Essar Launches Essar Energy Transition, with a $3.6 billion investment plan - India Renewable Energy Consulting – Solar, Biomass, Wind, Cleantech
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Essar Launches Essar Energy Transition, with a $3.6 billion investment plan

Will invest $2.4 billion in the UK & $1.2 billion in India to develop a range of low carbon energy transition projects over the next five years in India and the UK.

Investments across a range of hydrogen production technologies, decarbonisation, biofuels (road and aviation), and infrastructure projects

The EET will include Essar Oil UK, the company’s refining and marketing business in North West England; Vertex Hydrogen, which is developing 1 gigawatt (GW) of blue hydrogen for the UK market, with follow-on capacity set to reach 3.8GW; 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.

That’s an interesting portfolio of decarbonization pathways.

Good luck to them!

Source: LiveMint – https://lnkd.in/gHK7Du-v 

See my LinkedIn post on this topic


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