He also has rich experience in leading change management, cultural transformation, organisational redesign and restructuring. Ian Cotton, Head of Communications and Community. Sunil is also the President of Wind Independent Power Producers Association. India Salaya Vizag Stanlow. 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 . Role Active Director Date of birth July 1961 He would be responsible for advising and leading the company with regards all investments and opportunities in the metals & mining sector. Even during the downturn in the shipping industry, Essar Shipping registered profits. Essar Logistics took care of the movement of cargo, generated by Essar Steel and Essar Oil, by road. Prior to being the Managing Director at Essar Capital, Rakesh has been at leadership positions in Essar Ports. In addition, Fulcrum NorthPoint was awarded a grant by the UK Government Department for Transport. Essar Site. Viral has held key leadership positions at Vedanta Resources Plc, CIMB Securities/ Royal Bank of Scotland, Warburg Pincus, Citigroup, and Credit Suisse. 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. Rahul Taneja is the Managing Director, Human Capital at Essar Capital. Recently, he was also awarded Business Leader of the Year in the NBFC segment by ET Now. Box 2260 Tempe, Arizona 85280-2260 To visit us on site: ASU Fulton Center 300 E. University Drive Tempe, AZ . Essar is investing to make our refinery at Stanlow, the UKs first low carbon refinery. What started out with an initial investment of USD 800 million had reached a valuation of USD18.8 billion in just six years. Plant owner. The ambitious plan sets firm foundations to accelerate the UK's path to net zero while transforming the economy, boosting employment and delivering growth. 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. Jeff Ovens, Managing Director, UK & Europe Fulcrum, added: We are excited to be announcing this project, located within one of the UK's most important energy producing assets, which will help reduce the burden on landfills and industry's reliance on fossil fuels. He has a strong professional record in streamlining litigation, M&A, turnkey contract management, IPR, project financing, international arbitration and compliance support. This brought down the capital cost per tonne of steel, which helped reduce overall cost of production. Mr Naushad Ansari is Managing Director, Business Development, at Essar Capital. Subsequent to the HyGrade takeover, the pellet making capacity was enhanced to 8 MTPA. During the period of stoppage, Essar had wisely planned for technology upgrades. Additionally, he has held leadership positions at IAA Healthcare, Metropolitan Insurance, CIM Global Business, CIM Asset Management, Ireland Blyth Limited and HSBC respectively. In addition, SAF produced at the site offers a 90% reduction in particulates, which may benefit local air quality in and around airports. Tempe, Arizona white page directory listings include full name, phone number and address. Mr Viral Gathani is the Managing Director, Finance, Energy, at Essar Capital. Essar Energy, which owns the Stanlow. They primarily export from United States with 17 shipments . In the second quarter, a devastating cyclone hit the western coast of India damaging several structures in the refinery site. Prashant holds key positions on several prestigious regulatory and professional boards. This is a massive undertaking, but it is a journey we are fully committed to. Essar Oil UK (EOUK) used the governments pandemic VAT deferral scheme last year, which allowed businesses to delay tax repayments. Essar Capital Limited (Essar Capital) is the investment manager of Essar Global Fund Limited (EGFL). The promoters could foresee the demand, a vision that paid rich dividends. He also ensures the successful delivery of the organisations corporate and business plans and desired outcomes. 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. Copyright 2023 Essar. 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. All these measures have made Essar Steel, the largest integrated steel producer on Indias west coast and one of the largest producers of flat steel in the country. 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. Stanlow Diesel 121.87 ppl, PU10 114.81 ppl. 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. He has overseen Essars BPO and Power businesses, Smiti is a self-driven business leader and a true entrepreneur at heart. In order to improve the efficiency, Essar Steel bought Stemcors 51 percent stake in HyGrade Pellets Limited, the pellet making venture of Essar. Essar Shipping diversified and modernised its fleet in the early 1990s. Utilising the world class facilities available at Essar, including the impressive jet fuel storage facility at Stanlow Terminals Limited and direct pipeline to UK airports, Fulcrum, along with its current and future investors, will be able to build and operate its facility more efficiently and sets the 'gold standard' for SAF production by fully integrating its new, low carbon fuel technology directly within an existing refinery.Fulcrum's fuel will enable airlines to reduce their impact on the environment and help put the aviation industry on its path to a more sustainable long-term operation. Rahul is a seasoned professional with more than 28 years of experience specialising in areas of recasting HR and business processes, right sizing and cost optimisation. Essar had contracts with Chevron, Exxon-Mobil, Stat Oil, Shell, etc. 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. 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. Sunil Jain is the Operating Partner for Energy transitions. Essar Constructions executed pipe laying contracts for all the major oil companies in India, and drinking water pipelines in Gujarat, Tamilnadu and Rajasthan. By continuing to use our website, you agree to our Privacy Policy Accept, Dedicated marine import capability to tankage. A general view of Essar Oil UK's Stanlow oil refinery near Ellesmere Port, Britain, September 27, 2021. With more than 50 years of experience, he guides Essar through transformations, manages operating functions and leads complex projects. : +91-22- 66601100 Fax: +91-22-66601809 Write to us : Mumbai Essar Equinox Business Park (Peninsula Techno Park), Off Bandra Kurla Complex, Marg, Mahalaxmi, Mumbai - 400034 Maharashtra, India. Hutchison Essars subscriber base, too, has risen from 1,50,000 to 28 million. Essar wanted to buy out Hutchisons stake and tied up a line of credit of over USD 11 billion. 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. Now, Essar is all set to team up with the new JV partner Vodafone to take growth to the next level. 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. She has earlier worked with Cipla as Head HR International Business, and has also volunteered with the Akanksha Foundation. 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. The refinery plays a strategic role in the UK economy, supplying 16% of all road transport fuels. Stanlow. Over the last five years, EGFL has rebalanced its portfolio by strategically monetising some of the world class assets and businesses built by Essar, which has an entrepreneurial track record of 50 years. All companies under the TTP have been given until January 2022 to meet their commitments. He has held several leadership positions at Adani Group, Larson & Toubro Ltd, Binani Industries Ltd. amongst others. He was the Chief Executive Officer and Board Member at Essar Oil UK Limited. 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. He has also advised boards and management on major transactions in 34 countries. 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 is building assets & creating value in new promising markets right from services to retail in India and internationally. Essar again grabbed the opportunity and went on to become Indias largest rig operator in the private sector. Legal Disclaimer and Terms and Conditions of Usage, This website uses cookies or similar technologies, to enhance your browsing experience and provide personalized recommendations. Tripathi is the Vice Chairman, Exploration & Production at Essar Capital, and has over 36 years of experience across Operation & Maintenance of Pipelines, Project Management, Contracts Management, Customer Relationship Management, Marketing etc. The Manchester Ship Canal that connects Liverpool to Manchester also provides further hinterland water connection to North West UK. The hydrogen will be used to help decarbonise Essars existing production facilities including the new hydrogen powered furnace [1]which was delivered in August this year. At Hazira, a deep draft berth and shipping channel was constructed to enhance the cargo handling capacity by bringing larger vessels alongside the berth. By 2006, all the circles were under one umbrellaHutchison Essar Limited. Essar Oil UK, which operates Stanlow Refinery, and Fulcrum BioEnergy, based in California, US, have teamed up with Stanlow Terminals to develop the . He Joined Essar in 1997 as COO in Essar Telecom and was the Executive Director of Essar Shipping Limited from 1998-2002. Essar teamed up with Brown & Root of USA in laying an under-sea pipeline from the offshore Bassein gas field to Hazira. Doaa AboulThomas AbbottSusan AdamsEmilio AbundioBorzu AfshariRay AdamsAnn Addington, Mesa, AZPhoenix, AZChandler, AZScottsdale, AZGilbert, AZ. Not one to lag behind, Essar seized every opportunity that came its way. This has improved the quality of the ore and reduced the transportation cost. Today, the Hazira power plant has two power purchase agreementsone with the Gujarat State Electricity Board and the second with Essar Steel. Until then, only foreign construction companies would undertake a project of this magnitude and complexity. Maharashtra, India, Copyright 2021 All rights reserved The FRNs were due for refinancing in 1999, the year that marked the end of the five-year term. Mr Rajiv Gujjalu serves as Director Essar Global Fund Limited (EGFL). Essar Oil (UK) Limited 2021. Gifts and Donations to: ASU Foundation Attn:Financial Services P.O. For cheapest and greenest transportation of your products, Beyond Storage His strength lies in leading new business development opportunities and conducting preliminary due diligence and analysis of emergent companies and partners. So Essar set up steel manufacturing facilities at Hazira with the objective of gaining value addition. Pleasanton, CA 94588. 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. Managing Director, Finance, Infra, Tech & Retail. In 2005, when the vessel rates peaked, Essar sold its five Suezmax tankers at the price at which they were bought in 1994. The Stanlow refinery supplies about a sixth of the UKs road fuel. The plant has a high availability factor of 99 percent. Vikash Saraf is the non-executive director of Essar Capital. Mahalaxmi, Work on the refinery began in 1994, and by 1995, the necessary funding was in place. 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. Scrap prices were volatile and had to be purchased with precious foreign exchange. His entrepreneurial abilities have enabled the Essar Global portfolio of companies to become one of the leading names in global industry. Essar Energy locked in negotiations with HMRC over VAT payment delayed because of pandemic. After a fierce round of bidding that involved several corporations, Vodafone bought the Hutchison stake valued at USD 11.5 billion. 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. By this time, all of Essars businesses had grown significantly and the time had come for managing each business as an independent company. 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.. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. Investing in an end-to-end logistics infrastructure. Because of Essars experience in marine construction projects, the shipping business was a natural extension. The company began its operations with the construction of an outer breakwater in Chennai port, an order worth Rs 2.5 crore. He was appointed as MD & CEO of Essar Shipping, Ports & Logistics Limited in 2010. 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. 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. Vertex Hydrogen is a joint venture between Essar Oil UK and Progressive Energy. Phone. 11, K.K. Essar Ports is both a people-driven and people-centric organisation. 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). CH65 4BD, United Kingdom, UKs Largest Ellesmere Port, Cheshire, 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. Last month Essar Oil UK announced its participation in the production of blue hydrogen under the HyNet project. Madhu Vuppuluri is the Operating Partner, Metals & Mining, Essar Capital. 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 construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. Around this time, Bombay High had just started producing oil, which needed to be transported onshore. In addition to OSVs, it bought Diving Support Vessels and Multi Support Vessels. Mr Deepak Sogani joined ESSAR in August 2020 as Managing Director Finance, Essar Capital, the investment manager for Essar Global Fund Limited (EGFL). In this way, the share of value-added products increased from 35 percent to 70 percent of total production. 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. His experience spans several sectors including mining and natural resources, telecommunications, business process outsourcing, infrastructure, healthcare and manufacturing. Choose Additional Cities in Arizona by Selecting the First Letter of the City. 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. The Stanlow oil refinery supplies about a sixth of Britains road fuel, and is owned by the billionaire brothers Shashi and Ravi Ruia, through their company Essar Oil UK. The Fulcrum venture will complement Essar's wider plans to build a green energy industrial cluster at the Stanlow site. Managing Director, Finance, Infrastructure, Technology & Retail, Managing Director, Business Development, Metals & Mining, Download Corporate Film(Extended Version).