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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 . Tempe, Arizona white page directory listings include full name, phone number and address. Prior to Essar, he has worked with Archean Group as Group President, and with SIVA group as CEO for about 15 years. The company approached State Bank of India (SBI), a leading public sector bank in India, for a loan. The site directly employs more than 900 people, with an additional 800 on-site contractors and a further 5,000 people working indirectly within the extended value chain, according to Essar Oil UK's website. 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. Currently, he heads the country operations of Afrocentric Group in Mauritius and is the Managing Director of Medscheme International. 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 Oil (UK) Limited 2021. Andrew Wright is the Managing Director, Legal, at Essar Capital. The company began its operations with the construction of an outer breakwater in Chennai port, an order worth Rs 2.5 crore. Mumbai Essar Essar House 11, Keshavrao Khadye Marg Mahalaxmi Mumbai 400 034 Maharashtra, India Tel. In addition to outside contracts, it executed all of Essars internal projects. 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 . The challenge was to select a sector that was an import substitute, with a product that had long-term demand and served a national purpose. He has over 25 years of work experience in the field of M&A and Transactions. Vikash is also a member of the Management Committee of Essar Capital. Steel: The uncertainties of a cyclical business. Our ambition is to become a leading low carbon refinery. 925.730.0150. Scrap prices were volatile and had to be purchased with precious foreign exchange. Registered office address The Administration Building 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB Company status Active Company type Private limited Company. Role Active Director Date of birth July 1961 He has been a key member of several industry committees like Confederation of Indian Industries, Federation of Indian Commerce Industries, The Associated Chamber of Commerce & Industry of India and SUPERBRANDS for several years. Vikash Saraf is the non-executive director of Essar Capital. The sponge iron plant became a hugely successful venture. Subsequent to the HyGrade takeover, the pellet making capacity was enhanced to 8 MTPA. Low carbon hydrogen will be produced at the Stanlow Manufacturing Complex located in Ellesmere Port, Cheshire. Inside the Plant At a Glance. In addition, Essar Oil UK operates an integrated terminal and marine facility at Stanlow and Tranmere on behalf Stanlow Terminals. 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. In 2005, when the government came out with the unified licensing scheme, the JV started merging all the telecom circles. Top-lines crashed, while interest rates were at their highest ever (Prime Lending Rates had touched 17 percent). 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. If you would like a quote for delivery . Managing Director, Finance, Metals & Mining. Managing Director, Finance, Infrastructure, Technology & Retail, Managing Director, Business Development, Metals & Mining, Download Corporate Film(Extended Version). Simultaneously, global steel prices started tumbling and reached a historic low of USD 180 per tonne. Also, the financial sanctions imposed on India subsequent to the Pokhran nuclear test in May 1998 ensured that Essar was banned from raising FCCBs. The site was chosen due to its industrial nature, a skilled local workforce and existing refinery infrastructure, including a direct pipeline to Manchester Airport which can be used to transport the sustainable aviation fuel to aircraft. He has played an integral role in many landmark private equity transactions and has also managed many regional and global private equity funds. 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. At Stanlow Terminals, we pride ourselves on being flexible to our customers' needs, with a market leading storage offering. Around this time, Bombay High had just started producing oil, which needed to be transported onshore. 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. M: +44 (0)7805 854 169 E: ian.cotton@essaroil.co.uk . When commercial production began in 1996, this had fallen to USD 380 per tonne. 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. All these activities were consolidated under Essar Shipping and Logistics Limited. Operating Parter, Infrastructure & MD & CEO, Essar Ports. It owned 11 land rigs, one offshore rig and a drill ship. 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. Correspondence address The Administration Building, 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB . An offering that prides itself in the highest levels of safety to protect our people, your people and the communities we operate in. All these projects helped transform Essar Constructions into a leading EPC contractor. Essar Oil UK, which is being advised by EY, also insists it has made considerable progress to strengthen its financial position and agree new financing. 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. 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. He has also advised boards and management on major transactions in 34 countries. A slew of projects in each of these businesses were initiated in the 1990s when the Indian economy was booming. 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. Ensuring your bulk liquid products reach their destinations with ease. Essar became the first Indian company to operate in the waters of the Atlantic. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking. Retrieved 30 March 2012. Mr Viral Gathani is the Managing Director, Finance, Energy, at Essar Capital. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking for Infrastructure. And in February, Essar announced it has joined forces with Fulcrum BioEnergy and Essar's subsidiary company Stanlow Terminals to create a new 600m facility which will convert non-recyclable. He also served as a member on the Boards of Bharat Shell, and was the managing director of Bharat Oman Refineries Ltd. After a brief stint with Reliance Industries as its advisor, Varma joined Essar Oil as its CEO, Marketing, in 1999. The chemicals manufacturing plants uses technologically-advanced process units to produce propylene and turn ethylene, benzene, hydrocarbons and other feedstocks into a wide range of polymer and other products. 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. Together, these initiatives will help diversify the refinery in a greener direction, and help achieve the UK's decarbonisation goals. By 2030, Vertex expects to deliver nearly 4GW of low carbon hydrogen, equivalent to c.40% of the UK Governments national target. Box 2260 Tempe, Arizona 85280-2260 For all other mailing needs: ASU Foundation P.O. He joined Burmah Shell in 1957, also known as Bharat Petroleum Corporation Ltd after it was nationalised, and retired from it as director marketing. Stanlow is a key strategic national asset, annually producing over 16% of the UK's road transport fuels, while playing an important part in Britain's petrochemical industry by providing key feedstocks. He established PetroFina in India and was part of the team that launched Gulf Oil in India post opening up of the market. He Joined Essar in 1997 as COO in Essar Telecom and was the Executive Director of Essar Shipping Limited from 1998-2002. Earlier on he has worked with TCS in the beginning of his career. Investing in an end-to-end logistics infrastructure. Essar House, Managing Director, Finance, Infra, Tech & Retail. All Rights Reserved. She has more than 23 years of experience in Human Resources, having worked across industries like Manufacturing, Pharma, IT and Retail. Gifts and Donations to: ASU Foundation Attn:Financial Services P.O. 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. However, Swiss PTT wanted to shut shop as part of its strategy to exit all Asian operations. Essar has invested in a portfolio of world-class companies across sectors and geographies. Dockers at Stanlow refinery in Cheshire have refused to unload a shipment of Russian oil. 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. Essar had financed the project through a combination of rupee debt and Floating Rate Notes (FRN)both on a five-year tenure. 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. 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. 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. Srinivasan Vaidyanathan is the Operating Partner, Technology & Retail, at Essar Capital. Crude oil is supplied to the refinery via a 15 mile pipeline from the companys Tranmere facility further downstream in the Mersey Estuary. This led to financial sanctions being imposed on India and Indian companies no longer had access to foreign funds. Mr Naushad Ansari is Managing Director, Business Development, at Essar Capital. He has led natural resources sector businesses for major investment banks globally. 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. In 2005, when the vessel rates peaked, Essar sold its five Suezmax tankers at the price at which they were bought in 1994. Today, the Hazira power plant has two power purchase agreementsone with the Gujarat State Electricity Board and the second with Essar Steel. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address . With Assets Under Management (AUM) of USD 8.2 billion, as on 31 March 2021, and a net asset value of USD 4.4 billion, the current investment portfolio of EGFL is future centric and value accretive. Madhu Vuppuluri is the Operating Partner, Metals & Mining, Essar Capital. Essar Oil UK Contact us Contact us How can we help you? B.C. As Fulcrum's first facility in the United Kingdom, NorthPoint will be located at the Essar Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. The refinery plays a strategic role in the UK economy, supplying 16% of all road transport fuels. With over 32 years of work experience in the technological sector, Alok leads all new capital investment recommendations to the companys board. The Stanlow refinery supplies about a sixth of the UKs road fuel. It invested in relevant logistics assets. 11, K.K. Essar Oil UK bought the Stanlow refinery at Ellesmere Port from Shell in 2011. Essar will assist with the blending and supply the new SAF to airlines, with Stanlow Terminals Limited providing product storage and logistics solutions for the project under a long-term agreement. Essar replaced Swiss PTT with Hutchison as partner. 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. Prior to joining Essar, he has worked with Caf Coffee Day and UB Spirits. Essar did not succumb to the pressure. ENERGY Delivering cleaner/greener energy solutions, METALS & MINING Localise the supply chains for the industry, INFRASTRUCTURE & LOGISTICS Create logistics network, storage solutions and platforms by leveraging technology, TECHNOLOGY & RETAIL To be the trusted go to technology solution integrator. 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. 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. This was a time when the movement of petroleum products along the Indian coast was the monopoly of foreign-flag vessels, and no shipping companies in India would venture into this business as it was considered risky and involved the management of advanced technology. 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. Contact Us. 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. Jatinder Mehra is the Vice Chairman & Operating Partner of Essar Capital. 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.