Essar Energy Transition’s Ambitious Green Vision

Exciting news is brewing in the heart of the UK! **Essar Energy Transition (EET)** is set to transform the **Stanlow facility** into the world’s very first decarbonized green refinery. This groundbreaking initiative aims to harness **blue hydrogen** to power its heating and energy needs, as revealed by **Essar Capital Director Prashant Ruia** on Tuesday.

HyNet Project: A Revolutionary Step Forward

The innovative **HyNet project** has recently secured a substantial investment of **$650 million** in financing. During the **FT’s Energy Transition Summit India**, Ruia shared that in its first phase, the project will generate **350 megawatts (MW)** of blue hydrogen, with a boosted capacity of **1 gigawatt (GW)** slated for the second phase.

• Also read: UK Govt backs EET’s green hydrogen project

A Bold Commitment to Decarbonization

Ruia emphasized the significance of this initiative, saying, “We are committed to making **Stanlow** the world’s first decarbonized green refinery. Our goal is to cut down **95%** of the carbon dioxide emissions generated during the refining of crude oil into fuels like petrol and diesel.”

With a whopping **$1.2 billion** investment over the next five years, **EET Fuels** strives to eliminate 95% of its emissions by 2030. This ambitious plan focuses on enhancing energy efficiency, employing carbon capture technology, and switching fuels, which is expected to contribute to a **12.5% reduction** in the overall carbon emissions of the **North West** region.

Blue Hydrogen: The Game Changer

The integration of blue hydrogen in the refining process could lead to the elimination of **up to 2.5 million tonnes of CO2**, which is akin to removing **1.1 million cars** from the highways. Ruia proudly stated, “This will mark the first global usage of hydrogen for heating and power in a refinery.”

Government Support for Green Initiatives

Just last week, the UK government unveiled a monumental funding package of **£21.7 billion** over the next 25 years to facilitate the construction of two key carbon capture clusters in **northern England**. This initiative will support the large-scale blue hydrogen projects at the **HyNet hub** in **Merseyside** and the **East Coast Cluster hubs** in **Teesside**. The plan aims to securely store more than **8.5 million tonnes of carbon dioxide** annually beneath the **Irish Sea** and **North Sea**.

As the **HyNet project** takes shape, **EET** is leading the charge toward a sustainable future!

• Also read: EET Fuels secure $650 million in financing facilities