By 2006, all the circles were under one umbrellaHutchison Essar Limited. Marg, Mahalaxmi, Mumbai - 400034 Maharashtra, India. Essar had contracts with Chevron, Exxon-Mobil, Stat Oil, Shell, etc. The promoters could foresee the demand, a vision that paid rich dividends. In 1999, the government announced a new telecom policy that was more conducive to growth. Vertex Hydrogen is a joint venture between Essar Oil UK and Progressive Energy. 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 has invested in a portfolio of world-class companies across sectors and geographies. Additionally, he is also a member of the India-Indonesia CEOs Forum. Our sights are firmly set on helping to drive the UK's decarbonisation strategy. Choose Additional Cities in Arizona by Selecting the First Letter of the City. Vessel handling, product discharge, processing, blending and more, Connectivity Solutions 4900 Hopyard Road Suite 220 Pleasanton, CA 94588. Additionally, he has held leadership positions at IAA Healthcare, Metropolitan Insurance, CIM Global Business, CIM Asset Management, Ireland Blyth Limited and HSBC respectively. Sunil Jain is the Operating Partner for Energy transitions. 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. He is respected for his project execution skills, financial expertise and people management capabilities. Essar began the process of refinancing one year in advance, in May 1998. Tempe, AZ White Pages. In addition, Fulcrum NorthPoint was awarded a grant by the UK Government Department for Transport. All these projects helped transform Essar Constructions into a leading EPC contractor. Vikash Saraf is the non-executive director of Essar Capital. In 2005, when the vessel rates peaked, Essar sold its five Suezmax tankers at the price at which they were bought in 1994. Essar Ports Limited For SBI, the proposal posed a real challenge since it involved a first-of-its-kind transaction for the bank as well! Box 2260 Tempe, Arizona 85280-2260 To visit us on site: ASU Fulton Center 300 E. University Drive Tempe, AZ . It involved buying an asset against the securitisation of receivables. Rajiv Agarwal is the Operating Partner, Infrastructure, at Essar Capital and Managing Director, Essar Ports.He has over 30 years of experience and has held leadership positions in sectors such as Ports, Shipping, Telecom, Retail and Business Processing Outsourcing. Worse was to follow. Scrap prices were volatile and had to be purchased with precious foreign exchange. Copyright 2023 Essar. He holds a BA (Hons) in Economics and a Masters in Investment and Finance. A fleet of 13 onshore rigs and a semi-submersible rig were deployed with clients in India and abroad. Ravi Ruia belongs to the generation of industrialists who have played a significant role in leading Indias industrial renaissance. 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. Similarly, Essar Bulk Terminal was set up to create bulk terminal facilities at Hazira and other ports. . Dhanpat Nahata is the General Partner, Strategy and Risk, at Essar Capital. Stanlow has a highly efficient distribution capability for refined end products: Essar Oil UK remains the lowest cost supplier into the North West and is highly competitive in supplying adjacent markets. He has played an integral role in many landmark private equity transactions and has also managed many regional and global private equity funds. This will be the first Fulcrum plant outside the United States. He has held key leadership positions at Jindal Steel & Power Ltd, Jet Airways, Essar and Dell international. Kingsbury Diesel 121.92 ppl, PU10 114.84 ppl. She has more than 23 years of experience in Human Resources, having worked across industries like Manufacturing, Pharma, IT and Retail. At Hazira, a deep draft berth and shipping channel was constructed to enhance the cargo handling capacity by bringing larger vessels alongside the berth. It had a fleet of over 100 vehicles of varying capacities. He plays a key role in managing strategic functions of EGFL. The Research & Development team developed high-end products for specialized applications, like interstitial free steel for auto and auto components, high-end API grade steel for the petroleum industry, steel conforming to the ABS standard for ship building industry and so on. 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. The construction of two blue hydrogen production hubs at Stanlow will attract 750 million pounds ($1 Billion) in total investment and support a hydrogen economy across North West England and North East Wales. Unite said it had informed the owner of the Ellesmere refinery, India's Essar Group, that its members . You may not use any information obtained from Intelius for any purpose covered by the FCRA. Together, these initiatives will help diversify the refinery in a greener direction, and help achieve the UK's decarbonisation goals. He also worked at Essar Oil Limited, India, as CEO Marketing & IST, and was responsible for Retail Sales, Direct Sales, Retail Network Expansion, Sourcing Crude, Trading of Petroleum Products and Supply & Distribution in India and Kenya. The Essar Group was established by Mr. Shashi Ruia and Mr. Ravi Ruia in 1969, in South India. Prashant is part of the second generation of the Ruia family that founded Essar. For Essar's Stanlow Terminals Limited, this is a breakthrough deal to provide dedicated tank capacity for the storage and blending of fuel products from Fulcrum NorthPoint. Badrinath Durvasula joined Essar as the Managing Director, Legal, and oversees and advises the legal function for the Energy, Services & Technology sectors. Object reference not set to an instance of an object. Copyright 2023 Essar. Work on the refinery was progressing as per schedule till the first quarter of 1998. Production started in November 2006 with a capacity of 7.5 MTPA. The chemicals manufacturing plants uses technologically-advanced process units to produce propylene and turn ethylene, benzene, hydrocarbons and other feedstocks into a wide range of polymer and other products. Since 2010, some of the pioneering investments were proactively monetised for an enterprise value of US$ 40 bn through large transactions with foreign and Indian entities. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. Pleasanton, CA 94588. In order to improve the efficiency, Essar Steel bought Stemcors 51 percent stake in HyGrade Pellets Limited, the pellet making venture of Essar. Essar teamed up with Brown & Root of USA in laying an under-sea pipeline from the offshore Bassein gas field to Hazira. Prashant holds key positions on several prestigious regulatory and professional boards. The pipe laying division of the company was certified at ISO 9002. Madhu Vuppuluri is the Operating Partner, Metals & Mining, Essar Capital. Essar was founded in 1969 by his father, Shashi Ruia and uncle Ravi Ruia. The Fair Credit Reporting Act ("FCRA") is a federal law that promotes the accuracy, fairness and privacy of information in the files of consumer reporting agencies. Essar Ports Limited Essar House, 11, K.K. Essar Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. His strength lies in leading new business development opportunities and conducting preliminary due diligence and analysis of emergent companies and partners. Mr Naushad Ansari is Managing Director, Business Development, at Essar Capital. 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. Gifts and Donations to: ASU Foundation Attn:Financial Services P.O. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking. He has worked as an Economic Advisor, and the principal economic policy maker at the state level for seven years. This arrangement was made for two principal reasons: One, Indian financial institutions were not in a position to lend for a longer term; two, raising foreign currency debt beyond five years was not permitted at that time. 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. Until then, only foreign construction companies would undertake a project of this magnitude and complexity. By using SAF derived from residual domestic household and commercial waste, greenhouse gas emissions are reduced significantly on a lifecycle basis when compared to fuels produced from conventional crude oil. Essar House, Now, Essar is all set to team up with the new JV partner Vodafone to take growth to the next level. 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. Managing Director, Finance, Infrastructure, Technology & Retail, Managing Director, Business Development, Metals & Mining, Download Corporate Film(Extended Version). He is responsible for investigation, analysis and assessment of risk, and accordingly design and implement strategies and processes which mitigate these threats. Regular ferry services connect Stanlow from Liverpool and Holyhead to Ireland, Isle of Man, Northern Ireland and northern Spain. Essar JV to build UK's largest hydrogen hub 2 min read . This led to financial sanctions being imposed on India and Indian companies no longer had access to foreign funds. He started his career with Escorts Limited where he worked and grew through various roles of operations and business development. Delivering cleaner/greener energy solutions, Localise the supply chains for the industry, Create logistics network, storage solutions and platforms by leveraging technology, To be the trusted go to technology solution integrator, https://www.essar.com/wp-content/uploads/2021/09/Essar_Corporate_Film.mp4, Provide new environmentally beneficial source of energy in India, Transform Essar Oil UK to become a global benchmark for green refineries, Build a hub for the UKs upcoming hydrogen transformation, Build an energy compliant state-of-the-art steel plant, Provide the lowest cost high grade green iron ore pellet in the United States and India, Enable trade and transport services across the industrial hubs in the west and east coasts of India, Create the largest independent hydrocarbon terminals business in North-West Europe, To architect, deploy, manage and secure the customers IT environment through customised solutions, To integrate intelligent digital networks and platforms, Implementing and managing investments and divestments, Preparing and delivering financial reports of EGFL, Implementing and overseeing appropriate policies and procedures, 1995 First Mover partnership with Hutchison Whampoa and then with Vodafone, Part Sale of Aegis USA Inc. to Teleperformance at $610 million, Sale of 98% stake in Essar Oil to Roseneft, and Trafigura-led consortium. Acting as director of several client companies, Rajiv is a Fellow member of the Mauritius Institute of Directors since 2012. He was appointed as MD & CEO of Essar Shipping, Ports & Logistics Limited in 2010. 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. 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. Well do this through a combination of our unique geographical location, decades of experience and a passion for a greener, cleaner planet. It owned 11 land rigs, one offshore rig and a drill ship. Our ambition is to become a leading low carbon refinery. 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. In 2005, when the government came out with the unified licensing scheme, the JV started merging all the telecom circles. Utilising our strong geographical position and experience in the energy sector, we are providing delivery solutions based on the ability to safely handle energy products to meet the needs of todays society and tomorrows society. 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.
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