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.

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Good luck to them!

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

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About Narasimhan Santhanam (Narsi)

Narsi, a Director at EAI, Co-founded one of India's first climate tech consulting firm in 2008.

Since then, he has assisted over 250 Indian and International firms, across many climate tech domain Solar, Bio-energy, Green hydrogen, E-Mobility, Green Chemicals.

Narsi works closely with senior and top management corporates and helps then devise strategy and go-to-market plans to benefit from the fast growing Indian Climate tech market.

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