- Essar Energy Transition invests $3 billion in decarbonization.
- The project includes a CO2 shipping import terminal at Tranmere Terminal.
- CO2 will be transported to Spirit Energy's Morecambe Net Zero carbon store.
- The initiative supports the UK's industrial decarbonization goals.
Project Overview
Essar Energy Transition's subsidiary, Stanlow Terminals Limited, has partnered with Spirit Energy and Progressive Energy Limited to explore a new carbon capture, storage, and shipping facility. The collaboration focuses on assessing the feasibility of a CO2 shipping import terminal at STL’s Tranmere Terminal and the Stanlow Manufacturing Complex.
CO2 Transportation
The partnership aims to evaluate the potential for transporting CO2 volumes from the new STL shipping import terminal to Spirit Energy’s Morecambe Net Zero carbon store in the East Irish Sea. This initiative is part of a broader vision to transform the Stanlow manufacturing complex into a decarbonized energy hub.
Investment and Goals
Essar Energy Transition is investing $3 billion into its decarbonization program, with the goal of becoming one of Europe’s leading low-carbon fuels producers. The project supports long-term sustainable jobs and industrial innovation in the region.
Industry Impact
The collaboration is a step towards achieving the UK's industrial decarbonization goals, providing a route to decarbonization for emitters across the country. It aims to protect existing jobs and boost economic growth by establishing the necessary infrastructure for CO2 capture, transport, and storage.
