Essar Group has repositioned itself for growth and resurgence by forming Essar Energy Transition (EET). EET will focus on hydrogen, decarbonization, new energy infrastructure, and biofuels, creating a fully integrated energy transition hub at Stanlow in the UK.
EET plans to invest a total of $3.6 billion in developing a range of low-carbon energy transition projects over the next five years, of which $2.4 billion will be invested across its site at Stanlow in the UK and $1.2 billion in India.
EET will include Essar’s operating entities such as Essar Oil UK, the company’s refining and marketing business in North West England; Vertex Hydrogen, which is developing 1 GW of blue hydrogen for the UK market, with follow-on capacity set to reach 3.8 GW; EET Future Energy, which is developing 1 GW of green ammonia in India, targeted at UK and international markets; Stanlow Terminals Ltd, which is developing enabling storage and pipeline infrastructure; and EET Biofuels, which is investing in developing 1 MT of low-carbon biofuels.
“The investments in the UK, across a range of hydrogen production technologies, decarbonization, biofuels (road and aviation), and infrastructure projects, will contribute to North West England quickly becoming one of the leading post-carbon industrial clusters in Europe. EET believes that these investments will support the reduction of around 3.5 million tonnes of carbon dioxide, about 20% of the total industrial emissions in North West England,” stated the company.
The Stanlow refinery in the UK will achieve a 75% reduction in carbon emissions before the end of this decade as part of EET’s decarbonization plans.
In India, EET will invest $1.2 billion in developing a cost-efficient global supply hub for low-carbon fuels, including green hydrogen and green ammonia. Ammonia will be shipped from India to the UK, Europe, and globally to meet the expanding market demand for green hydrogen, stated Essar.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.