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Object reference not set to an instance of an object. Essar Constructions grew its activities considerably over the years. Mumbai - 400034 Later, it went on to buy a specialized pipe-laying barge to undertake this kind of activity. We are committed and primed to lead the national charge in the development of a more sustainable energy infrastructure by creating the UKs first eco-friendly energy hub. Dockers at Stanlow refinery in Cheshire have refused to unload a shipment of Russian oil. In 1995, a few months after mobile telephony was opened up to private participation, Essar became the first company to start GSM operations in Delhi under the brand name, Essar Cellphones. At Hazira, a deep draft berth and shipping channel was constructed to enhance the cargo handling capacity by bringing larger vessels alongside the berth. He is responsible for all HR matters for the Metals & Mining and Services & Technology portfolios. The 1980s: Supporting Indias nascent exploration sector. Earlier this year, it announced its participation in production of blue hydrogen under the HyNet project. A general view of Essar Oil UK's Stanlow oil refinery near Ellesmere Port, Britain, September 27, 2021. With 18 years of experience, he has also served as the Senior Vice President, International Projects and Corporate Finance, with Essar Services. However, Essars chosen policy was to get into areas of import substitution, high technology and national importance. He has played an integral role in many landmark private equity transactions and has also managed many regional and global private equity funds. Mr Deepak Sogani joined ESSAR in August 2020 as Managing Director Finance, Essar Capital, the investment manager for Essar Global Fund Limited (EGFL). The green energy projects will include an investment of $1.2 billion in green ammonia manufacturing in India. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. In 1999, the government announced a new telecom policy that was more conducive to growth. It also complements the announcement last month regarding a blue hydrogen development at Stanlow as part of the HyNet project. Essar Ports is both a people-driven and people-centric organisation. Priya Chakravarty is the Senior Director, HR, at Essar Capital. 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. Previously Group Director at Gulf Petrochem, he is an oil and gas professional with around 35 years of experience in sales, marketing and trading of petroleum products in India, the Middle East and Nigeria with Public Sector Undertakings, Multi-National Companies and private sector companies. 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. Strategic investments in setting up world-class facilities in Steel, Power, Ports, Oil and Gas. Essar followed up this success, by setting up a pellet plant in Visakhapatnam as part of its backward integration strategy. Follow on capacity growth is planned to reach 80% of the UK Governments new target of 5GW of low carbon hydrogen for power, transport, industry and homes by 2030. 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. Vertex's low carbon hydrogen production plant will be a core part of the HyNet low carbon cluster. Badrinath Durvasula joined Essar as the Managing Director, Legal, and oversees and advises the legal function for the Energy, Services & Technology sectors. 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. Mr Sogani helps manage Essar Capital investments in the portfolio companies of metals & mining sector. With has a nameplate capacity of 296,000 barrels of oil a day, it is responsible for about one sixth of the UK's petrol supply. 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 was the Chief Executive Officer and Board Member at Essar Oil UK Limited. 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. Essar Global Fund Limited (EGFL), set up in 2005, invests in building and nurturing assets, and creating value in the core sectors of Energy, Infrastructure & Logistics, Metals & Mining and Technology & Retail. 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. By 2006, all the circles were under one umbrellaHutchison Essar Limited. Jatinder Mehra is the Vice Chairman & Operating Partner of Essar Capital. Additionally, he has held leadership positions at IAA Healthcare, Metropolitan Insurance, CIM Global Business, CIM Asset Management, Ireland Blyth Limited and HSBC respectively. Legal Disclaimer and Terms and Conditions of Usage, This website uses cookies or similar technologies, to enhance your browsing experience and provide personalized recommendations. Essar Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. 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. He has worked as an Economic Advisor, and the principal economic policy maker at the state level for seven years. 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. Ravi Ruia belongs to the generation of industrialists who have played a significant role in leading Indias industrial renaissance. 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. However, the recovery from the pandemic has been slower than predicted, the company said, adding that it hopes for a resolution soon. Our sights are firmly set on helping to drive the UK's decarbonisation strategy. The takeover of SCGL has enabled Essar to widen its product base and cater to a larger segment of industries. Six business areas in the core sectorConstruction, Shipping, Steel, Power, Oil & Gas, and Telecommunicationswere identified as growth drivers for the Group. The steel generation capacity at the Hazira plant was raised from 2 MTPA to 2.4 MTPA through de-bottlenecking. It had a fleet of over 100 vehicles of varying capacities. In the early 1990s, the Indian economy was liberalised and many industries that were hitherto monopolised by public sector companies were opened up to the private sector. The FRNs were due for refinancing in 1999, the year that marked the end of the five-year term. ian.cotton@essaroil.co.uk and 07805 854169, Jeff Ovens, Managing Director, UK & Europe, jovens@fulcrum-bioenergy.com and 07399 472 650. Scrap prices were volatile and had to be purchased with precious foreign exchange. Stanlow also plays an important part in Britains petrochemical industry, providing feedstocks such as toluene, propylene and ethylbenzene. Essar Logistics took care of the movement of cargo, generated by Essar Steel and Essar Oil, by road. Alok Gupta is the Operating Partner, Technology & Retail, at Essar Capital. If approved, construction work is scheduled to begin on site by the end of 2022, with hydrogen production set to commence by the mid-2020s. At Stanlow Terminals, we pride ourselves on being flexible to our customers' needs, with a market leading storage offering. Email address: SSTAdvising@asu.edu / SSTGradAdvising@asu.edu Phone: 480-965-7682 Location: Advising offices are located in 777 Novus, Suite . 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). 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. 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. In 2005, when the government came out with the unified licensing scheme, the JV started merging all the telecom circles. General enquiry Contact us Commercial enquiry Retail enquiry Purchasing and Supplier Management (PSM) enquiry Careers enquiry General enquiry For general enquiries please write to: Stanlow Refinery Ellesmere Port Cheshire CH65 4HB Or phone Switchboard 0151 350 4000 925.730.0150. Essar Oil UK is committed to helping drive the UK's decarbonisation strategy. His entrepreneurial abilities have enabled the Essar Global portfolio of companies to become one of the leading names in global industry. Essar wanted to buy out Hutchisons stake and tied up a line of credit of over USD 11 billion. The development will see Fulcrum, whose parent is based in California, United States, construct, own and operate the plant within Essar's Stanlow Manufacturing Complex in the North West of England. 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. The company's spirited involvement in community service . At that price, steel plant operations were simply unsustainable. Contact Us. Essar again grabbed the opportunity and went on to become Indias largest rig operator in the private sector. info@fulcrum-bioenergy.com . This innovative bio-refinery will convert several hundred thousand tonnes of pre-processed waste, which would have otherwise been destined for incineration or landfill, into approximately 100 million litres of low carbon SAF annually. CH65 4BD, United Kingdom, UKs Largest 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. Essar Group on Monday announced a fresh investment of $3.6 billion in setting up an Essar Energy Transition (EET) to spearhead green energy transition projects in the UK and India. 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. Physical location: 777 Novus, Suite 310AA, Tempe, AZ 85287-4308 Building: Novus Tower, Tempe Campus Mailing address: P.O. Essar merged these circles into Hutchison Essar to create a telecom major. Sale included 20 MTPA refinery, retail, port and related infrastructure. They primarily export from United States with 17 shipments . All these activities were consolidated under Essar Shipping and Logistics Limited. 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. Choose Additional Cities in Arizona by Selecting the First Letter of the City. Vikash is also a member of the Management Committee of Essar Capital. He is responsible to advise and represent the company for all the legal matters concerning the Energy sector investments and portfolio businesses. 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. India Salaya Vizag Stanlow. 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 of its portfolio companies share the Funds ESG centric value system, reflecting the philosophy of placing people before profit. Essar is already making rapid progress against its broader decarbonisation targets. 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. Marg, Having completed his law degree from the University of Leeds, United Kingdom, Andrew has over 25 years of rich experience. 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. This brought down the capital cost per tonne of steel, which helped reduce overall cost of production. 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. 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. The Stanlow refinery supplies about a sixth of the UKs road fuel. Prior to joining Essar, he was associated with EY as a Partner for 11 years. Email. 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. The construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. Our latest List Price, effective from 2nd March, for Ex Rack sales is as follows. Media contact. . All its Suezmax tankers were approved by oil majors, an endorsement that fetches a premium in freight. The refinery plays a strategic role in the UK economy, supplying 16% of all road transport fuels.