Unlike other fuel technologies currently being considered by industry, the use of SAF does not require changes to aircraft, engines, or airport infrastructure. By continuing to use our website, you agree to our Privacy Policy Accept, Dedicated marine import capability to tankage. Prior to Essar, he has worked with Archean Group as Group President, and with SIVA group as CEO for about 15 years. When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. Essar Oil (UK) Limited 2021. It also enables the import of large parcels of diesel. All these activities were consolidated under Essar Shipping and Logistics Limited. 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 . Strategic investments in setting up world-class facilities in Steel, Power, Ports, Oil and Gas. Managing Director, Finance, Infrastructure, Technology & Retail, Managing Director, Business Development, Metals & Mining, Download Corporate Film(Extended Version). With 18 years of experience, he has also served as the Senior Vice President, International Projects and Corporate Finance, with Essar Services. 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. He holds a BA (Hons) in Economics and a Masters in Investment and Finance. 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. 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. Correspondence address The Administration Building, 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB . It involved buying an asset against the securitisation of receivables. Sale included 20 MTPA refinery, retail, port and related infrastructure. EGFL has a globally benchmarked robust risk and regulatory framework. In addition, Fulcrum NorthPoint was awarded a grant by the UK Government Department for Transport. In 2005, when the vessel rates peaked, Essar sold its five Suezmax tankers at the price at which they were bought in 1994. 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. Many steel companies at that time went down under. All companies under the TTP have been given until January 2022 to meet their commitments. By offering efficient low carbon logistics solutions to develop third party business we support diversification of the traditional refinery business and become a fundamental part of the UK drive to become carbon neutral. This is equivalent to the domestic heating energy used by a major British city region, such as Liverpool. 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. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address . 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. Sale to Brookfield Asset Management Company, 10 MTPA integrated steel manufacturing complex. The Fulcrum venture will complement Essar's wider plans to build a green energy industrial cluster at the Stanlow site. Mumbai Essar Essar House 11, Keshavrao Khadye Marg Mahalaxmi Mumbai 400 034 Maharashtra, India Tel. Essar Oil UK to build 360 million carbon capture facility to deliver 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. Additionally, he has held leadership positions at IAA Healthcare, Metropolitan Insurance, CIM Global Business, CIM Asset Management, Ireland Blyth Limited and HSBC respectively. Essar Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. Work on the refinery began in 1994, and by 1995, the necessary funding was in place. This prompted Essar to start manufacturing sponge iron. Essars Indian lenders refused to bail the company out. Regular ferry services connect Stanlow from Liverpool and Holyhead to Ireland, Isle of Man, Northern Ireland and northern Spain. Since Essar did not have prior experience in this industry, it roped in Swiss PTT as a joint venture partner. He has also led digitalisation initiative in GRC space and was instrumental in running technology-based solution around enterprise risk, compliance risk, license management and document repository systems. 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. . 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. Essar continues to be the largest Indian exporter of flat steel. Being the largest independent means we can move quickly to meet your bulk liquid storage needs, Unique Refinery Access Stanlow Terminals to provide storage for UK SAF plant Contact ; Transforming Logistics; New Offerings; Ports & Terminals. Essar was founded in 1969 by his father, Shashi Ruia and uncle Ravi Ruia. 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. Essar Oil UK Contact us Contact us How can we help you? Priya Chakravarty is the Senior Director, HR, at Essar Capital. About Our Company - Essar If you would like a quote for delivery . 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. This plant helped Essar Constructions garner expertise in building power plants in addition to its valuable experience in other sectors, including the steel plant for Essar Steel. 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). As Fulcrum's first facility in the United Kingdom, NorthPoint will be located at the Essar Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. 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. In addition, Essar Oil UK operates an integrated terminal and marine facility at Stanlow and Tranmere on behalf Stanlow Terminals. 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. 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. 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. 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. 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. Updated: 27 Jan 2022, 06:04 AM IST Subhash Narayan The UK's first low carbon hydrogen facility at Essar Stanlow will sit at the heart. India Salaya Vizag Stanlow. For cheapest and greenest transportation of your products, Beyond Storage 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. 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. Essar also entered the power and telecom sectors as and when they were opened up to private participation. Stanlow Terminals Limited Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4BD United Kingdom . This included an oil terminal at Vadinar with a capacity to receive 32 MTPA of crude, 14 MTPA product dispatch facilities through sea, crude storage facilities, and product dispatch facilities by road and rail. The Essar Group was established by Mr. Shashi Ruia and Mr. Ravi Ruia in 1969, in South India. 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. His academic research paper on Sustainability and Renewable Consumption Obligation has been presented at forums of international repute. She has earlier worked with Cipla as Head HR International Business, and has also volunteered with the Akanksha Foundation. What started out with an initial investment of USD 800 million had reached a valuation of USD18.8 billion in just six years. After a fierce round of bidding that involved several corporations, Vodafone bought the Hutchison stake valued at USD 11.5 billion. B.C. Essar Group bets $3.6 billion on decarbonisation in India and UK Hazira was also the land fall point for gas from the Bassein gas field in Bombay High. Mahalaxmi, 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. Contact information for Essar companies in India and worldwide . The remainder of our products leave via the Manchester Ship canal, The energy recovery plant processes both liquid and solid waste and is capable of generating 350 tonnes of steam every day for refinery use, Products manufactured by chemicals produced at Stanlow are used in the manufacture offoams for furniture and bedding, artificial sports tracks, ski suits and waterproof leisure wear. Stanlow Diesel 121.87 ppl, PU10 114.81 ppl. This has improved the quality of the ore and reduced the transportation cost. Copyright 2023 Essar. Our sights are firmly set on helping to drive the UK's decarbonisation strategy. 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. 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. He would be responsible for advising and leading the company with regards all investments and opportunities in the metals & mining sector. The green energy projects will include an investment of $1.2 billion in green ammonia manufacturing in India. ian.cotton@essaroil.co.uk and 07805 854169, Jeff Ovens, Managing Director, UK & Europe, jovens@fulcrum-bioenergy.com and 07399 472 650. Essar again grabbed the opportunity and went on to become Indias largest rig operator in the private sector. Essar has invested in a portfolio of world-class companies across sectors and geographies. 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. 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. 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. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. 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. Stanlow Terminals Limited He has played an integral role in many landmark private equity transactions and has also managed many regional and global private equity funds. Rakesh Kankanala is the Managing Director, Managing Director, M&A, Infrastructure, of Essar Capital. In those early days of the telecom boom in India, effective policies were lacking and private telecom businesses were faced with several problems. Essar braced itself for the oncoming challenge. Essar Oil UK bought the Stanlow refinery at Ellesmere Port from Shell in 2011.
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