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Media contact. In the second quarter, a devastating cyclone hit the western coast of India damaging several structures in the refinery site. 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 . As the world comes together to develop innovative ways of generating sustainable energy the supporting storage and transportation infrastructure needs to evolve. 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. . The takeover of SCGL has enabled Essar to widen its product base and cater to a larger segment of industries. Essar Oil UK (EOUK) used the governments pandemic VAT deferral scheme last year, which allowed businesses to delay tax repayments. 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. 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. Essar has invested in a portfolio of world-class companies across sectors and geographies. Currently, he heads the country operations of Afrocentric Group in Mauritius and is the Managing Director of Medscheme International. Investing in an end-to-end logistics infrastructure. Essar wanted to buy out Hutchisons stake and tied up a line of credit of over USD 11 billion. Sponge iron generation capacity was also increased to 5.5 MTPA. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. All these activities were consolidated under Essar Shipping and Logistics Limited. 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. Essar Constructions grew its activities considerably over the years. Until then, only foreign construction companies would undertake a project of this magnitude and complexity. When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. 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. In addition, Essar Oil UK operates an integrated terminal and marine facility at Stanlow and Tranmere on behalf Stanlow Terminals. The aim was to build a diverse fleet that could help hedge any downturns in the business. In 1999, the government announced a new telecom policy that was more conducive to growth. Managing Director, Finance, Infrastructure, Technology & Retail, Managing Director, Business Development, Metals & Mining, Download Corporate Film(Extended Version). Later, it went on to buy a specialized pipe-laying barge to undertake this kind of activity. Your price for Delivered in supplies will be subject to delivery costs. 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 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. Essar again grabbed the opportunity and went on to become Indias largest rig operator in the private sector. The pipe laying division of the company was certified at ISO 9002. Such emission reductions are approximately 70% and have the future potential to be fully carbon neutral. He holds a BA (Hons) in Economics and a Masters in Investment and Finance. 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. Bespoke sustainable solutions to suit logistics and supply chain requirements. Tempe, Arizona white page directory listings include full name, phone number and address. 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. Essar Oil UK is committed to helping drive the UK's decarbonisation strategy. Try LightSource for your strategic sourcing. Stanlow Terminals Limited Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4BD United Kingdom . 4900 Hopyard Road Pleasanton, CA 94588. The construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. 2023 PeopleConnect, Inc. d/b/a Addresses.com. Stanlow, 15th February, 2021. . Alok Gupta is the Operating Partner, Technology & Retail, at Essar Capital. 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. 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 and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. The 1980s: Supporting Indias nascent exploration sector. 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. Today, the Hazira power plant has two power purchase agreementsone with the Gujarat State Electricity Board and the second with Essar Steel. Being the largest independent means we can move quickly to meet your bulk liquid storage needs, Unique Refinery Access 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. exploration & productionand downstream, into refining. This led to financial sanctions being imposed on India and Indian companies no longer had access to foreign funds. Moreover, the quality of scrap was also not always up to the mark. Stanlow Terminals Limited 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. Stanlow contributes an estimated 60 million each year to the local economy and will house the UK's first low carbon hydrogen facility. In this way, the share of value-added products increased from 35 percent to 70 percent of total production. 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. Marg, Mahalaxmi, Mumbai - 400034 Maharashtra, 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. Prior to joining Essar, he was the CEO of Religare Finvest Limited (RFL) and the Managing Director of Religare Housing Development Finance Corporation (RHDCL). 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. He brings with him 39 years of experience, and has extensive experience in the renewable energy sector. 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. Essar became the first Indian company to operate in the waters of the Atlantic. Acting as director of several client companies, Rajiv is a Fellow member of the Mauritius Institute of Directors since 2012. as panic buying hits forecourts across the country. EOUK had agreed to an accelerated schedule to make this payment. This brought down the capital cost per tonne of steel, which helped reduce overall cost of production. 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. Prior to joining Essar, he was the Vice President and General Counsel at Hindustan Construction Company Ltd. 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. Because of Essars experience in marine construction projects, the shipping business was a natural extension. The Essar Group was established by Mr. Shashi Ruia and Mr. Ravi Ruia in 1969, in South India. The energy industry is changing. 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. 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. Harnessing our expertise and experience, ambition and can-do approach, we contribute to a more sustainable society while providing value propositions to our partners by simplifying their supply chains. This is equivalent to the domestic heating energy used by a major British city region, such as Liverpool. 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. At that price, steel plant operations were simply unsustainable. 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. Subsequent to the HyGrade takeover, the pellet making capacity was enhanced to 8 MTPA. The ambitious plan sets firm foundations to accelerate the UK's path to net zero while transforming the economy, boosting employment and delivering growth. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. Essar is investing to make our refinery at Stanlow, the UK's first low carbon refinery. The Late 1980s: Foray into core sector manufacturing. 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. 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. All Rights Reserved. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking for Infrastructure. Essar Global Fund invests, builds and nurtures a portfolio of world-class companies through Essar Capital, its investment manager. 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. He has overseen Essars BPO and Power businesses, Smiti is a self-driven business leader and a true entrepreneur at heart. Raj Varma is an Advisor, at Essar Capital. He joined Essar as CEO Retail in the year 2010. Badrinath Durvasula joined Essar as the Managing Director, Legal, and oversees and advises the legal function for the Energy, Services & Technology sectors. 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. Work on the refinery began in 1994, and by 1995, the necessary funding was in place. 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. Contact information for Essar companies in India and worldwide . Around this time, Bombay High had just started producing oil, which needed to be transported onshore. Ellesmere Port, Cheshire, In addition, Fulcrum NorthPoint was awarded a grant by the UK Government Department for Transport. Intelius reports cannot be used for background checks related to consumer credit, insurance, employment, housing or any other purpose prohibited under the FCRA. Essar Capital Limited (Essar Capital) is the investment manager of Essar Global Fund Limited (EGFL). . He also has rich experience in leading change management, cultural transformation, organisational redesign and restructuring. It also complements the announcement last month regarding a blue hydrogen development at Stanlow as part of the HyNet project. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. 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. It invested in relevant logistics assets. 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. 20 August 2011. After achieving success and recognition in India, the Company was now poised to venture overseas. She has more than 23 years of experience in Human Resources, having worked across industries like Manufacturing, Pharma, IT and Retail. Many steel companies at that time went down under. All its Suezmax tankers were approved by oil majors, an endorsement that fetches a premium in freight. 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). info@fulcrum-bioenergy.com . . Located between Manchester and Liverpool on the west coast of the United Kingdom, Stanlow is connected to sea freight routes that extend globally, and are served by a host of international shipping lines such as ACL, MSC and NYK.