Essar To Invest $3.6 Billion In Energy Transition In UK, India

Essar Group, invested in energy, metals and mining, infrastructure and technology sectors, announced “the formation of Essar Energy Transition (EET) to drive the creation of the UK’s leading energy transition hub in North West England”.

The Essar group on Monday announced a $3.6 billion investment in low carbon energy transition projects in the UK and India including the production of green hydrogen and ammonia over the next five years, as it looks at a new phase of growth. Essar Group, invested in energy, metals and mining, infrastructure and technology sectors, 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 $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,” the company said in a statement. The projects will include 1 gigawatt of blue hydrogen project being pursued by Vertex Hydrogen in the UK, a 1 GW of green ammonia facility targeted at the UK and international markets, and developing 1 MT of low carbon biofuels. Vertex is building a hydrogen manufacturing unit at Essar’s Stanlow refinery complex in the UK. The joint venture, in which Essar Oil UK holds 90%, will produce 1 gigawatt (GW) of hydrogen per year from two units from 2026.

UK’s Progressive Energy holds the remaining 10 per cent in Vertex. Besides, EET will include Essar Oil UK, the company’s refining and marketing business in North West England and Vertex Hydrogen, which is developing 1 gigawatt (GW) of blue hydrogen for the UK market, with follow-on capacity set to reach 3.8 GW. It also includes 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.

Learn more: Outlook India News