Synopsis
The company said that the project will provide Essar Oil UK low-carbon hydrogen to decarbonise its own energy demand and help create a hydrogen economy across North West England and North East Wales.
Getty Images
The UK’s first low carbon hydrogen hub will initially produce three terawatt-hours (TWh) of low carbon hydrogen each year from 2025.
Mumbai: Essar Oil UK, along with clean energy Progressive Energy, plans to jointly invest £750 million to set up two hydrogen production hubs at Essar’s Stanlow Refinery, the former which is controlled by billionaire brothers Sahshi Ruia and Ravi Ruia said in a statement on Wednesday.
Essar, which operates a downstream energy business in the UK, has joined hands with Progressive Energy, an industrial decarbonisation cluster, to produce low-carbon hydrogen at Essar’s Stanlow refine