Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. Earlier on he has worked with TCS in the beginning of his career. Contact Us. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking. Essar Capital Limited (Essar Capital) is the investment manager of Essar Global Fund Limited (EGFL). . Work on the refinery was progressing as per schedule till the first quarter of 1998. Prior to Essar, he has worked with Archean Group as Group President, and with SIVA group as CEO for about 15 years. 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. Intelius reports cannot be used for background checks related to consumer credit, insurance, employment, housing or any other purpose prohibited under the FCRA. Unite said it had informed the owner of the Ellesmere refinery, India's Essar Group, that its members . 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. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. 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 This will be the first Fulcrum plant outside the United States. He has also advised boards and management on major transactions in 34 countries. Tripathi is the Vice Chairman, Exploration & Production at Essar Capital, and has over 36 years of experience across Operation & Maintenance of Pipelines, Project Management, Contracts Management, Customer Relationship Management, Marketing etc. As Fulcrum's first facility in the United Kingdom, NorthPoint will be located at the Essar Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. Essar Constructions executed pipe laying contracts for all the major oil companies in India, and drinking water pipelines in Gujarat, Tamilnadu and Rajasthan. With more than 50 years of experience, he guides Essar through transformations, manages operating functions and leads complex projects. He is responsible to advise and represent the company for all the legal matters concerning the Energy sector investments and portfolio businesses. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. 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. 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. Essar Energy, which owns the Stanlow oil refinery in Ellesmere Port, Cheshire, is negotiating with HM Revenue and Customs (HMRC) over a 223m VAT payment, delayed because of the pandemic. He is a part of the Management Committee of Essar Capital. Essar is already making rapid progress against its broader decarbonisation targets. Mr Viral Gathani is the Managing Director, Finance, Energy, at Essar Capital. 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. Prior to joining Essar, he has worked with Caf Coffee Day and UB Spirits. Ensuring your bulk liquid products reach their destinations with ease. In addition, SAF produced at the site offers a 90% reduction in particulates, which may benefit local air quality in and around airports. The green energy projects will include an investment of $1.2 billion in green ammonia manufacturing in India. Essar Logistics took care of the movement of cargo, generated by Essar Steel and Essar Oil, by road. In 2006, Hutchison, too, decided to exit India. Suite 220 When commercial production began in 1996, this had fallen to USD 380 per tonne. At Stanlow Terminals, we pride ourselves on being flexible to our customers needs, with a market leading storage offering. 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 promoters could foresee the demand, a vision that paid rich dividends. Essar Oil UK Ltd - Code Of Conduct.pdf document - PDF | 4.8MB, Essar Oil UK - Anti-Slavery and Human Trafficking Statement.pdf document - PDF | 85.6KB, Essar Gender Pay Gap 2021.pdf document - PDF | 1.2MB, Tax Strategy Policy.pdf document - PDF | 481.5KB, The Stanlow Terminals Road Terminal which has significant spare capacity which provides supply resilience for the region, A direct connection via the UK Oil Pipeline through to Kingsbury, Northampton and beyond towards London, A pipeline connection to the UKs busiest regional airport at Manchester, Six berths on the Manchester Ship Canal handling export parcels of up to 10,000 tonnes, 4.4 billion litres of diesel every year - enough to drive a car doing 40 mpg 4,000 times around the equator every day, 3billion litres of petrol a year enough to drive a car 20 million times around the world, 2billion litres of jet fuela year enough to fuel 17,000 jumbo jets flying from Manchester to Los Angeles, Stanlow is one of thelargest refineries in Europe covering an area the equivalent of 300 football pitches, The refinery processes up to 9million tonnes of crude every year - thats more than 20,000 litres per minute, Distribution of products from Stanlow is mainly via road and pipeline. Firdose has extensive experience in emerging markets, having been involved in advising governments, parastatals and companies in Africa, India, Europe and the Middle East. 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. Essar Oil (UK) Limited (Essar) is delighted to join forces with Fulcrum BioEnergy Limited (Fulcrum) and Essar's subsidiary company Stanlow Terminals Limited to create a new facility which will convert non-recyclable household waste into sustainable aviation fuel (SAF) for use by airlines operating at UK airports. 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. By this time, all of Essars businesses had grown significantly and the time had come for managing each business as an independent company. Phone. You may not use any information obtained from Intelius for any purpose covered by the FCRA. Copyright 2023 Essar. 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. The Fulcrum venture will complement Essar's wider plans to build a green energy industrial cluster at the Stanlow site. Dhanpat Nahata is the General Partner, Strategy and Risk, at Essar Capital. Mr Sogani helps manage Essar Capital investments in the portfolio companies of metals & mining sector. CH65 4BD, United Kingdom, UKs Largest The Stanlow refinery supplies about a sixth of the UKs road fuel. Top-lines crashed, while interest rates were at their highest ever (Prime Lending Rates had touched 17 percent). This will produce (in its initial phases) 1GW of hydrogen (the equivalent energy use of a large UK city like Liverpool) and capture some 1.8 million tonnes of carbon per annum. 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. 4900 Hopyard Road 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. Suite 220 Deepak Maheshwari, CEO of Essar Oil UK said: This new carbon capture plant is the single biggest initiative to decarbonise our processes and a core element to our hugely ambitious decarbonisation strategy. By 2006, all the circles were under one umbrellaHutchison Essar Limited. Because of Essars experience in marine construction projects, the shipping business was a natural extension. Not one to lag behind, Essar seized every opportunity that came its way. Six business areas in the core sectorConstruction, Shipping, Steel, Power, Oil & Gas, and Telecommunicationswere identified as growth drivers for the Group. Alok Gupta is the Operating Partner, Technology & Retail, at Essar Capital. 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. 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. Recently, he was also awarded Business Leader of the Year in the NBFC segment by ET Now. 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. Rewants global exposure, fresh perspectives and arc of activities has contributed to Essars strategy and operations in the mining, steel and retail sectors both in India and abroad. Since Essar did not have prior experience in this industry, it roped in Swiss PTT as a joint venture partner. Being one of the low-cost steel producers, Essar managed to make operating profits. Intelius does not provide consumer reports and is not a consumer reporting agency as defined by the FCRA. Stanlow has a highly efficient distribution capability for refined end products: Essar Oil UK remains the lowest cost supplier into the North West and is highly competitive in supplying adjacent markets. All Rights Reserved. He has held key leadership positions at YES Bank Ltd. and ICICI Bank Ltd. Contact information for Essar companies in India and worldwide . [1] www.essaroil.co.uk/news/uks-first-refinery-based-hydrogen-furnace-arrives-at-essar/. 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. School of Social Transformation. 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. Mumbai Essar Essar House 11, Keshavrao Khadye Marg Mahalaxmi Mumbai 400 034 Maharashtra, India Tel. A slew of projects in each of these businesses were initiated in the 1990s when the Indian economy was booming. Having started his career with HPCL, he worked with National Oil Nigeria, Reliance Industries Ltd., TotalFinaELF and Gulf Oil India. Doaa AboulThomas AbbottSusan AdamsEmilio AbundioBorzu AfshariRay AdamsAnn Addington, Mesa, AZPhoenix, AZChandler, AZScottsdale, AZGilbert, AZ. Essar has invested in a portfolio of world-class companies across sectors and geographies. However, Swiss PTT wanted to shut shop as part of its strategy to exit all Asian operations. It that happened, the refinery would be likely to be taken on by the official receiver, to keep the refinery running. It monitors and manages the entire portfolio of investments owned by EGFL. Similarly, Essar Bulk Terminal was set up to create bulk terminal facilities at Hazira and other ports.