 onshore rigs and a semi-submersible rig were deployed with clients in India and abroad. As a result, while most shipping companies in India were making losses in the 80s, Essar was reaping profits. He has over 25 years of work experience in the field of M&A and Transactions. Kailash Daultani currently serves as the Managing Director, Treasury and Finance, at Essar Capital. 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. Even during the downturn in the shipping industry, Essar Shipping registered profits. Within 18 months after work resumed, Essar began commissioning the refinery in phases. At Stanlow Terminals, we pride ourselves on being flexible to our customers' needs, with a market leading storage offering. . Rakesh Kankanala is the Managing Director, Managing Director, M&A, Infrastructure, of Essar Capital. This landmark development supports our long term sustainability ambition to deliver the energy solutions of the future and position Stanlow as the UK's leading sustainable aviation fuel hub. Essar subsidiary Stanlow Terminals is to provide storage and logistics services for a new 600 million (687.8 million) sustainable aviation fuel (SAF) plant to be built near Ellesmere Port, UK. Your price for Delivered in supplies will be subject to delivery costs. He was the Chief Executive Officer and Board Member at Essar Oil UK Limited. In addition to OSVs, it bought Diving Support Vessels and Multi Support Vessels. Moreover, the quality of scrap was also not always up to the mark. 2023 PeopleConnect, Inc. d/b/a Addresses.com. Essar began the process of refinancing one year in advance, in May 1998. 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. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. An oil giant has announced plans to invest 1.9bn in Stanlow oil refinery in Cheshire, including establishing a plant to supply industrial hydrogen. Prior to being the Managing Director at Essar Capital, Rakesh has been at leadership positions in Essar Ports. 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. 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. Mumbai - 400034 He is responsible for investigation, analysis and assessment of risk, and accordingly design and implement strategies and processes which mitigate these threats. Essar is investing to make our refinery at Stanlow, the UKs first low carbon refinery. This included an oil terminal at Vadinar with a capacity to receive 32 MTPA of crude, 14 MTPA product dispatch facilities through sea, crude storage facilities, and product dispatch facilities by road and rail. Essar 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. Managing Director, Finance, Infrastructure, Technology & Retail, Managing Director, Business Development, Metals & Mining, Download Corporate Film(Extended Version). Essar Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. He has held several leadership positions at Adani Group, Larson & Toubro Ltd, Binani Industries Ltd. amongst others. Essar Constructions executed pipe laying contracts for all the major oil companies in India, and drinking water pipelines in Gujarat, Tamilnadu and Rajasthan. Essar also entered the power and telecom sectors as and when they were opened up to private participation. In addition, Essar Oil UK operates an integrated terminal and marine facility at Stanlow and Tranmere on behalf Stanlow Terminals. Essars Indian lenders refused to bail the company out. Srinivasan Vaidyanathan is the Operating Partner, Technology & Retail, at Essar Capital. 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. It had a fleet of over 100 vehicles of varying capacities. 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. 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. Around this time, Bombay High had just started producing oil, which needed to be transported onshore. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. The company approached State Bank of India (SBI), a leading public sector bank in India, for a loan. The Manchester Ship Canal that connects Liverpool to Manchester also provides further hinterland water connection to North West UK. Jatinder Mehra is the Vice Chairman & Operating Partner of Essar Capital. 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. The sponge iron plant became a hugely successful venture. 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). Essar Ports Limited He was appointed as MD & CEO of Essar Shipping, Ports & Logistics Limited in 2010. The experience in contract drilling prompted the Group to venture into the upstream in the Oil sectori.e. He joined Burmah Shell in 1957, also known as Bharat Petroleum Corporation Ltd after it was nationalised, and retired from it as director marketing. 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. 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 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. We unlock trapped value for energy partners feeling shackled by a lack of innovation and the status quo by maximising our flexible, end-to-end, safe and agile approach to logistics solutions management. For SBI, the proposal posed a real challenge since it involved a first-of-its-kind transaction for the bank as well! . Also, the financial sanctions imposed on India subsequent to the Pokhran nuclear test in May 1998 ensured that Essar was banned from raising FCCBs. He holds a BA (Hons) in Economics and a Masters in Investment and Finance. EGFL has a globally benchmarked robust risk and regulatory framework. Mahalaxmi, The company received underwriting commitments from Chase and Lehman Brothers. 11, K.K. Bespoke sustainable solutions to suit logistics and supply chain requirements. The UKs second biggest oil refinery is locked in talks with tax officials over a deferred tax bill amid reports that it could be on the brink of collapse. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address . 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. 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. All Rights Reserved. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. Essar wanted to buy out Hutchisons stake and tied up a line of credit of over USD 11 billion. Prior to joining Essar, he was associated with EY as a Partner for 11 years. 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. Legal Disclaimer and Terms and Conditions of Usage, This website uses cookies or similar technologies, to enhance your browsing experience and provide personalized recommendations. In 2006, Hutchison, too, decided to exit India. 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. He is a part of the Management Committee of Essar Capital. It owned 11 land rigs, one offshore rig and a drill ship. 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. 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. The project has been selected by BEIS as a Phase-2 winner in the CCUS cluster sequencing process earlier this summer, and as such, is currently progressing through the due diligence stage. The steel generation capacity at the Hazira plant was raised from 2 MTPA to 2.4 MTPA through de-bottlenecking. Essar also reentered the contract drilling services business after a hiatus of three years. 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 ambitious plan sets firm foundations to accelerate the UK's path to net zero while transforming the economy, boosting employment and delivering growth. Stanlow Terminals Limited When commercial production began in 1996, this had fallen to USD 380 per tonne. 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 . 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. The takeover of SCGL has enabled Essar to widen its product base and cater to a larger segment of industries. The 45 million furnace is the first of its kind in the UK, capable of running on a 100% hydrogen source and will replace three existing furnaces at Stanlow. It still owes 223m, and was reportedly due to start repayments this week. Dockers at Stanlow refinery in Cheshire have refused to unload a shipment of Russian oil. Ian Cotton, Head of Communications and Community. 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. Stanlow Terminals Limited Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4BD United Kingdom . This is a massive undertaking, but it is a journey we are fully committed to. She has earlier worked with Cipla as Head HR International Business, and has also volunteered with the Akanksha Foundation. 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. Box 2260 Tempe, Arizona 85280-2260 For all other mailing needs: ASU Foundation P.O. 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. Thangapandian Srinivasalu currently serves as the Advisor for investments in the Energy sector at Essar Capital. 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. Essar Constructions grew its activities considerably over the years. 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. Correspondence address Essar Oil (uk) Limited, Lansdowne House - 2nd Floor East, Berkeley Square, London, England, W1J 6ER . The Late 1980s: Foray into core sector manufacturing. Until the mid-1980s, Essar was focused on the service sectors of construction and shipping, which were prone to cyclical volatility. Media contact. Ravi Ruia belongs to the generation of industrialists who have played a significant role in leading Indias industrial renaissance. 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. For cheapest and greenest transportation of your products, Beyond Storage At that price, steel plant operations were simply unsustainable. He joined Essar in early 2000 and has played a key role on strategic investments of Essar in core economy and infrastructure sectors. B.C. Retrieved 30 March 2012. By continuing to use our website, you agree to our Privacy Policy Accept, Dedicated marine import capability to tankage. Prior to joining Essar, he has worked with Caf Coffee Day and UB Spirits. Essar had financed the project through a combination of rupee debt and Floating Rate Notes (FRN)both on a five-year tenure. Since Essar did not have prior experience in this industry, it roped in Swiss PTT as a joint venture partner. Because of Essars experience in marine construction projects, the shipping business was a natural extension. Now, Essar is all set to team up with the new JV partner Vodafone to take growth to the next level. 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. Were primed to lead the national charge in the development of changing energy infrastructure and create the UKs first sustainable energy hub. 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. After achieving success and recognition in India, the Company was now poised to venture overseas. All companies under the TTP have been given until January 2022 to meet their commitments. You may not use any information obtained from Intelius for any purpose covered by the FCRA. info@fulcrum-bioenergy.com . 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. 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. 20 August 2011. By 2006, all the circles were under one umbrellaHutchison Essar Limited. 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. However, Swiss PTT wanted to shut shop as part of its strategy to exit all Asian operations. Prior to joining Essar, he was the Vice President and General Counsel at Hindustan Construction Company Ltd. Kingsbury Diesel 121.92 ppl, PU10 114.84 ppl. However, Essars chosen policy was to get into areas of import substitution, high technology and national importance. Hutchison Essars subscriber base, too, has risen from 1,50,000 to 28 million. Essar Site. Mr Mehra is involved in various Essar initiatives in areas of Business Strategy, Investments, Corporate Governance, Risk Management and Sustainability. 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. The project was funded by Indian financial institutions and the ECB. In this business, too, Essar kept refinancing the debt to reduce finance costs. 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). Mr Rajiv Gujjalu serves as Director Essar Global Fund Limited (EGFL). 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. Sanjay Palve is the Sr. Essar Ports Limited Essar House, 11, K.K. 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. 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 is investing over 1 billion into a range of energy efficiency, fuel-switching, and carbon capture initiatives, designed to decarbonise its production processes significantly by 2030 and put Essar at the forefront of the UKs shift to low carbon energy. Maharashtra, India, Copyright 2021 All rights reserved 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. Until then, only foreign construction companies would undertake a project of this magnitude and complexity. 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. Doaa AboulThomas AbbottSusan AdamsEmilio AbundioBorzu AfshariRay AdamsAnn Addington, Mesa, AZPhoenix, AZChandler, AZScottsdale, AZGilbert, AZ. Registered office address The Administration Building 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB Company status Active Company type Private limited Company. Essar Energy, which owns the Stanlow. Essar is a leading UK-focused downstream energy company whose main asset is the Stanlow Manufacturing Complex, one of the most advanced refineries in Europe situated close to the major cities of Liverpool and Manchester. The refinery plays a strategic role in the UK economy, supplying 16% of all road transport fuels. 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. Gifts and Donations to: ASU Foundation Attn:Financial Services P.O. He has been a key member of several industry committees like Confederation of Indian Industries, Federation of Indian Commerce Industries, The Associated Chamber of Commerce & Industry of India and SUPERBRANDS for several years. Operating Parter, Infrastructure & MD & CEO, Essar Ports. Suite 220 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.
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