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He has overseen Essars BPO and Power businesses, Smiti is a self-driven business leader and a true entrepreneur at heart. Regular ferry services connect Stanlow from Liverpool and Holyhead to Ireland, Isle of Man, Northern Ireland and northern Spain. Until then, only foreign construction companies would undertake a project of this magnitude and complexity. Essar Oil UK bought the Stanlow refinery at Ellesmere Port from Shell in 2011. When Essar conceived the project, international steel prices were in the region of USD 450 per tonne. However, Swiss PTT wanted to shut shop as part of its strategy to exit all Asian operations. 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. 4900 Hopyard Road Essar Constructions grew its activities considerably over the years. 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. Essar teamed up with Brown & Root of USA in laying an under-sea pipeline from the offshore Bassein gas field to Hazira. This was not sufficient for the business to achieve and sustain long-term growth. With over 32 years of work experience in the technological sector, Alok leads all new capital investment recommendations to the companys board. 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). The site directly employs more than 900 people, with an additional 800 on-site contractors and a further 5,000 people working indirectly within the extended value chain, according to Essar Oil UK's website. Essar and the + device are registered trademarks of the Rising Groups Limited, an Essar Group company. He was chairman and chief executive of J&K Bank for five years. . Kent plc has been awarded a pre-FEED engineering contract to develop the facility that will take the CO2 emitted from one of Europes largest full-Residue Fluidised Catalytic Cracking units, located at the Stanlow refinery. Northampton Diesel 121.98 ppl, PU10 114.89 ppl. Essars Indian lenders refused to bail the company out. Essar Oil (UK) Limited 2021. Well do this through a combination of our unique geographical location, decades of experience and a passion for a greener, cleaner planet. It also enables the import of large parcels of diesel. Mumbai - 400034 Essar is investing over 1 billion into a range of energy efficiency, fuel-switching, and carbon capture initiatives, designed to decarbonise its production processes significantly by 2030 and put Essar at the forefront of the UKs shift to low carbon energy. All these projects helped transform Essar Constructions into a leading EPC contractor. He joined Burmah Shell in 1957, also known as Bharat Petroleum Corporation Ltd after it was nationalised, and retired from it as director marketing. 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. The combined cycle power plant was state-of-the-art and was capable of using multi fuel with technology from General Electric, Hanjung and Siemens. Essar has invested in a portfolio of world-class companies across sectors and geographies. B.C. He is respected for his project execution skills, financial expertise and people management capabilities. 2023 PeopleConnect, Inc. d/b/a Addresses.com. 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. What started out with an initial investment of USD 800 million had reached a valuation of USD18.8 billion in just six years. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking. 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. 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. Having started his career with HPCL, he worked with National Oil Nigeria, Reliance Industries Ltd., TotalFinaELF and Gulf Oil India. Tempe, AZ White Pages. Essar bought Stanlow in 2011 An oil giant has announced plans to invest 1.9bn in Stanlow oil refinery in Cheshire, including establishing a plant to supply industrial hydrogen. In addition to outside contracts, it executed all of Essars internal projects. By offering efficient low carbon logistics solutions to develop third party business we support diversification of the traditional refinery business and become a fundamental part of the UK drive to become carbon neutral. 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. Our ambition is to become a leading low carbon refinery. 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. Sale to Brookfield Asset Management Company, 10 MTPA integrated steel manufacturing complex. 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. Sr. Now, Essar is all set to team up with the new JV partner Vodafone to take growth to the next level. 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. Essar is already making rapid progress against its broader decarbonisation targets. He started his career with Escorts Limited where he worked and grew through various roles of operations and business development. Being one of the low-cost steel producers, Essar managed to make operating profits. He is responsible for investigation, analysis and assessment of risk, and accordingly design and implement strategies and processes which mitigate these threats. Having completed his law degree from the University of Leeds, United Kingdom, Andrew has over 25 years of rich experience. 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. Simultaneously, global steel prices started tumbling and reached a historic low of USD 180 per tonne. Thangapandian Srinivasalu currently serves as the Advisor for investments in the Energy sector at Essar Capital. The Late 1980s: Foray into core sector manufacturing. Essar Ports Limited The Fulcrum venture will complement Essar's wider plans to build a green energy industrial cluster at the Stanlow site. . 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. as panic buying hits forecourts across the country. All Rights Reserved. Many steel companies at that time went down under. Unite said it had informed the owner of the Ellesmere refinery, India's Essar Group, that its members . . Mumbai Essar Essar House 11, Keshavrao Khadye Marg Mahalaxmi Mumbai 400 034 Maharashtra, India Tel. Michelle Lewis, Corporate Affairs Director, Essar: michelle.lewis@essaroil.co.uk / 07805 854169, Peter Ogden, Powerscourt: essar@powerscourt-group.com / 07793 858 211. 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. His strength lies in leading new business development opportunities and conducting preliminary due diligence and analysis of emergent companies and partners. 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. Media contact. In order to lend stability to the Group, Essar planned to enter manufacturing. This has improved the quality of the ore and reduced the transportation cost. Essar then acquired licenses for Eastern UP, Rajasthan, Haryana and Punjab. Box 2260 Tempe, Arizona 85280-2260 To visit us on site: ASU Fulton Center 300 E. University Drive Tempe, AZ . In addition, Fulcrum NorthPoint was awarded a grant by the UK Government Department for Transport. 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. 11, K.K. Mr Rajiv Gujjalu serves as Director Essar Global Fund Limited (EGFL). 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. He Joined Essar in 1997 as COO in Essar Telecom and was the Executive Director of Essar Shipping Limited from 1998-2002. Last month Essar Oil UK announced its participation in the production of blue hydrogen under the HyNet project. The site was chosen due to its industrial nature, a skilled local workforce and existing refinery infrastructure, including a direct pipeline to Manchester Airport which can be used to transport the sustainable aviation fuel to aircraft. Essar became the first Indian company to operate in the waters of the Atlantic. [1] www.essaroil.co.uk/news/uks-first-refinery-based-hydrogen-furnace-arrives-at-essar/. He was the Chief Executive Officer and Board Member at Essar Oil UK Limited. He joined Essar in early 2000 and has played a key role on strategic investments of Essar in core economy and infrastructure sectors. Along with brother Ravi, Shashi Ruia laid the foundation of Essar and spearheaded its business strategy, diversification and growth. Strategic investments in setting up world-class facilities in Steel, Power, Ports, Oil and Gas. Ensuring your bulk liquid products reach their destinations with ease. Essar Energy, which owns the Stanlow. This debt was refinanced later when the government set up the Power Finance Corporation. A fleet of 13 onshore rigs and a semi-submersible rig were deployed with clients in India and abroad. 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. Name Address Address(maps) LinkedIn Alibaba AliExpress Global Sources Want to send an RFI or RFQ to this supplier? Srinivasan Vaidyanathan is the Operating Partner, Technology & Retail, at Essar Capital. The ambitious plan sets firm foundations to accelerate the UK's path to net zero while transforming the economy, boosting employment and delivering growth. An offering that prides itself in the highest levels of safety to protect our people, your people and the communities we operate in. 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. His academic research paper on Sustainability and Renewable Consumption Obligation has been presented at forums of international repute. Stanlow Diesel 121.87 ppl, PU10 114.81 ppl. 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. Essar Group is to invest $3.6bn developing low-carbon energy in the UK and India under the newly formed Essar Energy Transition (EET). Bespoke sustainable solutions to suit logistics and supply chain requirements. 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. The pipe laying division of the company was certified at ISO 9002. The sponge iron plant, initially set up with a capacity of 0.88 million tonne per annum (MTPA), was expanded to produce 1.32 MTPA. Badrinath is a seasoned legal professional with over 29 years of core experience in implementing legal policies for corporates in the manufacturing, oil & gas and services sectors. Firdose Coovadia is an Advisor, Metals & Mining, at Essar Capital. The company began its operations with the construction of an outer breakwater in Chennai port, an order worth Rs 2.5 crore. In 2005, when the vessel rates peaked, Essar sold its five Suezmax tankers at the price at which they were bought in 1994. Because of Essars experience in marine construction projects, the shipping business was a natural extension. Object reference not set to an instance of an object. With more than 50 years of experience, he guides Essar through transformations, manages operating functions and leads complex projects. Essar Site. He joined Essar as CEO Retail in the year 2010. . Later, it went on to buy a specialized pipe-laying barge to undertake this kind of activity. 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. Essar wanted to buy out Hutchisons stake and tied up a line of credit of over USD 11 billion. 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 Stanlow Terminals Limited Shashi Ruia began his career in the family business in 1965 under the guidance of his father, the late Nand Kishore Ruia. Within 18 months after work resumed, Essar began commissioning the refinery in phases. Contact Us. Top-lines crashed, while interest rates were at their highest ever (Prime Lending Rates had touched 17 percent). Mr Sogani helps manage Essar Capital investments in the portfolio companies of metals & mining sector. Sunil Jain is the Operating Partner for Energy transitions. A new value-centric growth strategy based on Entrepreneurship, Expertise and Experience along with a robust governance system and structure will deliver superior returns, sustainably. Essar saw a great opportunity and bought Indias first private tanker in 1976 for around USD 2 million. However, the recovery from the pandemic has been slower than predicted, the company said, adding that it hopes for a resolution soon. Anshuman Ruia is known for his financial expertise and project execution skills. Additionally, he is also a member of the India-Indonesia CEOs Forum. Your price for Delivered in supplies will be subject to delivery costs. 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. Kailash Daultani currently serves as the Managing Director, Treasury and Finance, at Essar Capital. After achieving success and recognition in India, the Company was now poised to venture overseas. Inside the Plant At a Glance. He has held key leadership positions at Jindal Steel & Power Ltd, Jet Airways, Essar and Dell international. . Also, the financial sanctions imposed on India subsequent to the Pokhran nuclear test in May 1998 ensured that Essar was banned from raising FCCBs. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address the issue: Increase capacity, move to value-added segments and bring down finance costs. Mr Viral Gathani is the Managing Director, Finance, Energy, at Essar Capital. Madhu Vuppuluri is the Operating Partner, Metals & Mining, Essar Capital. In 2012, he was awarded an excellence award for his contribution to renewable energy and sustainability by the Energy and Environment Foundation. So Essar set up steel manufacturing facilities at Hazira with the objective of gaining value addition. It that happened, the refinery would be likely to be taken on by the official receiver, to keep the refinery running. Prior to joining Essar, he was the Vice President and General Counsel at Hindustan Construction Company Ltd. When commercial production began in 1996, this had fallen to USD 380 per tonne. Essar Energy enters into agreement to buy Royal Dutch Shell's Stanlow refinery for US$350 million. 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. Our DNA is to invest with spirit of an entrepreneur, build assets with the passion of an owner and manage businesses with the discipline of a professional. Phone. He is a seasoned professional with over 27 years of experience, including 23 years in international investment banking & private equity. Viral has held key leadership positions at Vedanta Resources Plc, CIMB Securities/ Royal Bank of Scotland, Warburg Pincus, Citigroup, and Credit Suisse. Plant owner Essar is also investing in a . Earlier on he has worked with TCS in the beginning of his career. 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 UKs 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. Essar owned 33% stake in the consolidated entity. . She has earlier worked with Cipla as Head HR International Business, and has also volunteered with the Akanksha Foundation. : +91-22- 66601100 Fax: +91-22-66601809 Write to us : Mumbai Essar Equinox Business Park (Peninsula Techno Park), Off Bandra Kurla Complex, 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 steel generation capacity at the Hazira plant was raised from 2 MTPA to 2.4 MTPA through de-bottlenecking. Essar Oil UK is committed to helping drive the UK's decarbonisation strategy. It is also a major regional employer with over 900 staff, an additional 800 on site contractors and a further 5,000 people employed indirectly through the extended value chain. 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. Both these factors led to a stoppage of work at the refinery, The Mid-2000s: Resurrecting the Essar Oil Refinery. The project was funded by Indian financial institutions and the ECB. Sunil is also the President of Wind Independent Power Producers Association. India in those days had secondary steel makers who used imported scrap to produce steel. Tempe, Arizona white page directory listings include full name, phone number and address. Essar was founded in 1969 by his father, Shashi Ruia and uncle Ravi Ruia. 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. He would be responsible for advising and leading the company with regards all investments and opportunities in the metals & mining sector. A slew of projects in each of these businesses were initiated in the 1990s when the Indian economy was booming. Correspondence address The Administration Building, 5th Floor, Stanlow Manufacturing Complex, Ellesmere Port, Cheshire, CH65 4HB . 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 G. Ltd is the primary contact at E-Telequest, Inc. E-Telequest, Inc generates approximately USD 13,100,000.00 in revenue annually, and employs around 300 people at this location. 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. Essar Global Fund invests, builds and nurtures a portfolio of world-class companies through Essar Capital, its investment manager. Since early August, the company has increased its daily vehicle shifts from 52 to more than 70, and is aiming to increase deliveries to more than 80 by the end of October, it said. 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. 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. 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. There was an FCCB (Foreign Currency Convertible Bonds) component that needed to be raised abroad in the latter half of 1998. 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. Investing in an end-to-end logistics infrastructure. Low carbon hydrogen will be produced at the Stanlow Manufacturing Complex located in Ellesmere Port, Cheshire. Worse was to follow. 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. 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 brings with him 39 years of experience, and has extensive experience in the renewable energy sector. The construction of two blue hydrogen production hubs at Stanlow will attract 750 million pounds ($1 Billion) in total investment and support a hydrogen economy across North West England and North East Wales. Role Active Director Date of birth July 1961 Doaa AboulThomas AbbottSusan AdamsEmilio AbundioBorzu AfshariRay AdamsAnn Addington, Mesa, AZPhoenix, AZChandler, AZScottsdale, AZGilbert, AZ. 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. Essar Constructions executed pipe laying contracts for all the major oil companies in India, and drinking water pipelines in Gujarat, Tamilnadu and Rajasthan. It involved buying an asset against the securitisation of receivables. Essar Oil UK said Stanlow was operating as normal during the current fuel crisis, and supplying fuel to north-west petrol stations as normal, as panic buying hits forecourts across the country. 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. Follow on capacity growth is planned to reach 80% of the UK Governments new target of 5GW of low carbon hydrogen for power, transport, industry and homes by 2030. Our latest List Price, effective from 2nd March, for Ex Rack sales is as follows. He has held several senior management positions within the financial services industry over the past twenty-two years with experience in stockbroking, investment and treasury management, corporate and fund administration and insurance mainly in Mauritius and Canada. Essar House, Additionally, he has held leadership positions at IAA Healthcare, Metropolitan Insurance, CIM Global Business, CIM Asset Management, Ireland Blyth Limited and HSBC respectively. He has played an integral role in many landmark private equity transactions and has also managed many regional and global private equity funds. Stanlow, 25 th May 2021: A new project that forms part of Essar's plans to decarbonise the Stanlow Refinery in North West England has secured a 7.2m grant from the Industrial Energy Transformation Fund. Essar Global Fund Limited (EGFL), set up in 2005, invests in building and nurturing assets, and creating value in the core sectors of Energy, Infrastructure & Logistics, Metals & Mining and Technology & Retail. Kingsbury Diesel 121.92 ppl, PU10 114.84 ppl. Since Essar did not have prior experience in this industry, it roped in Swiss PTT as a joint venture partner. 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 . At the same time, the 8 MTPA iron ore beneficiation plant at Bailadila and the 267-km slurry pipeline were completed. At Stanlow Terminals, we pride ourselves on being flexible to our customers needs, with a market leading storage offering. Stanlow Oil refinery at Ellesmere Port in northwest England Why you can trust Sky News The owner of the vast Stanlow oil refinery in north-west England is in urgent talks about its future amid concern that it could be nearing collapse. All companies under the TTP have been given until January 2022 to meet their commitments. He has worked as an Economic Advisor, and the principal economic policy maker at the state level for seven years. Sanjay Palve is the Sr. The takeover of SCGL has enabled Essar to widen its product base and cater to a larger segment of industries. She has more than 23 years of experience in Human Resources, having worked across industries like Manufacturing, Pharma, IT and Retail. A general view of Essar Oil UK's Stanlow oil refinery near Ellesmere Port, Britain, September 27, 2021. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. Ellesmere Port, Cheshire, 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. However, Essars chosen policy was to get into areas of import substitution, high technology and national importance. Such emission reductions are approximately 70% and have the future potential to be fully carbon neutral. 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 also reentered the contract drilling services business after a hiatus of three years. Not only is it the right environmental thing to do, it will future proof the critical Stanlow refinery for the long term, protecting jobs and industry, while also placing Stanlow at the very centre of the UKs energy transition..

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