You may not use any information obtained from Intelius for any purpose covered by the FCRA. 4900 Hopyard Road Inside the Plant At a Glance. Mr Mehra is involved in various Essar initiatives in areas of Business Strategy, Investments, Corporate Governance, Risk Management and Sustainability. An oil giant has announced plans to invest 1.9bn in Stanlow oil refinery in Cheshire, including establishing a plant to supply industrial hydrogen. Stanlow | Essar Oil Uk Rakesh Kankanala is the Managing Director, Managing Director, M&A, Infrastructure, of Essar Capital. Essar braced itself for the oncoming challenge. Not one to lag behind, Essar seized every opportunity that came its way. Essar Energy, which owns the Stanlow. 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. He has over 28 years of experience in investment banking, private equity, audit and investment in a variety of institutions including KPMG and UBS Warburg. This is a massive undertaking, but it is a journey we are fully committed to. He joined Essar in early 2000 and has played a key role on strategic investments of Essar in core economy and infrastructure sectors. This debt was refinanced later when the government set up the Power Finance Corporation. 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. Earlier on he has worked with TCS in the beginning of his career. Essar Constructions grew its activities considerably over the years. Stanlow oil refinery 'on brink of collapse' as crisis talks continue Managing Director, Finance, Infrastructure, Technology & Retail, Managing Director, Business Development, Metals & Mining, Download Corporate Film(Extended Version). Located near Ellesmere Port in north west England, the Stanlow refinery is the second largest in the UK. 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. Apollo in talks with Stanlow refinery owner amid dash for cash His entrepreneurial abilities have enabled the Essar Global portfolio of companies to become one of the leading names in global industry. Being the largest independent means we can move quickly to meet your bulk liquid storage needs, Unique Refinery Access Registered office address The Administration Building 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB Company status Active Company type Private limited Company. Media contact. He is a strong business development professional with a Mechanical Engineering Degree from Aligarh Muslim University. Along with brother Ravi, Shashi Ruia laid the foundation of Essar and spearheaded its business strategy, diversification and growth. 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. Managing Director, Finance, Infra, Tech & Retail. Essar Oil (UK) Ltd is committed to playing a key role in the decarbonisation of the UK economy, with ambitious plans to build an energy transition cluster at Stanlow. 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 had financed the project through a combination of rupee debt and Floating Rate Notes (FRN)both on a five-year tenure. The only alternative to scrap was sponge iron, but there were no sponge iron manufacturers on the west coast of India despite a large number of users. As a result, while most shipping companies in India were making losses in the 80s, Essar was reaping profits. Operating Parter, Infrastructure & MD & CEO, Essar Ports. Viral has held key leadership positions at Vedanta Resources Plc, CIMB Securities/ Royal Bank of Scotland, Warburg Pincus, Citigroup, and Credit Suisse. Name Address Address(maps) LinkedIn Alibaba AliExpress Global Sources Want to send an RFI or RFQ to this supplier? 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. 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. CH65 4BD, United Kingdom, UKs Largest 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. Essar was founded in 1969 by his father, Shashi Ruia and uncle Ravi Ruia. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. 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. The commissioning was completed in October 1997. 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. Contact Us. Michelle Lewis, Corporate Affairs Director, Essar: michelle.lewis@essaroil.co.uk / 07805 854169, Peter Ogden, Powerscourt: essar@powerscourt-group.com / 07793 858 211. Essar Oil UK is committed to helping drive the UK's decarbonisation strategy. Today, the Hazira power plant has two power purchase agreementsone with the Gujarat State Electricity Board and the second with Essar Steel. At the same time, the 8 MTPA iron ore beneficiation plant at Bailadila and the 267-km slurry pipeline were completed. 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. He started his career with Escorts Limited where he worked and grew through various roles of operations and business development. 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 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. Unlike other fuel technologies currently being considered by industry, the use of SAF does not require changes to aircraft, engines, or airport infrastructure. Mumbai Essar Essar House 11, Keshavrao Khadye Marg Mahalaxmi Mumbai 400 034 Maharashtra, India Tel. Essar JV to build UK's largest hydrogen hub 2 min read . 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. Over the last five years, EGFL has rebalanced its portfolio by strategically monetising some of the world class assets and businesses built by Essar, which has an entrepreneurial track record of 50 years. In those early days of the telecom boom in India, effective policies were lacking and private telecom businesses were faced with several problems. Essar owned 33% stake in the consolidated entity. . The 1980s: Supporting Indias nascent exploration sector. Object reference not set to an instance of an object. Sale included 20 MTPA refinery, retail, port and related infrastructure. Dockers at Stanlow refinery in Cheshire have refused to unload a shipment of Russian oil. With more than 50 years of experience, he guides Essar through transformations, manages operating functions and leads complex projects. It is also a major regional employer with over 900 staff, an additional 800 on site contractors and a further 5,000 people employed indirectly through the extended value chain. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. He has held key leadership positions at YES Bank Ltd. and ICICI Bank Ltd. Kingsbury Diesel 121.92 ppl, PU10 114.84 ppl. Essar to invest USD 3.6 billion in energy transition in UK, India 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. Legal Disclaimer and Terms and Conditions of Usage, This website uses cookies or similar technologies, to enhance your browsing experience and provide personalized recommendations. The construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. 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. 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. His experience spans several sectors including mining and natural resources, telecommunications, business process outsourcing, infrastructure, healthcare and manufacturing. 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. About Our Company - Essar Tempe, AZ White Pages. exploration & productionand downstream, into refining. Phone. 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. He is respected for his project execution skills, financial expertise and people management capabilities. 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. Stanlow, 15th February, 2021. A general view of Essar Oil UK's Stanlow oil refinery near Ellesmere Port, Britain, September 27, 2021. 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. Refinery workers refuse to deal with ship carrying Russian oil A fleet of 13 onshore rigs and a semi-submersible rig were deployed with clients in India and abroad. Pleasanton, CA 94588. With over 30 years of experience in operational leadership, investment management and business growth across diverse sectors, Srinivasan provides critical evaluation on current and future capital investments. It invested in relevant logistics assets. Jatinder Mehra is the Vice Chairman & Operating Partner of Essar Capital. In addition to outside contracts, it executed all of Essars internal projects. Most Recent Shipment: 04/07/2022 (Database Updated . The funds from the sale of the tankers were used to buy two very large crude carriers (VLCC) of modern vintage and three Cape-size vessels. In the second quarter, a devastating cyclone hit the western coast of India damaging several structures in the refinery site. Firdose has extensive experience in emerging markets, having been involved in advising governments, parastatals and companies in Africa, India, Europe and the Middle East. He is the former Chairman and Managing Director of state-run natural gas giant GAIL India Ltd and had started his career in Oil and Natural Gas Corporation. 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. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. 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. 20 August 2011. The takeover of SCGL has enabled Essar to widen its product base and cater to a larger segment of industries. Stanlow Manufacturing Complex, As the world comes together to develop innovative ways of generating sustainable energy the supporting storage and transportation infrastructure needs to evolve. 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. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. Mr Deepak Sogani joined ESSAR in August 2020 as Managing Director Finance, Essar Capital, the investment manager for Essar Global Fund Limited (EGFL). Prashant is part of the second generation of the Ruia family that founded Essar. Essar again grabbed the opportunity and went on to become Indias largest rig operator in the private sector. Badrinath is a seasoned legal professional with over 29 years of core experience in implementing legal policies for corporates in the manufacturing, oil & gas and services sectors. Object reference not set to an instance of an object. Firdose Coovadia is an Advisor, Metals & Mining, at Essar Capital. Again, breaking the tradition of locating manufacturing facilities close to the mines, the Company chose to build the plant at Hazira, a port on the west coast of India. The FRNs were due for refinancing in 1999, the year that marked the end of the five-year term. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. It involved buying an asset against the securitisation of receivables. 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. Steel: The uncertainties of a cyclical business. Essar Oil (UK) Limited 2021. Prior to Essar, he was the CEO & Executive Director of Hero Future Energies Pvt Ltd. All Rights Reserved. This has improved the quality of the ore and reduced the transportation cost. He is responsible to advise and represent the company for all the legal matters concerning the Energy sector investments and portfolio businesses. Prior to being the Managing Director at Essar Capital, Rakesh has been at leadership positions in Essar Ports. Essar is investing to make our refinery at Stanlow, the UKs first low carbon refinery. Essar Site In 2005, when the vessel rates peaked, Essar sold its five Suezmax tankers at the price at which they were bought in 1994. It also complements the announcement last month regarding a blue hydrogen development at Stanlow as part of the HyNet project. As a result of that work over the past few months, EOUK has $1.1bn [800m] in liquidity secured. Contact information for Essar companies in India and worldwide . Srinivasan Vaidyanathan is the Operating Partner, Technology & Retail, at Essar Capital. Mr Viral Gathani is the Managing Director, Finance, Energy, at Essar Capital. Priya Chakravarty is the Senior Director, HR, at Essar Capital.
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