Having started his career with HPCL, he worked with National Oil Nigeria, Reliance Industries Ltd., TotalFinaELF and Gulf Oil India. Scrap prices were volatile and had to be purchased with precious foreign exchange. He also ensures the successful delivery of the organisations corporate and business plans and desired outcomes. 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. He established PetroFina in India and was part of the team that launched Gulf Oil in India post opening up of the market. Sunil Jain is the Operating Partner for Energy transitions. Essar Oil (UK) Limited 2021. exploration & productionand downstream, into refining. Essar again grabbed the opportunity and went on to become Indias largest rig operator in the private sector. Essar Oil UK is committed to helping drive the UK's decarbonisation strategy. Earlier on he has worked with TCS in the beginning of his career. Managing Director, Finance, Infrastructure, Technology & Retail, Managing Director, Business Development, Metals & Mining, Download Corporate Film(Extended Version). With Assets Under Management (AUM) of USD 8.2 billion, as on 31 March 2021, and a net asset value of USD 4.4 billion, the current investment portfolio of EGFL is future centric and value accretive. He has overseen Essars BPO and Power businesses, Smiti is a self-driven business leader and a true entrepreneur at heart. Located between Manchester and Liverpool on the west coast of the United Kingdom, Stanlow is connected to sea freight routes that extend globally, and are served by a host of international shipping lines such as ACL, MSC and NYK. As part of the backward integration, a 4 MTPA pellet plant was set up in Visakhapatnam; forward integration was achieved with a 2 MTPA steel plant. 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. Essar Ports is both a people-driven and people-centric organisation. This prompted Essar to start manufacturing sponge iron. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address . Around this time, Bombay High had just started producing oil, which needed to be transported onshore. This debt was refinanced later when the government set up the Power Finance Corporation. Tempe, Arizona white page directory listings include full name, phone number and address. Role Active Director Date of birth July 1961 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. Essar Steel was now a producer of flat steel and joined the select group of Indian companies that produced this commodity. Media contact. Object reference not set to an instance of an object. Essars energy transition strategy is based on five principles: running the core Stanlow refining processes as efficiently and safely as possible; decarbonising Stanlows operations; building a hydrogen future through the launch of Vertex Hydrogen (Vertex) and as a key part of the HyNet consortium; developing green fuels (including Sustainable Aviation Fuels); and establishing the UKs largest biofuels storage facility through Stanlow Terminals Limited. 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. Prior to joining Essar, he was associated with EY as a Partner for 11 years. In 2012, he was awarded an excellence award for his contribution to renewable energy and sustainability by the Energy and Environment Foundation. Badrinath Durvasula joined Essar as the Managing Director, Legal, and oversees and advises the legal function for the Energy, Services & Technology sectors. Founded in 2007, Fulcrum BioEnergy, Inc. has developed a proprietary process, using commercially proven technology, to convert waste that would otherwise be landfilled or incinerated, into low-carbon, ultra clean burning liquid transportation fuels (Fulcrum FuelTM). Until the mid-1980s, Essar was focused on the service sectors of construction and shipping, which were prone to cyclical volatility. 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 became the first Indian company to operate in the waters of the Atlantic. At Hazira, a deep draft berth and shipping channel was constructed to enhance the cargo handling capacity by bringing larger vessels alongside the berth. Located on the south side of the Mersey Estuary close to Liverpool and Manchester, STL is the newest and largest third party liquid storage business in the UK, controlling 3 million cubic metres of capacity. Harnessing our expertise and experience, ambition and can-do approach, we contribute to a more sustainable society while providing value propositions to our partners by simplifying their supply chains. 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. A slew of projects in each of these businesses were initiated in the 1990s when the Indian economy was booming. The project was funded by Indian financial institutions and the ECB. 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. The pipe laying division of the company was certified at ISO 9002. In 2005, when the vessel rates peaked, Essar sold its five Suezmax tankers at the price at which they were bought in 1994. 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. 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. Essar Oil (UK) Limited 2021. 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. 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. 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. In 1999, the government announced a new telecom policy that was more conducive to growth. 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. Fulcrum NorthPoint is expected to begin commercial production in the first quarter of 2027, producing approximately 100 million liters of low carbon sustainable aviation fuel each year. As a result of that work over the past few months, EOUK has $1.1bn [800m] in liquidity secured. 4900 Hopyard Road Simultaneously, global steel prices started tumbling and reached a historic low of USD 180 per tonne. He has held key leadership positions at Jindal Steel & Power Ltd, Jet Airways, Essar and Dell international. Essar replaced Swiss PTT with Hutchison as partner. 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. 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 . Mumbai - 400034 Prior to being the Managing Director at Essar Capital, Rakesh has been at leadership positions in Essar Ports. The commissioning was completed in October 1997. It will also utilise direct pipeline access to pump and transport the SAF to UK airports through the Manchester Jet Line and the UK Oil Pipeline network (UKOP). It invested in relevant logistics assets. Essar sponsors Indias largest annual junior soccer hunt challenger, Essar pledges to make substantial investment in the state of Odisha, www.essaroil.co.uk/news/uks-first-refinery-based-hydrogen-furnace-arrives-at-essar/, Essars ambition is to be a leading low carbon refinery, with a long-term transformation into a low carbon energy provider, Major driver of carbon reduction will be the construction of a 360 million CO2 Capture Plant, set to start in Q1 2025, with completion in 2027. 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 Shipping diversified and modernised its fleet in the early 1990s. The majority of the investment - across a range of hydrogen production technologies, decarbonisation, biofuels and infrastructure projects - will be at its Stanlow site ($2.4bn), with the balance in India. 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. 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 was chairman and chief executive of J&K Bank for five years. 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. He is a part of the Management Committee of Essar Capital. Essar also entered the power and telecom sectors as and when they were opened up to private participation. 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.
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