The promoters could foresee the demand, a vision that paid rich dividends. Contact Us. 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. Also, the financial sanctions imposed on India subsequent to the Pokhran nuclear test in May 1998 ensured that Essar was banned from raising FCCBs. Prior to Essar, he has worked with Archean Group as Group President, and with SIVA group as CEO for about 15 years. 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. This will be the first Fulcrum plant outside the United States. The construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. The experience in contract drilling prompted the Group to venture into the upstream in the Oil sectori.e. He has a strong professional record in streamlining litigation, M&A, turnkey contract management, IPR, project financing, international arbitration and compliance support. In early 2005, Essar restructured the balance sheet and work resumed with renewed vigor on completing the refinery project. 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. 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. All companies under the TTP have been given until January 2022 to meet their commitments. 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. Today, the Hazira power plant has two power purchase agreementsone with the Gujarat State Electricity Board and the second with Essar Steel. In the second quarter, a devastating cyclone hit the western coast of India damaging several structures in the refinery site. Additionally, he has held leadership positions at IAA Healthcare, Metropolitan Insurance, CIM Global Business, CIM Asset Management, Ireland Blyth Limited and HSBC respectively. 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. 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. info@fulcrum-bioenergy.com . Essar had contracts with Chevron, Exxon-Mobil, Stat Oil, Shell, etc. 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 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. Founded in 2007, Fulcrum BioEnergy, Inc. has developed a proprietary process, using commercially proven technology, to convert waste that would otherwise be landfilled or incinerated, into low-carbon, ultra clean burning liquid transportation fuels (Fulcrum FuelTM). 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. B.C. Maharashtra, India, Copyright 2021 All rights reserved Mr Naushad Ansari is Managing Director, Business Development, at Essar Capital. This is equivalent to the domestic heating energy used by a major British city region, such as Liverpool. Dockers at Stanlow refinery in Cheshire have refused to unload a shipment of Russian oil. This will produce (in its initial phases) 1GW of hydrogen (the equivalent energy use of a large UK city like Liverpool) and capture some 1.8 million tonnes of carbon per annum. Our ambition is to become a leading low carbon refinery. 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. India Salaya Vizag Stanlow. 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. Marg, Dhanpat Nahata is the General Partner, Strategy and Risk, at Essar Capital. Essar JV to build UK's largest hydrogen hub 2 min read . Suite 220 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. Essar did not succumb to the pressure. Managing Director, Finance, Infrastructure, Technology & Retail, Managing Director, Business Development, Metals & Mining, Download Corporate Film(Extended Version). His strength lies in leading new business development opportunities and conducting preliminary due diligence and analysis of emergent companies and partners. You may not use any information obtained from Intelius for any purpose covered by the FCRA. Vertex's low carbon hydrogen production plant will be a core part of the HyNet low carbon cluster. Within 18 months after work resumed, Essar began commissioning the refinery in phases. Prashant is part of the second generation of the Ruia family that founded Essar. The Essar Group was established by Mr. Shashi Ruia and Mr. Ravi Ruia in 1969, in South India. He has also advised boards and management on major transactions in 34 countries. All Rights Reserved. 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. Stanlow, 15th February, 2021. Last month Essar Oil UK announced its participation in the production of blue hydrogen under the HyNet project. Northampton Diesel 121.98 ppl, PU10 114.89 ppl. Because of Essars experience in marine construction projects, the shipping business was a natural extension. Copyright 2023 Essar. Anshuman Ruia is known for his financial expertise and project execution skills. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. 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. He joined Essar as CEO Retail in the year 2010. 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. If you would like a quote for delivery . 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 . Since 2010, some of the pioneering investments were proactively monetised for an enterprise value of US$ 40 bn through large transactions with foreign and Indian entities. Simultaneously, global steel prices started tumbling and reached a historic low of USD 180 per tonne. He is on the Boards of World Steel Association, and the Metals & Mining and Energy industry Committee of the World Economic Forum. 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. 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. Left with no option, Essar was forced to default on the FRN loan, despite having made concrete plans for refinancing. Plant owner. 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. He has held several leadership positions at Adani Group, Larson & Toubro Ltd, Binani Industries Ltd. amongst others. Registered office address The Administration Building 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB Company status Active Company type Private limited Company. 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 . 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 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. 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). He also has rich experience in leading change management, cultural transformation, organisational redesign and restructuring. 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. 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. Sunil is also the President of Wind Independent Power Producers Association. 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. In those early days of the telecom boom in India, effective policies were lacking and private telecom businesses were faced with several problems. 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. Essar Energy enters into agreement to buy Royal Dutch Shell's Stanlow refinery for US$350 million. However, the recovery from the pandemic has been slower than predicted, the company said, adding that it hopes for a resolution soon. The power plant was originally conceived to cater to Essar Steels requirements, but was later converted to an independent producer with a capacity of 515 MW. She has earlier worked with Cipla as Head HR International Business, and has also volunteered with the Akanksha Foundation. Contact information for Essar companies in India and worldwide . Even during the downturn in the shipping industry, Essar Shipping registered profits. He was appointed as MD & CEO of Essar Shipping, Ports & Logistics Limited in 2010. As the world comes together to develop innovative ways of generating sustainable energy the supporting storage and transportation infrastructure needs to evolve. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address . After a fierce round of bidding that involved several corporations, Vodafone bought the Hutchison stake valued at USD 11.5 billion. Unlike other fuel technologies currently being considered by industry, the use of SAF does not require changes to aircraft, engines, or airport infrastructure. 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. He brings with him 39 years of experience, and has extensive experience in the renewable energy sector. 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. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. 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.. He holds a BA (Hons) in Economics and a Masters in Investment and Finance. 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. Scrap prices were volatile and had to be purchased with precious foreign exchange. However, Swiss PTT wanted to shut shop as part of its strategy to exit all Asian operations. In addition, Fulcrum NorthPoint was awarded a grant by the UK Government Department for Transport. A general view of Essar Oil UK's Stanlow oil refinery near Ellesmere Port, Britain, September 27, 2021. Many steel companies at that time went down under. 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. It owned 11 land rigs, one offshore rig and a drill ship. Email address: SSTAdvising@asu.edu / SSTGradAdvising@asu.edu Phone: 480-965-7682 Location: Advising offices are located in 777 Novus, Suite . Mr Viral Gathani is the Managing Director, Finance, Energy, at Essar Capital. Srinivasan Vaidyanathan is the Operating Partner, Technology & Retail, at Essar Capital. 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 Late 1980s: Foray into core sector manufacturing. epl.secretarial . It that happened, the refinery would be likely to be taken on by the official receiver, to keep the refinery running. Address. Production started in November 2006 with a capacity of 7.5 MTPA. Now, Essar is all set to team up with the new JV partner Vodafone to take growth to the next level. 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. At Stanlow Terminals, we pride ourselves on being flexible to our customers' needs, with a market leading storage offering. It monitors and manages the entire portfolio of investments owned by EGFL. He is a strong business development professional with a Mechanical Engineering Degree from Aligarh Muslim University.