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Madhus expertise lies in the area of mergers & acquisition, fund raising, investor relations, and operations management, and leads future capital investment recommendations to Essar Capitals Board of Directors. The power plant was originally conceived to cater to Essar Steels requirements, but was later converted to an independent producer with a capacity of 515 MW. The gas will be permanently sequestered into depleted gas fields under the sea in Liverpool Bay, as part of the HyNet cluster infrastructure in the North West of England. Essar also entered the power and telecom sectors as and when they were opened up to private participation. Gifts and Donations to: ASU Foundation Attn:Financial Services P.O. Currently, he heads the country operations of Afrocentric Group in Mauritius and is the Managing Director of Medscheme International. Sale included 20 MTPA refinery, retail, port and related infrastructure. The Stanlow project, named Fulcrum NorthPoint, will create 800 direct and indirect jobs during the design, build and commissioning process and over 100 permanent jobs during its operation. Stanlow, 30th November 2022: Essar Oil UK Limited (Essar or the Company) today announces its plan to build a 360 million major new carbon capture plant at its Stanlow refinery in line with its ambition to become a leading low carbon refinery by 2030. 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 wanted to buy out Hutchisons stake and tied up a line of credit of over USD 11 billion. Andrew Wright is the Managing Director, Legal, at Essar Capital. Copyright 2023 Essar. 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. Strategic investments in setting up world-class facilities in Steel, Power, Ports, Oil and Gas. 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. Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk, Original reporting and incisive analysis, direct from the Guardian every morning. Essar Site All of its portfolio companies share the Funds ESG centric value system, reflecting the philosophy of placing people before profit. Prashant holds key positions on several prestigious regulatory and professional boards. Contact us | Essar Oil Uk 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. His strength lies in leading new business development opportunities and conducting preliminary due diligence and analysis of emergent companies and partners. What started out with an initial investment of USD 800 million had reached a valuation of USD18.8 billion in just six years. 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. He was the Chief Executive Officer and Board Member at Essar Oil UK Limited. Essar again grabbed the opportunity and went on to become Indias largest rig operator in the private sector. 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. The green energy projects will include an investment of $1.2 billion in green ammonia manufacturing in India. Regular ferry services connect Stanlow from Liverpool and Holyhead to Ireland, Isle of Man, Northern Ireland and northern Spain. In order to improve the efficiency, Essar Steel bought Stemcors 51 percent stake in HyGrade Pellets Limited, the pellet making venture of Essar. Stanlow, 15th February, 2021. Our sights are firmly set on helping to drive the UK's decarbonisation strategy. The joint venture company then went about consolidating operations and acquiring various telecom circles. In addition to outside contracts, it executed all of Essars internal projects. 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. He also ensures the successful delivery of the organisations corporate and business plans and desired outcomes. He has held several leadership positions at Adani Group, Larson & Toubro Ltd, Binani Industries Ltd. amongst others. Essar Oil UK and Fulcrum BioEnergy reveal SAF plant plans The project was funded by Indian financial institutions and the ECB. Around this time, Bombay High had just started producing oil, which needed to be transported onshore. The 1980s: Supporting Indias nascent exploration sector. 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. Essar launches EET to invest US$3.6 billion in energy transition in the He has been a key member of several industry committees like Confederation of Indian Industries, Federation of Indian Commerce Industries, The Associated Chamber of Commerce & Industry of India and SUPERBRANDS for several years. Mr Sogani, who was the Group CFO of Jindal Steel & Power Limited, has over 25 years of experience specialising in areas of business and financial management with special focus on strategy, M&A, business/corporate development, business restructuring, corporate finance, capital markets, investor relationship, governance and operations. Vessel handling, product discharge, processing, blending and more, Connectivity Solutions The aim was to build a diverse fleet that could help hedge any downturns in the business. 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. . All Rights Reserved. Plant owner. Maharashtra, India, Copyright 2021 All rights reserved When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. 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 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. 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 . Anshuman Ruia is known for his financial expertise and project execution skills. By continuing to use our website, you agree to our Privacy Policy Accept, Dedicated marine import capability to tankage. Further, the company has now returned to Ebitda positive [earnings before interest, taxes, depreciation, and amortisation] and is therefore in a much stronger position to weather the continued challenge presented by the pandemic, it said. Rakesh Kankanala is the Managing Director, Managing Director, M&A, Infrastructure, of Essar Capital. Contact Us | School of Social Transformation - Arizona State University Mr Rajiv Gujjalu serves as Director Essar Global Fund Limited (EGFL). He has also advised boards and management on major transactions in 34 countries. 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. 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. 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). Fulcrum NorthPoint | Fulcrum BioEnergy Essar Energy, which owns the Stanlow. At Hazira, a deep draft berth and shipping channel was constructed to enhance the cargo handling capacity by bringing larger vessels alongside the berth. Managing Director, Finance, Metals & Mining. 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. Work also started on expanding capacity from 2.4 MTPA to 4.6 MTPA through brownfield expansion, which requires far less capital than similar greenfield projects The cost of this project was USD 2.64 billion. In the second quarter, a devastating cyclone hit the western coast of India damaging several structures in the refinery site. Most Recent Shipment: 04/07/2022 (Database Updated . 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. He is responsible to advise and represent the company for all the legal matters concerning the Energy sector investments and portfolio businesses. ESSAR OIL (UK) LIMITED - Find and update company information Retrieved 30 March 2012. Essar Oil UK to build 360 million carbon capture facility to deliver 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. B.C. Within 18 months after work resumed, Essar began commissioning the refinery in phases. 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. He is responsible for investigation, analysis and assessment of risk, and accordingly design and implement strategies and processes which mitigate these threats. In 2012, he was awarded an excellence award for his contribution to renewable energy and sustainability by the Energy and Environment Foundation. It monitors and manages the entire portfolio of investments owned by EGFL. 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. 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). He has led natural resources sector businesses for major investment banks globally. She has earlier worked with Cipla as Head HR International Business, and has also volunteered with the Akanksha Foundation. Essar is to make a 1.98bn investment at its Stanlow refinery as it continues its low carbon energy transformation / Picture: Essar Group Prashant Ruia, director of Essar Capital , said: "The launch of EET is a major milestone in Essar's long-standing commitment to put the UK at the forefront of low carbon energy. 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. He was chairman and chief executive of J&K Bank for five years. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. He brings with him 39 years of experience, and has extensive experience in the renewable energy sector. By 2030, Vertex expects to deliver nearly 4GW of low carbon hydrogen, equivalent to c.40% of the UK Governments national target. 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. Dhanpat Nahata is the General Partner, Strategy and Risk, at Essar Capital. When commercial production began in 1996, this had fallen to USD 380 per tonne. Essar Logistics took care of the movement of cargo, generated by Essar Steel and Essar Oil, by road. Fulcrum BioEnergy, Limited is a wholly owned subsidiary of Fulcrum BioEnergy, Inc., a pioneer in the development of projects to convert everyday household and commercial waste into low-carbon aviation fuels and other transportation fuels. Correspondence address The Administration Building, 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB . As a result, while most shipping companies in India were making losses in the 80s, Essar was reaping profits. 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. Fears for future of Stanlow oil refinery amid urgent financing talks 4900 Hopyard Road Sustainable aviation fuel plant set for take off at Stanlow - Essar Tempe, Arizona white page directory listings include full name, phone number and address. 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. 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.
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