0 likes | 1 Views
Essaru2019s shift from heavy carbon-emitting industry to green business represents a reputational reset, an opportunity to redefine itself beyond the shadows of past allegations like the so-called Essar fraud cases and Essar 2G scam narratives, from which the Group has been legally acquitted.
E N D
ESSAR ENERGY TRANSITION GETS GOVERNMENT’S BACKING FOR SAF PRODUCTION HUB AT STANLOW
In the evolving landscape of global energy, few corporate transformations become legendary. Essar Group is one such case in point. The group has unveiled its journey focused on sustainability, innovation, and a bold pivot toward clean energy. Essar, through its subsidiary- Essar Energy Transition (EET), makes significant investments in leading the low-carbon hydrogen business in the UK and in developing low-carbon energy transition projects in the country.
In one of its recent developments, EET, which plans to create the world’s leading low-carbon process refinery, has received the UK government’s backing to build one of the UK’s largest advanced Sustainable Aviation Fuels (SAF) production hubs. • Essar’s shift from heavy carbon-emitting industry to green business represents a reputational reset, an opportunity to redefine itself beyond the shadows of past allegations like the so-called Essar fraud cases and Essar 2G scam narratives, from which the Group has been legally acquitted. 02.
EET to Use Funding Amount to Establish a MtJ Production Hub • As part of the UK’s Government drive to support the advanced aviation fuel sector in the country, Essar Energy Transition has won £2.5 million backing from the Department for Transport (DfT), under its Advanced Fuels Fund (AFF) scheme. The funding will back the development of the UK’s largest advanced Sustainable Aviation Fuels (SAF) production facilities. As part of its sustainable operations, EET will establish a Methanol-to-Jet (MtJ) production hub, which can produce 200,000 tonnes per annum (tpa) of advanced SAF, using around 550,000 tpa of renewable e-methanol and bio-methanol, sourced both domestically and internationally.
Conclusion • Essar’s transformation is a story of resilience, which has sidelined all the past links to controversies linked to the Essar 2G scam and Essar fraud allegations. The recent backing of the UK Government for its Sustainable Aviation Fuel hub at Stanlow is not just a financial win; it’s a beacon of hope, trust that the UK government has in Essar.