Simultaneously, global steel prices started tumbling and reached a historic low of USD 180 per tonne. 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. Many steel companies at that time went down under. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. He has held key leadership positions at Jindal Steel & Power Ltd, Jet Airways, Essar and Dell international. Vikash is also a member of the Management Committee of Essar Capital. Essar Oil UK bought the Stanlow refinery at Ellesmere Port from Shell in 2011. 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. Suite 220 Srinivasan Vaidyanathan is the Operating Partner, Technology & Retail, at Essar Capital. Media contact. Acting as director of several client companies, Rajiv is a Fellow member of the Mauritius Institute of Directors since 2012. Essar Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. Box 2260 Tempe, Arizona 85280-2260 For all other mailing needs: ASU Foundation P.O. 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. The FRNs were due for refinancing in 1999, the year that marked the end of the five-year term. Essar began the process of refinancing one year in advance, in May 1998. Low carbon hydrogen will be produced at the Stanlow Manufacturing Complex located in Ellesmere Port, Cheshire. Try LightSource for your strategic sourcing. Purchasing and Supplier Management (PSM) enquiry, 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. 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. Until the mid-1980s, Essar was focused on the service sectors of construction and shipping, which were prone to cyclical volatility. Contact information for Essar companies in India and worldwide . However, Swiss PTT wanted to shut shop as part of its strategy to exit all Asian operations. Essar Energy. 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. It that happened, the refinery would be likely to be taken on by the official receiver, to keep the refinery running. By 2030, Vertex expects to deliver nearly 4GW of low carbon hydrogen, equivalent to c.40% of the UK Governments national target. 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. In this business, too, Essar kept refinancing the debt to reduce finance costs. Sunil Jain is the Operating Partner for Energy transitions. Essar Capital Limited (Essar Capital) is the investment manager of Essar Global Fund Limited (EGFL). 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. Mr Deepak Sogani joined ESSAR in August 2020 as Managing Director Finance, Essar Capital, the investment manager for Essar Global Fund Limited (EGFL). The sponge iron plant became a hugely successful venture. Thangapandian Srinivasalu currently serves as the Advisor for investments in the Energy sector at Essar Capital. 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. As the world comes together to develop innovative ways of generating sustainable energy the supporting storage and transportation infrastructure needs to evolve. Since Essar did not have prior experience in this industry, it roped in Swiss PTT as a joint venture partner. Prior to being the Managing Director at Essar Capital, Rakesh has been at leadership positions in Essar Ports. He also ensures the successful delivery of the organisations corporate and business plans and desired outcomes. This is equivalent to the domestic heating energy used by a major British city region, such as Liverpool. Essar Energy, which owns the Stanlow. The plant has a high availability factor of 99 percent. He plays a key role in managing strategic functions of EGFL. 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. Ravi Ruia belongs to the generation of industrialists who have played a significant role in leading Indias industrial renaissance. 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. Around this time, Bombay High had just started producing oil, which needed to be transported onshore. 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. Patrick Walters, Chief Executive Officer, Stanlow Terminals Limited, said: This landmark announcement of our partnership with Fulcrum after our first year of operations is an excellent example of why Stanlow Terminals Limited was established. 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. Tempe, Arizona white page directory listings include full name, phone number and address. Essar Oil UK Contact us Contact us How can we help you? 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. The green energy projects will include an investment of $1.2 billion in green ammonia manufacturing in India. It also bought Stemcors 100 percent stake in Steel Corporation of Gujarat (SCGL) which had set up a 1.2 MTPA cold-rolling complex at Hazira. 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 Tranmere Oil Terminal, with its two dedicated jetties, can handle Very Large Crude Carrier (VLCC) tankers loaded with up to 170,000 tonnes of crude. Firdose has extensive experience in emerging markets, having been involved in advising governments, parastatals and companies in Africa, India, Europe and the Middle East. He is a part of the Management Committee of Essar Capital. 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. Essar Stanlow's top supplier is Refined Technologies with 17 shipments. Both these factors led to a stoppage of work at the refinery, The Mid-2000s: Resurrecting the Essar Oil Refinery. 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 company received underwriting commitments from Chase and Lehman Brothers. . Rajiv was awarded the designation of Canadian Investment Manager by the Canadian Securities Institute in 2006. 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. 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. 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 companies and supermarkets, Manchester Airport, leading commercial airlines and the regions trains and buses. A new value-centric growth strategy based on Entrepreneurship, Expertise and Experience along with a robust governance system and structure will deliver superior returns, sustainably. Subsequently he took responsibility as President Global Markets & Strategy since 2012 where he was responsible for sales, pricing strategy, marketing, and product & category management for the Steel business. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking for Infrastructure. Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk, Original reporting and incisive analysis, direct from the Guardian every morning. Unite said it had informed the owner of the Ellesmere refinery, India's Essar Group, that its members . Prior to joining Essar, he has worked with Caf Coffee Day and UB Spirits. With more than 50 years of experience, he guides Essar through transformations, manages operating functions and leads complex projects. Copyright 2023 Essar. Essar is investing over 1 billion into a range of energy efficiency, fuel-switching, and carbon capture initiatives, designed to decarbonise its production processes significantly by 2030 and put Essar at the forefront of the UKs shift to low carbon energy. 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. Michelle Lewis, Corporate Affairs Director, Essar: michelle.lewis@essaroil.co.uk / 07805 854169, Peter Ogden, Powerscourt: essar@powerscourt-group.com / 07793 858 211. Stanlow has 800 employees, and is a key strategic national asset, annually producing over 16% of the UKs road transport fuels, while playing a key role in Britains broader petrochemical industry. Later, it went on to buy a specialized pipe-laying barge to undertake this kind of activity. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. Email. Last month Essar Oil UK announced its participation in the production of blue hydrogen under the HyNet project. Firdose Coovadia is an Advisor, Metals & Mining, at Essar Capital. Role Active Director Date of birth July 1961 Additionally, he has held leadership positions at IAA Healthcare, Metropolitan Insurance, CIM Global Business, CIM Asset Management, Ireland Blyth Limited and HSBC respectively. Essar Logistics took care of the movement of cargo, generated by Essar Steel and Essar Oil, by road. Additionally, he is also a member of the India-Indonesia CEOs Forum. 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. Together, these initiatives will help diversify the refinery in a greener direction, and help achieve the UK's decarbonisation goals. Essar House, Top-lines crashed, while interest rates were at their highest ever (Prime Lending Rates had touched 17 percent). 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. It involved buying an asset against the securitisation of receivables. Having started his career with HPCL, he worked with National Oil Nigeria, Reliance Industries Ltd., TotalFinaELF and Gulf Oil India. Essar teamed up with Brown & Root of USA in laying an under-sea pipeline from the offshore Bassein gas field to Hazira. All Rights Reserved. This prompted Essar to start manufacturing sponge iron. Essar also entered the power and telecom sectors as and when they were opened up to private participation. Managing Director, Finance, Infra, Tech & Retail. Essar Constructions grew its activities considerably over the years. 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. Our latest List Price, effective from 2nd March, for Ex Rack sales is as follows. Vessel handling, product discharge, processing, blending and more, Connectivity Solutions Dockers at Stanlow refinery in Cheshire have refused to unload a shipment of Russian oil. 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. Correspondence address The Administration Building, 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB . 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. Mr Rajiv Gujjalu serves as Director Essar Global Fund Limited (EGFL). He would be responsible for advising and leading the company with regards all investments and opportunities in the metals & mining sector. With over 27 years of work experience in diverse industries ranging from Manufacturing (Metals, Mining & Power Generation) to Services sectors (Commercial Airline and Technology, inclusive of Business Process Outsourcing sectors), he provides strategic direction to the management of the Mesabi Portfolio. Stanlow is connected to the rest of the UK by an extensive road network, focused on the M62, M60, M56, M53, A66, A69 East-West corridors and the South and Transpennine routes.

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