Marg, Mahalaxmi, Mumbai - 400034 Maharashtra, India. Essars Indian lenders refused to bail the company out. Tempe, Arizona white page directory listings include full name, phone number and address. When commercial production began in 1996, this had fallen to USD 380 per tonne. His academic research paper on Sustainability and Renewable Consumption Obligation has been presented at forums of international repute. The 45 million furnace is the first of its kind in the UK, capable of running on a 100% hydrogen source and will replace three existing furnaces at Stanlow. He established PetroFina in India and was part of the team that launched Gulf Oil in India post opening up of the market. 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). Intelius does not provide consumer reports and is not a consumer reporting agency as defined by the FCRA. The project, which will see an investment of approximately 600m, will use Fulcrum's proven waste-to-fuel process, which is already being deployed at its pioneering facility outside of Reno, Nevada in the United States, where operations are due to begin later this year. There was an FCCB (Foreign Currency Convertible Bonds) component that needed to be raised abroad in the latter half of 1998. He is responsible for investigation, analysis and assessment of risk, and accordingly design and implement strategies and processes which mitigate these threats. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. Apollo in talks with Stanlow refinery owner amid dash for cash Along with brother Ravi, Shashi Ruia laid the foundation of Essar and spearheaded its business strategy, diversification and growth. Essar did not succumb to the pressure. Prior to being the Managing Director at Essar Capital, Rakesh has been at leadership positions in Essar Ports. Essar became the first Indian company to operate in the waters of the Atlantic. 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. The project has been selected by BEIS as a Phase-2 winner in the CCUS cluster sequencing process earlier this summer, and as such, is currently progressing through the due diligence stage. As a result, while most shipping companies in India were making losses in the 80s, Essar was reaping profits. 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. Located near Ellesmere Port in north west England, the Stanlow refinery is the second largest in the UK. Worse was to follow. 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. 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. Even during the downturn in the shipping industry, Essar Shipping registered profits. Mr Naushad Ansari is Managing Director, Business Development, at Essar Capital. 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. 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. Address. He has held key leadership positions at Jindal Steel & Power Ltd, Jet Airways, Essar and Dell international. Madhu Vuppuluri is the Operating Partner, Metals & Mining, Essar Capital. Contact us | Essar Oil Uk He is responsible to advise and represent the company for all the legal matters concerning the Energy sector investments and portfolio businesses. But the Sunday Times reported that the government was on alert in case Stanlow collapsed, and that it could go into insolvency if it could not raise more funds. Fulcrum BioEnergy | Fulcrum and Essar Oil Announce Plans for 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. 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. Essar Group bets $3.6 billion on decarbonisation in India and UK 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). In this business, too, Essar kept refinancing the debt to reduce finance costs. He has played an integral role in many landmark private equity transactions and has also managed many regional and global private equity funds. 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. . Because of Essars experience in marine construction projects, the shipping business was a natural extension. 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. The promoters could foresee the demand, a vision that paid rich dividends. A slew of projects in each of these businesses were initiated in the 1990s when the Indian economy was booming. Investing in an end-to-end logistics infrastructure. Raj Varma is an Advisor, at Essar Capital. 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 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. This led to financial sanctions being imposed on India and Indian companies no longer had access to foreign funds. Steel: The uncertainties of a cyclical business. Vertex Hydrogen - Building a low carbon future With over 15 years of experience in diverse fields including media & publishing, corporate communications. Essar braced itself for the oncoming challenge. He is on the Boards of World Steel Association, and the Metals & Mining and Energy industry Committee of the World Economic Forum. Regular ferry services connect Stanlow from Liverpool and Holyhead to Ireland, Isle of Man, Northern Ireland and northern Spain. Firdose Coovadia is an Advisor, Metals & Mining, at Essar Capital. 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. 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. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. 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. E-Telequest, Inc | Tempe, Arizona | Essar G. Ltd Essar Oil (UK) Limited is registered in England and Wales with company registration number 07071400 and registered office at 5th Floor, the Administration Building, Stanlow Complex, Ellesmere Port, Cheshire, CH65 4HB. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. Rakesh Kankanala is the Managing Director, Managing Director, M&A, Infrastructure, of Essar Capital. Since acquiring Stanlow in 2011, Essar has invested $1 billion in margin improvement and other efficiency initiatives to ensure the refinery remains competitive in a rapidly changing market. This was a time when the movement of petroleum products along the Indian coast was the monopoly of foreign-flag vessels, and no shipping companies in India would venture into this business as it was considered risky and involved the management of advanced technology. Suite 220 Essar Energy, which owns the Stanlow. 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. Try LightSource for your strategic sourcing. Ellesmere Port, Cheshire, Essar says it is in positive discussions with HMRC for a short extension to its time-to-pay (TTP) arrangement agreed earlier this year, having repaid 547m of the 770m originally deferred. 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. So Essar set up steel manufacturing facilities at Hazira with the objective of gaining value addition. By using SAF derived from residual domestic household and commercial waste, greenhouse gas emissions are reduced significantly on a lifecycle basis when compared to fuels produced from conventional crude oil. Also, the financial sanctions imposed on India subsequent to the Pokhran nuclear test in May 1998 ensured that Essar was banned from raising FCCBs. All these activities were consolidated under Essar Shipping and Logistics Limited. Contact Us | ASU Foundation : +91-22- 66601100 Fax: +91-22-66601809 Write to us : Mumbai Essar Equinox Business Park (Peninsula Techno Park), Off Bandra Kurla Complex, 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. In this way, the share of value-added products increased from 35 percent to 70 percent of total production. Being one of the low-cost steel producers, Essar managed to make operating profits. 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. 2023 PeopleConnect, Inc. d/b/a Addresses.com. He has also led digitalisation initiative in GRC space and was instrumental in running technology-based solution around enterprise risk, compliance risk, license management and document repository systems. Sanjay Palve is the Sr. 4900 Hopyard Road . The construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. All its Suezmax tankers were approved by oil majors, an endorsement that fetches a premium in freight.

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