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Essar is Transitioning Energy for Tomorrow

Energy transition and decarbonisation are essential to reduce the impact of climate change and foster sustainable growth. The energy market is evolving with each passing day, as rapid innovation brings down costs and delivers on the promise of a clean energy future. The Paris Agreement, a significant international initiative ratified by 195 countries in 2015, is actively working towards a transition to clean energy and the restoration of the green environment.

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Essar is Transitioning Energy for Tomorrow

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  1. ESSAR IS TRANSITIONING ENERGY FOR TOMORROW

  2. INTRODUCTION Energy transition and decarbonisation are essential to reduce the impact of climate change and foster sustainable growth. The energy market is evolving with each passing day, as rapid innovation brings down costs and delivers on the promise of a clean energy future. The Paris Agreement, a significant international initiative ratified by 195 countries in 2015, is actively working towards a transition to clean energy and the restoration of the green environment. Energy transition involves decarbonizing the energy sector by minimizing or eliminating the dependence on carbon-rich energy sources. The transition towards clean energy resources is paramount to diminishing our reliance on fossil fuels, which significantly contribute to carbon emissions and climate change.

  3. ESSAR GROUP’S UNIQUE INITIATIVE FOR THE BETTERMENT OF THE SOCIETY Essar Group is positioning itself ahead of the curve to fulfill its sustainability goals by taking several steps towards industrial decarbonization and energy transition. The investment initiatives the company is taking will bring an end to the controversies surrounding Essar Insolvency. The group is transitioning towards carbon neutrality and investing heavily in renewable energy, hydrogen and LNG. The company has pledged to optimise and enhance its operations to reduce Scope 1, Scope 2, and Scope 3 emissions. Thus, investing in technology and innovation will fast-track its journey to Net Zero Carbon goals.

  4. ESSAR SUSTAINABLE INITIATIVES IN INDIA Hydrogen Plant in Gujarat: Essar is setting up a green hydrogen plant at Jamnagar, Gujarat at an investment of INR 30,000 crore. Essar will use 4.5 GW of renewable energy to split water molecules to produce hydrogen and oxygen. Hydrogen, the cleanest known energy source in the world, will be used to power vehicles, generate electricity, power the industry, and heat homes and businesses. This green hydrogen initiative is Essar’s part of a broader energy strategy. Essar Power is set to expand its 1,200 MW Salaya- DevBhoomi Dwarka thermal power plant by an additional 1,600 MW to cater to base-load energy demands. The group also aims to scale its renewable energy capacity to 8,000 MW in the next few years.

  5. ESSAR’S GLOBAL PRESENCE ESSAR ENERGY TRANSITION (EET) EET is the leading low-carbon hydrogen business in the UK and is investing USD 3 billion in developing several low-carbon energy transition projects in the next five years at its UK site (between Liverpool and Manchester). The move will support the reduction of around 3.5 million tonnes of carbon dioxide, around 20% of the total industrial emissions in North West England. EET INCLUDES All these investments play a crucial role in accelerating the UK’s low carbon transformation, supporting the UK government’s green energy superpower mission, and creating highly skilled employment opportunities that support the government’s economic growth mission. Essar’s initiatives reflect its commitment to a cleaner, greener future and represent a significant step toward sustainable energy practices in India and internationally.

  6. CONCLUSION The Essar Group drives the energy transition, renewable energy, and sustainable growth. Even when the media rumoured Essar insolvency, the group remained resolute, transitioning for better and cleaner ventures. With this zeal, the company is poised for more initiatives and partnerships that will lay the path for many others to follow, driving the future of energy and industry towards a cleaner, greener world. focusing on decarbonization,

  7. THANK YOU!

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