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. A slew of projects in each of these businesses were initiated in the 1990s when the Indian economy was booming. Alok Gupta is the Operating Partner, Technology & Retail, at Essar Capital. He brings with him 39 years of experience, and has extensive experience in the renewable energy sector. 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. With over 15 years of experience in diverse fields including media & publishing, corporate communications. When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. The Late 1980s: Foray into core sector manufacturing. He joined Essar in early 2000 and has played a key role on strategic investments of Essar in core economy and infrastructure sectors. He is a seasoned professional with over 27 years of experience, including 23 years in international investment banking & private equity. Sale included 20 MTPA refinery, retail, port and related infrastructure. The ambitious plan sets firm foundations to accelerate the UK's path to net zero while transforming the economy, boosting employment and delivering growth. It also complements the announcement last month regarding a blue hydrogen development at Stanlow as part of the HyNet project. The returns from the transition will not only outperform benchmark returns but also contribute to a sustainable society within the framework of Environmental, Social and Governance (ESG) and transform sectors for a post carbon economy. Vessel handling, product discharge, processing, blending and more, Connectivity Solutions Moreover, the quality of scrap was also not always up to the mark. In order to lend stability to the Group, Essar planned to enter manufacturing. 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. 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. Haseeb Drabu is an economist with over 30 years of experience with diverse skill-sets and wide-ranging experience as a lawmaker, policy planner, banker and an economic commentator. Essar Group is to invest $3.6bn developing low-carbon energy in the UK and India under the newly formed Essar Energy Transition (EET). She has earlier worked with Cipla as Head HR International Business, and has also volunteered with the Akanksha Foundation. 4900 Hopyard Road 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. Having completed his law degree from the University of Leeds, United Kingdom, Andrew has over 25 years of rich experience. All its Suezmax tankers were approved by oil majors, an endorsement that fetches a premium in freight. He is a part of the Management Committee of Essar Capital. Essar Oil UK bought the Stanlow refinery at Ellesmere Port from Shell in 2011. His experience spans several sectors including mining and natural resources, telecommunications, business process outsourcing, infrastructure, healthcare and manufacturing. Our latest List Price, effective from 2nd March, for Ex Rack sales is as follows. 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. Doaa AboulThomas AbbottSusan AdamsEmilio AbundioBorzu AfshariRay AdamsAnn Addington, Mesa, AZPhoenix, AZChandler, AZScottsdale, AZGilbert, AZ. 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. This is great news for the North West, with hundreds of jobs created as the region takes the lead in making aviation greener.I hope this is a sign of great things to come as we look forward to a sustainable, low carbon future for aviation, helping us push forward towards our 2050 net-zero target. 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. So Essar set up steel manufacturing facilities at Hazira with the objective of gaining value addition. India in those days had secondary steel makers who used imported scrap to produce steel. Prashant holds key positions on several prestigious regulatory and professional boards. as panic buying hits forecourts across 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. Essar Oil (UK) Limited is registered in England and Wales with company registration number 07071400 and registered office at 5th Floor, the Administration Building, Stanlow Complex, Ellesmere Port, Cheshire, CH65 4HB. Email address: SSTAdvising@asu.edu / SSTGradAdvising@asu.edu Phone: 480-965-7682 Location: Advising offices are located in 777 Novus, Suite . 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. Prior to joining Essar, he was the CEO of Religare Finvest Limited (RFL) and the Managing Director of Religare Housing Development Finance Corporation (RHDCL). He also ensures the successful delivery of the organisations corporate and business plans and desired outcomes. Last month Essar Oil UK announced its participation in the production of blue hydrogen under the HyNet project. 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. All these activities were consolidated under Essar Shipping and Logistics Limited. Vertex is developing the first large scale, low carbon hydrogen production hub in the UK, as part of the HyNet cluster (www.hynet.co.uk). Legal Disclaimer and Terms and Conditions of Usage, This website uses cookies or similar technologies, to enhance your browsing experience and provide personalized recommendations. EGFL has a globally benchmarked robust risk and regulatory framework. Vice Chairman & Operating Partner, Metals & Mining, Operating Parter, Infrastructure, MD & CEO, Essar Ports, Sr. Correspondence address The Administration Building, 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB . 925.730.0150. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. Essar Constructions executed pipe laying contracts for all the major oil companies in India, and drinking water pipelines in Gujarat, Tamilnadu and Rajasthan. 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 companies under the TTP have been given until January 2022 to meet their commitments. Vertex's low carbon hydrogen production plant will be a core part of the HyNet low carbon cluster. During the period of stoppage, Essar had wisely planned for technology upgrades. Northampton Diesel 121.98 ppl, PU10 114.89 ppl. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address the issue: Increase capacity, move to value-added segments and bring down finance costs. Stanlow. By 2030, Vertex expects to deliver nearly 4GW of low carbon hydrogen, equivalent to c.40% of the UK Governments national target. Unite said it had informed the owner of the Ellesmere refinery, India's Essar Group, that its members . Prior to joining Essar, he was associated with EY as a Partner for 11 years. The promoters could foresee the demand, a vision that paid rich dividends. Were primed to lead the national charge in the development of changing energy infrastructure and create the UKs first sustainable energy hub. B.C. Well do this through a combination of our unique geographical location, decades of experience and a passion for a greener, cleaner planet. 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. 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. Around the mid-1980s, the Government also opened up the contract drilling business to Indian private companies. Your price for Delivered in supplies will be subject to delivery costs. Ensuring your bulk liquid products reach their destinations with ease. The green energy projects will include an investment of $1.2 billion in green ammonia manufacturing in India. 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. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. He is responsible for all HR matters for the Metals & Mining and Services & Technology portfolios. He was the Chief Executive Officer and Board Member at Essar Oil UK Limited. Tempe, Arizona white page directory listings include full name, phone number and address. Prashant is part of the second generation of the Ruia family that founded Essar. Contact Us. Unite general secretary Sharon Graham said: "Unite has contacted Essar who operate the Stanlow Oil Refinery to inform the company that due to the ongoing conflict in Ukraine, Unite workers at . 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. He has held key leadership positions at YES Bank Ltd. and ICICI Bank Ltd. Essar was founded in 1969 by his father, Shashi Ruia and uncle Ravi Ruia. Contact information for Essar companies in India and worldwide . Earlier on he has worked with TCS in the beginning of his career. 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. 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. Box 2260 Tempe, Arizona 85280-2260 To visit us on site: ASU Fulton Center 300 E. University Drive Tempe, AZ . 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. In this business, too, Essar kept refinancing the debt to reduce finance costs. School of Social Transformation. Essar teamed up with Brown & Root of USA in laying an under-sea pipeline from the offshore Bassein gas field to Hazira. Independently, Essar had acquired licenses in seven circles where Hutchison Essar did not have operations, and in four circles of BPL. exploration & productionand downstream, into refining. Essar replaced Swiss PTT with Hutchison as partner. The experience in contract drilling prompted the Group to venture into the upstream in the Oil sectori.e. Managing Director, Finance, Infra, Tech & Retail, at Essar Capital. Within 18 months after work resumed, Essar began commissioning the refinery in phases. All Rights Reserved. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. He joined Burmah Shell in 1957, also known as Bharat Petroleum Corporation Ltd after it was nationalised, and retired from it as director marketing. Essar is already making rapid progress against its broader decarbonisation targets. Essar also entered the power and telecom sectors as and when they were opened up to private participation. 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. He is on the Boards of World Steel Association, and the Metals & Mining and Energy industry Committee of the World Economic Forum. 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. In September, EOUK announced it had signed a Heads of Terms offtake agreement with Vertex, a joint venture with Progressive Energy, for the supply of 280MW+ of hydrogen. In her earlier stint with Essar, Priya has worked at Senior Management roles, initially with Essar Oil and then as Head International HR (Corporate HR). However, Swiss PTT wanted to shut shop as part of its strategy to exit all Asian operations. Shashi Ruia began his career in the family business in 1965 under the guidance of his father, the late Nand Kishore Ruia. The majority of the investment - across a range of hydrogen production technologies, decarbonisation, biofuels and infrastructure projects - will be at its Stanlow site ($2.4bn), with the balance in India. After achieving success and recognition in India, the Company was now poised to venture overseas. The steel generation capacity at the Hazira plant was raised from 2 MTPA to 2.4 MTPA through de-bottlenecking. 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. Following this maiden contract, Essar bagged projects at every major port in the country, including Tuticorin, Mangalore, Goa, Kakinada and Nhava-Sheva in Mumbai. Sunil Jain is the Operating Partner for Energy transitions. Having started his career with HPCL, he worked with National Oil Nigeria, Reliance Industries Ltd., TotalFinaELF and Gulf Oil India. He would be responsible for advising and leading the company with regards all investments and opportunities in the metals & mining sector. Operating Parter, Infrastructure & MD & CEO, Essar Ports. Essar followed up this success, by setting up a pellet plant in Visakhapatnam as part of its backward integration strategy. The sponge iron plant became a hugely successful venture. 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. When Essar conceived the project, international steel prices were in the region of USD 450 per tonne. Copyright 2023 Essar. 4900 Hopyard Road Suite 220 Pleasanton, CA 94588. Essar Site. Recently, he was also awarded Business Leader of the Year in the NBFC segment by ET Now. Worse was to follow. Role Active Director Date of birth July 1961 His academic research paper on Sustainability and Renewable Consumption Obligation has been presented at forums of international repute. Prior to joining Essar, he was the Vice President and General Counsel at Hindustan Construction Company Ltd. 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. His entrepreneurial abilities have enabled the Essar Global portfolio of companies to become one of the leading names in global industry. Leveraging his extensive business network, Firdhose has also played an active role in assisting portfolio companies with business development and cross-border transactions or business relationships across Africa, the Middle East and Asia. 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. He has worked as an Economic Advisor, and the principal economic policy maker at the state level for seven years. Sanjay Palve is the Sr. In her last assignment as Chief People Officer Hometown & Ezone, Priya was responsible for driving a transformational HR agenda that focused on organisational culture, building a talent pipeline, and initiating & aligning all people practices to business achievement. Bespoke sustainable solutions to suit logistics and supply chain requirements. He was appointed as MD & CEO of Essar Shipping, Ports & Logistics Limited in 2010. Located near Ellesmere Port in north west England, the Stanlow refinery is the second largest in the UK. Object reference not set to an instance of an object. The FRNs were due for refinancing in 1999, the year that marked the end of the five-year term. He also has rich experience in leading change management, cultural transformation, organisational redesign and restructuring. 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. Around this time, Bombay High had just started producing oil, which needed to be transported onshore. Essar Global Fund invests, builds and nurtures a portfolio of world-class companies through Essar Capital, its investment manager. 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. It had a fleet of over 100 vehicles of varying capacities. 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). In 2006, Hutchison, too, decided to exit India. In 1999, the government announced a new telecom policy that was more conducive to growth. His strength lies in leading new business development opportunities and conducting preliminary due diligence and analysis of emergent companies and partners. Plant owner Essar is also investing in a . Essar House, She has more than 23 years of experience in Human Resources, having worked across industries like Manufacturing, Pharma, IT and Retail. Raj Varma is an Advisor, at Essar Capital. Copyright 2023 Essar. If you would like a quote for delivery . 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. But the Sunday Times reported that the government was on alert in case Stanlow collapsed, and that it could go into insolvency if it could not raise more funds. Until then, only foreign construction companies would undertake a project of this magnitude and complexity. Stein Ivar Bye, Chief Executive Officer, Essar Oil UK, commented: Stanlow has produced high quality energy products for over 60 years and we intend to remain a key national supplier of energy for the UK into the future.
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