- $2.4 billion will be invested in the UK for hydrogen, ammonia, biofuels, and refinery decarbonization.
- $1.2 billion will be invested in India for green hydrogen and ammonia production.
- The UK investment aims to reduce 20% of industrial emissions in North West England.
- EET plans to complete these projects over the next five years.
Investment Overview
Essar Group has launched Essar Energy Transition (EET) with a total investment of $3.6 billion, focusing on low carbon energy projects. Of this, $2.4 billion will be allocated to the UK, specifically at the Stanlow site between Liverpool and Manchester, and $1.2 billion will be invested in India.
UK Projects
The UK investment will target blue and green hydrogen, ammonia, biofuels, and the decarbonization of the Stanlow refinery. These efforts aim to reduce approximately 20% of industrial emissions in North West England, contributing to the region becoming a leading post-carbon industrial cluster in Europe. The Stanlow refinery is expected to achieve a 75% reduction in carbon emissions by the end of the decade.
India Projects
In India, the $1.2 billion investment will focus on developing green hydrogen and green ammonia production. The produced ammonia will be shipped to the UK, Europe, and other global markets to meet the growing demand for green hydrogen. This aligns with India's National Green Hydrogen Mission, which aims to position the country as a global hub for green hydrogen production and exports.
Strategic Importance
EET's strategy is based on the increasing global significance of hydrogen and biofuels as future fuels. The UK benefits from an advanced regulatory framework supporting low carbon energy production, with a government target of achieving 10GW of hydrogen production by 2030. EET's investments are expected to support the reduction of around 3.5 million tonnes of carbon dioxide in North West England.
Timeline
These projects are planned to be developed over the next five years, positioning Essar as a key player in the global energy transition and supporting the UK's net zero ambitions.
