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exploration & productionand downstream, into refining. Doaa AboulThomas AbbottSusan AdamsEmilio AbundioBorzu AfshariRay AdamsAnn Addington, Mesa, AZPhoenix, AZChandler, AZScottsdale, AZGilbert, AZ. 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. It monitors and manages the entire portfolio of investments owned by EGFL. Sale to Brookfield Asset Management Company, 10 MTPA integrated steel manufacturing complex. EOUK had agreed to an accelerated schedule to make this payment. Mr Naushad Ansari is Managing Director, Business Development, at Essar Capital. Our ambition is to become a leading low carbon refinery. epl.secretarial . and more than 70 percent of its shipping revenues came from international operations. In 2006, Hutchison, too, decided to exit India. 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 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. 4900 Hopyard Road Suite 220 Pleasanton, CA 94588. Strategic investments in setting up world-class facilities in Steel, Power, Ports, Oil and Gas. Essar Capital is governed by its board of directors and its responsibilities as investment manager of EGFL include: Essar House, 11 KK Marg, Mahalaxmi, Mumbai 400 034, India. Prashant is part of the second generation of the Ruia family that founded Essar. Contact information for Essar companies in India and worldwide . . Until the mid-1980s, Essar was focused on the service sectors of construction and shipping, which were prone to cyclical volatility. He was chairman and chief executive of J&K Bank for five years. Box 2260 Tempe, Arizona 85280-2260 For all other mailing needs: ASU Foundation P.O. This new development promises to lead the way to a cleaner and more sustainable future in the North West and change the way aviation fuel is made to help decarbonise the UK. Vessel handling, product discharge, processing, blending and more, Connectivity Solutions Mumbai - 400034 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. 11, K.K. He has led natural resources sector businesses for major investment banks globally. Prior to Essar, he has worked with Archean Group as Group President, and with SIVA group as CEO for about 15 years. Copyright 2023 Essar. He would be responsible for advising and leading the company with regards all investments and opportunities in the metals & mining sector. With 18 years of experience, he has also served as the Senior Vice President, International Projects and Corporate Finance, with Essar Services. Essar Oil (UK) Limited 2021. The steel generation capacity at the Hazira plant was raised from 2 MTPA to 2.4 MTPA through de-bottlenecking. Mr Mehra is involved in various Essar initiatives in areas of Business Strategy, Investments, Corporate Governance, Risk Management and Sustainability. 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. 20 August 2011. Managing Director, Finance, Infra, Tech & Retail. 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. Stanlow Manufacturing Complex, 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 Constructions executed pipe laying contracts for all the major oil companies in India, and drinking water pipelines in Gujarat, Tamilnadu and Rajasthan. Essar was founded in 1969 by his father, Shashi Ruia and uncle Ravi Ruia. Prashant holds key positions on several prestigious regulatory and professional boards. Stanlow also plays an important part in Britains petrochemical industry, providing feedstocks such as toluene, propylene and ethylbenzene. Essar also reentered the contract drilling services business after a hiatus of three years. . All Rights Reserved. Tempe, Arizona white page directory listings include full name, phone number and address. Additionally, he is also a member of the India-Indonesia CEOs Forum. 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. Choose Additional Cities in Arizona by Selecting the First Letter of the City. 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. However, Swiss PTT wanted to shut shop as part of its strategy to exit all Asian operations. 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. Essar owned 33% stake in the consolidated entity. Essar teamed up with Brown & Root of USA in laying an under-sea pipeline from the offshore Bassein gas field to Hazira. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. However, Essars chosen policy was to get into areas of import substitution, high technology and national importance. Sr. Ensuring your bulk liquid products reach their destinations with ease. 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. Following this maiden contract, Essar bagged projects at every major port in the country, including Tuticorin, Mangalore, Goa, Kakinada and Nhava-Sheva in Mumbai. Essar Oil UK (EOUK) used the governments pandemic VAT deferral scheme last year, which allowed businesses to delay tax repayments. Also, the financial sanctions imposed on India subsequent to the Pokhran nuclear test in May 1998 ensured that Essar was banned from raising FCCBs. Firdose Coovadia is an Advisor, Metals & Mining, at Essar Capital. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking for Infrastructure. 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. He Joined Essar in 1997 as COO in Essar Telecom and was the Executive Director of Essar Shipping Limited from 1998-2002. We unlock trapped value for energy partners feeling shackled by a lack of innovation and the status quo by maximising our flexible, end-to-end, safe and agile approach to logistics solutions management. Unite said it had informed the owner of the Ellesmere refinery, India's Essar Group, that its members . 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. An oil giant has announced plans to invest 1.9bn in Stanlow oil refinery in Cheshire, including establishing a plant to supply industrial hydrogen. 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. 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 was the Chief Executive Officer and Board Member at Essar Oil UK Limited. 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. Essar Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. Legal Disclaimer and Terms and Conditions of Usage, This website uses cookies or similar technologies, to enhance your browsing experience and provide personalized recommendations. Prior to joining Essar, he has worked with Caf Coffee Day and UB Spirits. Our latest List Price, effective from 2nd March, for Ex Rack sales is as follows. Prior to this, he was a partner with KPMGs risk consulting practice focusing on enterprise and compliance risk management, partnering with leading multinational companies in areas of GRC in India, North America and Middle East. 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. Earlier this year, it announced its participation in production of blue hydrogen under the HyNet project. Address. Prior to joining Essar, he was the Vice President and General Counsel at Hindustan Construction Company Ltd. Essar Group is to invest $3.6bn developing low-carbon energy in the UK and India under the newly formed Essar Energy Transition (EET). 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. A general view of Essar Oil UK's Stanlow oil refinery near Ellesmere Port, Britain, September 27, 2021. 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. 4900 Hopyard Road Box 2260 Tempe, Arizona 85280-2260 To visit us on site: ASU Fulton Center 300 E. University Drive Tempe, AZ . 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 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 1980s: Supporting Indias nascent exploration sector. With over 15 years of experience in diverse fields including media & publishing, corporate communications. At Hazira, a deep draft berth and shipping channel was constructed to enhance the cargo handling capacity by bringing larger vessels alongside the berth. Essar is investing to make our refinery at Stanlow, the UKs first low carbon refinery. Since Essar did not have prior experience in this industry, it roped in Swiss PTT as a joint venture partner. Essar Energy locked in negotiations with HMRC over VAT payment delayed because of pandemic. Recently, he was also awarded Business Leader of the Year in the NBFC segment by ET Now.