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Prashant is part of the second generation of the Ruia family that founded Essar. 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. Stanlow also plays an important part in Britains petrochemical industry, providing feedstocks such as toluene, propylene and ethylbenzene. Having completed his law degree from the University of Leeds, United Kingdom, Andrew has over 25 years of rich experience. Rajiv was awarded the designation of Canadian Investment Manager by the Canadian Securities Institute in 2006. Correspondence address Essar Oil (uk) Limited, Lansdowne House - 2nd Floor East, Berkeley Square, London, England, W1J 6ER . Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. ESSAR OIL (UK) LIMITED - Find and update company information He is an experienced professional and an industry veteran, with 33 years experience with Tata Steel and 11 years with Jindal Steel & Power. Essar negotiated with the FRN holders for a one-time settlement and refinanced its entire rupee debt at a lower cost. Phone. 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. When Essar conceived the project, international steel prices were in the region of USD 450 per tonne. 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. Essar Ports | Stanlow Bulk Terminals Ltd This debt was refinanced later when the government set up the Power Finance Corporation. Alok Gupta is the Operating Partner, Technology & Retail, at Essar Capital. Until then, only foreign construction companies would undertake a project of this magnitude and complexity. This was not sufficient for the business to achieve and sustain long-term growth. Kailash Daultani currently serves as the Managing Director, Treasury and Finance, at Essar Capital. Essar also entered the power and telecom sectors as and when they were opened up to private participation. This plant helped Essar Constructions garner expertise in building power plants in addition to its valuable experience in other sectors, including the steel plant for Essar Steel. Deepak Maheshwari, CEO of Essar Oil UK said: This new carbon capture plant is the single biggest initiative to decarbonise our processes and a core element to our hugely ambitious decarbonisation strategy. Rakesh Kankanala is the Managing Director, Managing Director, M&A, Infrastructure, of Essar Capital. Today, the Hazira power plant has two power purchase agreementsone with the Gujarat State Electricity Board and the second with Essar Steel. He also ensures the successful delivery of the organisations corporate and business plans and desired outcomes. 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. 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 JV to build UK's largest hydrogen hub | Mint Stanlow Manufacturing Complex, Viral has held key leadership positions at Vedanta Resources Plc, CIMB Securities/ Royal Bank of Scotland, Warburg Pincus, Citigroup, and Credit Suisse. Managing Director, Finance, Infra, Tech & Retail. Previously Group Director at Gulf Petrochem, he is an oil and gas professional with around 35 years of experience in sales, marketing and trading of petroleum products in India, the Middle East and Nigeria with Public Sector Undertakings, Multi-National Companies and private sector companies. 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. Madhus expertise lies in the area of mergers & acquisition, fund raising, investor relations, and operations management, and leads future capital investment recommendations to Essar Capitals Board of Directors. All these projects helped transform Essar Constructions into a leading EPC contractor. 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. So Essar set up steel manufacturing facilities at Hazira with the objective of gaining value addition. The plant has a high availability factor of 99 percent. India Salaya Vizag Stanlow. All Rights Reserved. The refinery plays a strategic role in the UK economy, supplying 16% of all road transport fuels. Currently, he heads the country operations of Afrocentric Group in Mauritius and is the Managing Director of Medscheme International. It that happened, the refinery would be likely to be taken on by the official receiver, to keep the refinery running. 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. 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. The aim was to build a diverse fleet that could help hedge any downturns in the business. Contact us - Essar Vertex Hydrogen is a joint venture between Essar Oil UK and Progressive Energy. 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. 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. He is a part of the Management Committee of Essar Capital. The project was funded by Indian financial institutions and the ECB. The majority of the investment - across a range of hydrogen production technologies, decarbonisation, biofuels and infrastructure projects - will be at its Stanlow site ($2.4bn), with the balance in India. Worse was to follow. . He also has rich experience in leading change management, cultural transformation, organisational redesign and restructuring. He joined Burmah Shell in 1957, also known as Bharat Petroleum Corporation Ltd after it was nationalised, and retired from it as director marketing. Hutchison Essars subscriber base, too, has risen from 1,50,000 to 28 million. 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. Essar owned 33% stake in the consolidated entity. Essar replaced Swiss PTT with Hutchison as partner. Essar then acquired licenses for Eastern UP, Rajasthan, Haryana and Punjab. 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. 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. 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. Investing in an end-to-end logistics infrastructure. India in those days had secondary steel makers who used imported scrap to produce steel. Independently, Essar had acquired licenses in seven circles where Hutchison Essar did not have operations, and in four circles of BPL. Stanlow Terminals Limited Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4BD United Kingdom . Essar continues to be the largest Indian exporter of flat steel. Essar JV to build UK's largest hydrogen hub 2 min read . He is on the Boards of World Steel Association, and the Metals & Mining and Energy industry Committee of the World Economic Forum. Correspondence address The Administration Building, 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB . Eventually, the loan was sanctioned, with a repayment structure that was unique for its time. 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. In the early 1980s, when the government opened up the ownership and operation of Offshore Supply Vessels (OSV) to private Indian companies, Essar was one of the first to enter the fray. 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. Role Active Director Date of birth July 1961 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. They primarily export from United States with 17 shipments . 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. All its Suezmax tankers were approved by oil majors, an endorsement that fetches a premium in freight. His experience spans several sectors including mining and natural resources, telecommunications, business process outsourcing, infrastructure, healthcare and manufacturing. He Joined Essar in 1997 as COO in Essar Telecom and was the Executive Director of Essar Shipping Limited from 1998-2002. The sponge iron plant became a hugely successful venture. Michelle Lewis, Corporate Affairs Director, Essar: michelle.lewis@essaroil.co.uk / 07805 854169, Peter Ogden, Powerscourt: essar@powerscourt-group.com / 07793 858 211. . He has led natural resources sector businesses for major investment banks globally. 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. Essar Site. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. Sustainable aviation fuel plant set for take off at Stanlow - Essar Mr Naushad Ansari is Managing Director, Business Development, at Essar Capital. 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. Rahul Taneja is the Managing Director, Human Capital at Essar Capital. Inside the Plant At a Glance. The Manchester Ship Canal that connects Liverpool to Manchester also provides further hinterland water connection to North West UK. Refinery workers refuse to deal with ship carrying Russian oil He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking for Infrastructure. This led to financial sanctions being imposed on India and Indian companies no longer had access to foreign funds. Name Address Address(maps) LinkedIn Alibaba AliExpress Global Sources Want to send an RFI or RFQ to this supplier? 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. 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. Being one of the low-cost steel producers, Essar managed to make operating profits. Vikash Saraf is the non-executive director of Essar Capital. All of its portfolio companies share the Funds ESG centric value system, reflecting the philosophy of placing people before profit. As a result of that work over the past few months, EOUK has $1.1bn [800m] in liquidity secured. Mr Deepak Sogani joined ESSAR in August 2020 as Managing Director Finance, Essar Capital, the investment manager for Essar Global Fund Limited (EGFL). . But this was not sufficient to meet its debt obligations. Well do this through a combination of our unique geographical location, decades of experience and a passion for a greener, cleaner planet. The steel generation capacity at the Hazira plant was raised from 2 MTPA to 2.4 MTPA through de-bottlenecking. Firdose Coovadia is an Advisor, Metals & Mining, at Essar Capital. Mr Mehra is involved in various Essar initiatives in areas of Business Strategy, Investments, Corporate Governance, Risk Management and Sustainability. Essars Indian lenders refused to bail the company out. 925.730.0150. Essar Energy locked in negotiations with HMRC over VAT payment delayed because of pandemic. . Utilising our strong geographical position and experience in the energy sector, we are providing delivery solutions based on the ability to safely handle energy products to meet the needs of todays society and tomorrows society. Intelius reports cannot be used for background checks related to consumer credit, insurance, employment, housing or any other purpose prohibited under the FCRA. 11, K.K. EGFL has a globally benchmarked robust risk and regulatory framework. Essar Stanlow - Standlow Manufacturing Complex Ellesmore Port In 2006, Hutchison, too, decided to exit India. 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. All these activities were consolidated under Essar Shipping and Logistics Limited. Marg, 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. 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. The experience in contract drilling prompted the Group to venture into the upstream in the Oil sectori.e. Try LightSource for your strategic sourcing. Dhanpat Nahata is the General Partner, Strategy and Risk, at Essar Capital. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. Steel: The uncertainties of a cyclical business. He started his career with Escorts Limited where he worked and grew through various roles of operations and business development. 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). Strategic investments in setting up world-class facilities in Steel, Power, Ports, Oil and Gas. He joined Essar in early 2000 and has played a key role on strategic investments of Essar in core economy and infrastructure sectors. 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 Group bets $3.6 billion on decarbonisation in India and UK 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. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. Essar had contracts with Chevron, Exxon-Mobil, Stat Oil, Shell, etc. as panic buying hits forecourts across the country. In this way, the share of value-added products increased from 35 percent to 70 percent of total production. Essar Oil (UK) Limited 2021. 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. Shashi Ruia began his career in the family business in 1965 under the guidance of his father, the late Nand Kishore Ruia. 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. 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. Most Recent Shipment: 04/07/2022 (Database Updated . 20 August 2011. Fears for future of Stanlow oil refinery amid urgent financing talks 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). Contact Us. Kingsbury Diesel 121.92 ppl, PU10 114.84 ppl. 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. Essar began the process of refinancing one year in advance, in May 1998. It also enables the import of large parcels of diesel. 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. Essar is building assets & creating value in new promising markets right from services to retail in India and internationally. Essar Energy, which owns the Stanlow. A fleet of 13 onshore rigs and a semi-submersible rig were deployed with clients in India and abroad. With 18 years of experience, he has also served as the Senior Vice President, International Projects and Corporate Finance, with Essar Services. 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. 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. In order to improve the efficiency, Essar Steel bought Stemcors 51 percent stake in HyGrade Pellets Limited, the pellet making venture of Essar. Sponge iron generation capacity was also increased to 5.5 MTPA. Essar Group is to invest $3.6bn developing low-carbon energy in the UK and India under the newly formed Essar Energy Transition (EET). 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. 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. Vikash is also a member of the Management Committee of Essar Capital. He is respected for his project execution skills, financial expertise and people management capabilities. Ensuring your bulk liquid products reach their destinations with ease. Mr Sogani, who was the Group CFO of Jindal Steel & Power Limited, has over 25 years of experience specialising in areas of business and financial management with special focus on strategy, M&A, business/corporate development, business restructuring, corporate finance, capital markets, investor relationship, governance and operations. Workers at Stanlow oil refinery refuse to unload cargo of Russian oil 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 company received underwriting commitments from Chase and Lehman Brothers. Mahalaxmi, Contact information for Essar companies in India and worldwide . Vice Chairman & Operating Partner, Metals & Mining, Operating Parter, Infrastructure, MD & CEO, Essar Ports, Sr. Mr Viral Gathani is the Managing Director, Finance, Energy, at Essar Capital. Essar is investing to make our refinery at Stanlow, the UKs first low carbon refinery. 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. Pleasanton, CA 94588. Essar Site Stanlow: Energy giant Essar unveils 2bn plan for low-carbon plant exploration & productionand downstream, into refining. 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. Both these factors led to a stoppage of work at the refinery, The Mid-2000s: Resurrecting the Essar Oil Refinery. Managing Director, Finance, Metals & Mining. Additionally, he is also a member of the India-Indonesia CEOs Forum. The combined cycle power plant was state-of-the-art and was capable of using multi fuel with technology from General Electric, Hanjung and Siemens. . 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 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. 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. Prior to Essar, he has worked with Archean Group as Group President, and with SIVA group as CEO for about 15 years. Andrew Wright is the Managing Director, Legal, at Essar Capital. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. 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. Maharashtra, India, Copyright 2021 All rights reserved Were primed to lead the national charge in the development of changing energy infrastructure and create the UKs first sustainable energy hub. 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. 4900 Hopyard Road Essar Oil UK to build 360 million carbon capture facility to deliver REUTERS/Phil Noble LONDON, Nov 30 (Reuters) - Essar Oil UK said on Wednesday it planned. Mystery over future of Essar's Stanlow oil refinery - North West He was the Chief Executive Officer and Board Member at Essar Oil UK Limited. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. He is responsible to advise and represent the company for all the legal matters concerning the Energy sector investments and portfolio businesses. 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. Plans for Fulcrum NorthPoint are expected to be complete at the end of this year and subject to planning consent, will be operational in late 2025. Recently, he was also awarded Business Leader of the Year in the NBFC segment by ET Now. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. Essar sponsors Indias largest annual junior soccer hunt challenger, Essar pledges to make substantial investment in the state of Odisha, www.essaroil.co.uk/news/uks-first-refinery-based-hydrogen-furnace-arrives-at-essar/, Essars ambition is to be a leading low carbon refinery, with a long-term transformation into a low carbon energy provider, Major driver of carbon reduction will be the construction of a 360 million CO2 Capture Plant, set to start in Q1 2025, with completion in 2027. 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. All Rights Reserved. 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. Being the largest independent means we can move quickly to meet your bulk liquid storage needs, Unique Refinery Access Essar Energy. The FRNs were due for refinancing in 1999, the year that marked the end of the five-year term. Stanlow, 15th February, 2021. He was chairman and chief executive of J&K Bank for five years. Doaa AboulThomas AbbottSusan AdamsEmilio AbundioBorzu AfshariRay AdamsAnn Addington, Mesa, AZPhoenix, AZChandler, AZScottsdale, AZGilbert, AZ. 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 has worked as an Economic Advisor, and the principal economic policy maker at the state level for seven years. It involved buying an asset against the securitisation of receivables. The Essar Group was established by Mr. Shashi Ruia and Mr. Ravi Ruia in 1969, in South India. Prior to joining Essar, he was associated with EY as a Partner for 11 years. Following this maiden contract, Essar bagged projects at every major port in the country, including Tuticorin, Mangalore, Goa, Kakinada and Nhava-Sheva in Mumbai.
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