By 2030, Vertex expects to deliver nearly 4GW of low carbon hydrogen, equivalent to c.40% of the UK Governments national target. His strength lies in leading new business development opportunities and conducting preliminary due diligence and analysis of emergent companies and partners. If you would like a quote for delivery . . In her last assignment as Chief People Officer Hometown & Ezone, Priya was responsible for driving a transformational HR agenda that focused on organisational culture, building a talent pipeline, and initiating & aligning all people practices to business achievement. The experience of contract drilling gave Essar an opportunity to understand the oil business better, and setting up the refinery was the logical thing to do. : +91-22- 66601100 Fax: +91-22-66601809 Write to us : Mumbai Essar Equinox Business Park (Peninsula Techno Park), Off Bandra Kurla Complex, This debt was refinanced later when the government set up the Power Finance Corporation. 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. Now, Essar is all set to team up with the new JV partner Vodafone to take growth to the next level. 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. Investing in an end-to-end logistics infrastructure. By 2006, all the circles were under one umbrellaHutchison Essar Limited. By this time, all of Essars businesses had grown significantly and the time had come for managing each business as an independent company. Within 18 months after work resumed, Essar began commissioning the refinery in phases. Srinivasan Vaidyanathan is the Operating Partner, Technology & Retail, at Essar Capital. A qualified chartered accountant, Kailash joined Essar in 2003 after working with Chaturvedi & Shah and Dewani & Co. Adithya Bhat, with over 27 years of experience in Governance, Risk and Compliance (GRC), is the Chief Risk Officer at Essar Capital. In this way, the share of value-added products increased from 35 percent to 70 percent of total production. The refinery plays a strategic role in the UK economy, supplying 16% of all road transport fuels. Until the mid-1980s, Essar was focused on the service sectors of construction and shipping, which were prone to cyclical volatility. Essar JV to build UK's largest hydrogen hub 2 min read . . Anshuman Ruia is known for his financial expertise and project execution skills. Top-lines crashed, while interest rates were at their highest ever (Prime Lending Rates had touched 17 percent). Andrew Wright is the Managing Director, Legal, at Essar Capital. This included an oil terminal at Vadinar with a capacity to receive 32 MTPA of crude, 14 MTPA product dispatch facilities through sea, crude storage facilities, and product dispatch facilities by road and rail. 4900 Hopyard Road In 2005, when the government came out with the unified licensing scheme, the JV started merging all the telecom circles. Contact information for Essar companies in India and worldwide . . Sale to Brookfield Asset Management Company, 10 MTPA integrated steel manufacturing complex. Essar wanted to buy out Hutchisons stake and tied up a line of credit of over USD 11 billion. Copyright 2023 Essar. Vessel handling, product discharge, processing, blending and more, Connectivity Solutions Shashi Ruia began his career in the family business in 1965 under the guidance of his father, the late Nand Kishore Ruia. Rahul Taneja is the Managing Director, Human Capital at Essar Capital. 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. Contact ; Transforming Logistics; New Offerings; Ports & Terminals. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. This arrangement was made for two principal reasons: One, Indian financial institutions were not in a position to lend for a longer term; two, raising foreign currency debt beyond five years was not permitted at that time. Kingsbury Diesel 121.92 ppl, PU10 114.84 ppl. With 18 years of experience, he has also served as the Senior Vice President, International Projects and Corporate Finance, with Essar Services. Jeff Ovens, Managing Director, UK & Europe Fulcrum, added: We are excited to be announcing this project, located within one of the UK's most important energy producing assets, which will help reduce the burden on landfills and industry's reliance on fossil fuels. She has earlier worked with Cipla as Head HR International Business, and has also volunteered with the Akanksha Foundation. Box 874308 Main phone: 480-965-7682 Fax: 480-965-9199 Undergraduate & Graduate Advising. For cheapest and greenest transportation of your products, Beyond Storage Ravi Ruia belongs to the generation of industrialists who have played a significant role in leading Indias industrial renaissance. Stanlow is a key strategic national asset, annually producing over 16% of the UK's road transport fuels, while playing an important part in Britain's petrochemical industry by providing key feedstocks. It owned 11 land rigs, one offshore rig and a drill ship. Rahul is a seasoned professional with more than 28 years of experience specialising in areas of recasting HR and business processes, right sizing and cost optimisation. 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). Hazira was also the land fall point for gas from the Bassein gas field in Bombay High. Unlike other fuel technologies currently being considered by industry, the use of SAF does not require changes to aircraft, engines, or airport infrastructure. 11, K.K. Sponge iron generation capacity was also increased to 5.5 MTPA. 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. After a fierce round of bidding that involved several corporations, Vodafone bought the Hutchison stake valued at USD 11.5 billion. Essar also reentered the contract drilling services business after a hiatus of three years. He joined Essar as CEO Retail in the year 2010. 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. 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. Your price for Delivered in supplies will be subject to delivery costs. Vikash Saraf is the non-executive director of Essar Capital. 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 Late 1980s: Foray into core sector manufacturing. 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. 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. Essar then acquired licenses for Eastern UP, Rajasthan, Haryana and Punjab. Role Active Director Date of birth July 1961 Managing Director, Finance, Infra, Tech & Retail, at Essar Capital. It also complements the announcement last month regarding a blue hydrogen development at Stanlow as part of the HyNet project. 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. 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. 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). 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. EGFL is now poised to transition its existing assets towards a greener economy and invest in businesses which will transform sector landscapes from carbon to a clean energy ecosystem. Located near Ellesmere Port in north west England, the Stanlow refinery is the second largest in the UK. Essar is investing to make our refinery at Stanlow, the UK's first low carbon refinery. With over 27 years of work experience in diverse industries ranging from Manufacturing (Metals, Mining & Power Generation) to Services sectors (Commercial Airline and Technology, inclusive of Business Process Outsourcing sectors), he provides strategic direction to the management of the Mesabi Portfolio. Additionally, he has held leadership positions at IAA Healthcare, Metropolitan Insurance, CIM Global Business, CIM Asset Management, Ireland Blyth Limited and HSBC respectively. Essar Group bets $3.6 billion on decarbonisation in India and UK Essar To Build UK'S First Refinery-based Hydrogen Furnace in 45 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 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. Not one to lag behind, Essar seized every opportunity that came its way. Having completed his law degree from the University of Leeds, United Kingdom, Andrew has over 25 years of rich experience. Essar to make 1.98bn energy transition investment | Zenoot Sr. 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. Essar became the first Indian company to operate in the waters of the Atlantic. As a core part of the HyNet cluster, Essar's Stanlow site already plays a prominent role in the UK's energy transition planning framework, following the selection of HyNet by the UK government in . An offering that prides itself in the highest levels of safety to protect our people, your people and the communities we operate in. Prashant has been an integral part of EGFLs operations and management since 1985 and a key driver of the Funds growth, diversification and value creation, both within India and internationally. When the power sector was opened up for private participation, Essar was one of the first companies to enter the fray. Essar Oil (UK) Limited 2021. Prashant is part of the second generation of the Ruia family that founded Essar.
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