Name Address Address(maps) LinkedIn Alibaba AliExpress Global Sources Want to send an RFI or RFQ to this supplier? Doaa AboulThomas AbbottSusan AdamsEmilio AbundioBorzu AfshariRay AdamsAnn Addington, Mesa, AZPhoenix, AZChandler, AZScottsdale, AZGilbert, AZ. Jatinder Mehra is the Vice Chairman & Operating Partner of Essar Capital. Having completed his law degree from the University of Leeds, United Kingdom, Andrew has over 25 years of rich experience. Simultaneously, global steel prices started tumbling and reached a historic low of USD 180 per tonne. Investing in an end-to-end logistics infrastructure. Managing Director, Finance, Infra, Tech & Retail. Correspondence address Essar Oil (uk) Limited, Lansdowne House - 2nd Floor East, Berkeley Square, London, England, W1J 6ER . 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. Shashi Ruia began his career in the family business in 1965 under the guidance of his father, the late Nand Kishore Ruia. In 2005, when the vessel rates peaked, Essar sold its five Suezmax tankers at the price at which they were bought in 1994. Box 2260 Tempe, Arizona 85280-2260 To visit us on site: ASU Fulton Center 300 E. University Drive Tempe, AZ . During the period of stoppage, Essar had wisely planned for technology upgrades. In 2005, when the government came out with the unified licensing scheme, the JV started merging all the telecom circles. Prashant is part of the second generation of the Ruia family that founded Essar. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. Independently, Essar had acquired licenses in seven circles where Hutchison Essar did not have operations, and in four circles of BPL. It owned 11 land rigs, one offshore rig and a drill ship. His strength lies in leading new business development opportunities and conducting preliminary due diligence and analysis of emergent companies and partners. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking for Infrastructure. Moreover, the quality of scrap was also not always up to the mark. 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. One of Essars strengths has been its ability to invest in businesses that have the potential for growth and its strategy to diversify as a hedge against cyclicality. He was the Chief Executive Officer and Board Member at Essar Oil UK Limited. Additionally, he has held leadership positions at IAA Healthcare, Metropolitan Insurance, CIM Global Business, CIM Asset Management, Ireland Blyth Limited and HSBC respectively. 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. The FRNs were due for refinancing in 1999, the year that marked the end of the five-year term. . Managing Director, Finance, Infra, Tech & Retail, at Essar Capital. 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. As a core part of the HyNet cluster, Essar's Stanlow site already plays a prominent role in the UK's energy transition planning framework, following the selection of HyNet by the UK government in . Prior to joining Essar Capital, Vikash was an Executive Director and CEO of SSKI Corporate Finance Ltd, a boutique investment bank specialising in infrastructure financing and advisory. Today, the Hazira power plant has two power purchase agreementsone with the Gujarat State Electricity Board and the second with Essar Steel. 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. Unite said it had informed the owner of the Ellesmere refinery, India's Essar Group, that its members . All Rights Reserved. Fulcrum's partner, Essar, will assist with the blending and supply the sustainable aviation fuel to airlines, with Stanlow Terminals Limited providing product storage and logistics solutions for the project under a long-term agreement. It monitors and manages the entire portfolio of investments owned by EGFL. 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. 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. Tempe, Arizona white page directory listings include full name, phone number and address. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address . Vikash Saraf is the non-executive director of Essar Capital. Vertex's low carbon hydrogen production plant will be a core part of the HyNet low carbon cluster. Together, these initiatives will help diversify the refinery in a greener direction, and help achieve the UK's decarbonisation goals. This was not sufficient for the business to achieve and sustain long-term growth. Being one of the low-cost steel producers, Essar managed to make operating profits. . All companies under the TTP have been given until January 2022 to meet their commitments. Essar wanted to buy out Hutchisons stake and tied up a line of credit of over USD 11 billion. The experience in contract drilling prompted the Group to venture into the upstream in the Oil sectori.e. If you would like a quote for delivery . 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. When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. Operating Parter, Infrastructure & MD & CEO, Essar Ports. 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. Not only is it the right environmental thing to do, it will future proof the critical Stanlow refinery for the long term, protecting jobs and industry, while also placing Stanlow at the very centre of the UKs energy transition.. EOUK had agreed to an accelerated schedule to make this payment. He has held several leadership positions at Adani Group, Larson & Toubro Ltd, Binani Industries Ltd. amongst others. Try LightSource for your strategic sourcing. He is responsible for all HR matters for the Metals & Mining and Services & Technology portfolios. REUTERS/Phil Noble LONDON, Nov 30 (Reuters) - Essar Oil UK said on Wednesday it planned. Around this time, Bombay High had just started producing oil, which needed to be transported onshore. His experience spans several sectors including mining and natural resources, telecommunications, business process outsourcing, infrastructure, healthcare and manufacturing. This debt was refinanced later when the government set up the Power Finance Corporation. Dockers at Stanlow refinery in Cheshire have refused to unload a shipment of Russian oil. The company approached State Bank of India (SBI), a leading public sector bank in India, for a loan. 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. 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. He also ensures the successful delivery of the organisations corporate and business plans and desired outcomes. Prior to joining Essar, he was associated with EY as a Partner for 11 years. Stanlow Oil refinery at Ellesmere Port in northwest England Why you can trust Sky News The owner of the vast Stanlow oil refinery in north-west England is in urgent talks about its future amid concern that it could be nearing collapse. 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. 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. Low carbon hydrogen will be produced at the Stanlow Manufacturing Complex located in Ellesmere Port, Cheshire. As Fulcrum's first facility in the United Kingdom, NorthPoint will be located at the Essar Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. Essar negotiated with the FRN holders for a one-time settlement and refinanced its entire rupee debt at a lower cost. He is a part of the Management Committee of Essar Capital. However, Essars chosen policy was to get into areas of import substitution, high technology and national importance. Essar also entered the power and telecom sectors as and when they were opened up to private participation. All Rights Reserved. Until then, only foreign construction companies would undertake a project of this magnitude and complexity. This led to financial sanctions being imposed on India and Indian companies no longer had access to foreign funds. Being the largest independent means we can move quickly to meet your bulk liquid storage needs, Unique Refinery Access In this way, the share of value-added products increased from 35 percent to 70 percent of total production. 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. 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. 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. 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 Logistics took care of the movement of cargo, generated by Essar Steel and Essar Oil, by road. 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. Object reference not set to an instance of an object. The Essar Group was established by Mr. Shashi Ruia and Mr. Ravi Ruia in 1969, in South India. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. In order to lend stability to the Group, Essar planned to enter manufacturing. In the early 1990s, the Indian economy was liberalised and many industries that were hitherto monopolised by public sector companies were opened up to the private sector. Essar Constructions grew its activities considerably over the years. General enquiry Contact us Commercial enquiry Retail enquiry Purchasing and Supplier Management (PSM) enquiry Careers enquiry General enquiry For general enquiries please write to: Stanlow Refinery Ellesmere Port Cheshire CH65 4HB Or phone Switchboard 0151 350 4000 Ravi Ruia belongs to the generation of industrialists who have played a significant role in leading Indias industrial renaissance. Dhanpat Nahata is the General Partner, Strategy and Risk, at Essar Capital. In those early days of the telecom boom in India, effective policies were lacking and private telecom businesses were faced with several problems. Firdose has extensive experience in emerging markets, having been involved in advising governments, parastatals and companies in Africa, India, Europe and the Middle East. Marg, 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. In 2012, he was awarded an excellence award for his contribution to renewable energy and sustainability by the Energy and Environment Foundation. Eventually, the loan was sanctioned, with a repayment structure that was unique for its time. . After achieving success and recognition in India, the Company was now poised to venture overseas. Essar again grabbed the opportunity and went on to become Indias largest rig operator in the private sector. Sanjay Palve is the Sr. Essar replaced Swiss PTT with Hutchison as partner. 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. Northampton Diesel 121.98 ppl, PU10 114.89 ppl. Currently, he heads the country operations of Afrocentric Group in Mauritius and is the Managing Director of Medscheme International. 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. 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. Such emission reductions are approximately 70% and have the future potential to be fully carbon neutral. Address. The project, which will fully integrate Essar, Stanlow Terminals Limited and Fulcrum assets and technology, is part of a number of innovative solutions at Stanlow designed to cut carbon emissions and contribute to the UK Government's Ten Point Plan for a Green Industrial Revolution. Stanlow Manufacturing Complex, In 1999, the government announced a new telecom policy that was more conducive to growth. ian.cotton@essaroil.co.uk and 07805 854169, Jeff Ovens, Managing Director, UK & Europe, jovens@fulcrum-bioenergy.com and 07399 472 650. 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. 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. He established PetroFina in India and was part of the team that launched Gulf Oil in India post opening up of the market. 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. Media contact. In addition, Essar Oil UK operates an integrated terminal and marine facility at Stanlow and Tranmere on behalf Stanlow Terminals. 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. Sponge iron generation capacity was also increased to 5.5 MTPA. In order to improve the efficiency, Essar Steel bought Stemcors 51 percent stake in HyGrade Pellets Limited, the pellet making venture of Essar. Essar Oil UK (EOUK) used the governments pandemic VAT deferral scheme last year, which allowed businesses to delay tax repayments. 20 August 2011. For cheapest and greenest transportation of your products, Beyond Storage 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. Essar Energy locked in negotiations with HMRC over VAT payment delayed because of pandemic. Essar Oil (UK) Limited 2021. Prashant holds key positions on several prestigious regulatory and professional boards. Sale to Brookfield Asset Management Company, 10 MTPA integrated steel manufacturing complex. Well do this through a combination of our unique geographical location, decades of experience and a passion for a greener, cleaner planet. He also has rich experience in leading change management, cultural transformation, organisational redesign and restructuring. Mumbai Essar Essar House 11, Keshavrao Khadye Marg Mahalaxmi Mumbai 400 034 Maharashtra, India Tel. He is responsible for investigation, analysis and assessment of risk, and accordingly design and implement strategies and processes which mitigate these threats. 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. Stanlow also plays an important part in Britains petrochemical industry, providing feedstocks such as toluene, propylene and ethylbenzene. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. Essar Oil UK, which operates Stanlow Refinery, and Fulcrum BioEnergy, based in California, US, have teamed up with Stanlow Terminals to develop the . In addition, in an honorary capacity, Adithya is currently the Senior Vice President at the India Chapter of Institute of Internal Auditors Inc, USA and President elect for 2021 22. 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. However, Swiss PTT wanted to shut shop as part of its strategy to exit all Asian operations. In early 2005, Essar restructured the balance sheet and work resumed with renewed vigor on completing the refinery project. Even during the downturn in the shipping industry, Essar Shipping registered profits. The 1980s: Supporting Indias nascent exploration sector. info@fulcrum-bioenergy.com . [1] www.essaroil.co.uk/news/uks-first-refinery-based-hydrogen-furnace-arrives-at-essar/. Vikash is also a member of the Management Committee of Essar Capital. 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. School of Social Transformation. The project was funded by Indian financial institutions and the ECB. 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). Essar Energy enters into agreement to buy Royal Dutch Shell's Stanlow refinery for US$350 million.