Essar eyes hydrogen economy with GBP 750 million hub in UK

14/01/2021 08:37 Renewable

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The group’s UK arm, Essar Oil, has tied up with Progressive Energy, an English company specialising in low-carbon energy projects, for setting up the hub at its Stanlow Refinery at Ellesmere Port in Chester

The Essar group is eyeing a pie of the emerging multi-billion-dollar green economy by setting up a ‘hydrogen hub’ in the UK at an investment of GBP 750 million (about a $1 billion) as the country decarbonises the economy in the post-Brexit era.

 

The group’s UK arm, Essar Oil, has tied up with Progressive Energy, an English company specialising in low-carbon energy projects, for setting up the hub at its Stanlow Refinery at Ellesmere Port in Chester.

 

Seen in the backdrop of the group’s $13-billion sale of its giant refinery in Gujarat to a consortium led by Russian major Rosneft in 2017, the hydrogen move makes it a first mover in an energy segment that is touted as the future of mobility solution.

 

A company statement said the hydrogen hub will help provide Essar Oil with low-carbon hydrogen to decarbonise its energy demand in addition to creating a hydrogen economy across northwest England and northeast Wales.

 

The hub will initially produce 3 terawatt-hours (TWh) of low carbon hydrogen each year, beginning 2025. This will be followed by another facility of 6 TWh to raise the total capacity to over 9 TWh of hydrogen per annum, or energy used for heating across the whole of Liverpool.

 

Natural gas and fuel gases from the refinery will be converted into low-carbon hydrogen, with carbon dioxide safely captured and stored offshore in sub-surface reservoirs in Liverpool Bay.

 

Follow-on capacity growth is planned to reach 80% of the UK government’s new target of 5 GW (gigawatt) of low-carbon hydrogen for power, transport, industry and homes by 2030.

 

The hydrogen production hub will deliver clean energy to industry in the HyNet ‘low-carbon cluster’ as well as to fuel buses, trains and freight transports, to heat our homes, and to generate electricity when the sun is not shining or the wind blowing, the statement said.

 

source:energy.economictimes.indiatimes.com

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