Essar Energy Transition to drive $3.6 billion in low carbon energy transition in UK and India

In the UK, Essar Group announced the formation of Essar Energy Transition to drive the creation of the UK’s leading energy transition hub in Northwest England. 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, between Liverpool and Manchester and $1.2 billion in India.

EET will include:

·      Essar Oil UK, the company’s refining and marketing business in North West England;

·      Vertex Hydrogen, which is developing 1 gigawatt (GW) of blue hydrogen for the UK market, with follow-on capacity set to reach 3.8GW;

·      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.