Essar launches EET to drive UK’s transition hub

Essar Group announced the formation of Essar Energy Transition (EET) to drive the creation of the UK’s leading energy transition hub in North West England.
EET plans to invest a total of USD 3.6bn in developing a range of low-carbon energy transition projects.

EET will include (i) Essar Oil UK, the company’s refining and marketing business in North West England; (ii) Vertex Hydrogen, which is developing 1 gigawatt (GW) of blue hydrogen for the UK market, with follow-on capacity set to reach 3.8GW; (iii) EET Future Energy, which is developing 1 GW of green ammonia in India, targeted at UK and international markets; (iv) Stanlow Terminals Ltd, which is developing enabling storage and pipeline infrastructure; and (v) EET Biofuels, which is investing in developing 1 MT of low carbon biofuels.

EET’s investment programme will play a major role in accelerating the UK’s low-carbon transformation, supporting the government’s decarbonisation policy and creating highly skilled employment opportunities at the heart of the Northern Powerhouse economy.

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