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Essar’s Commitment to a Sustainable Future through EET Hydrogen

In todayu2019s world, where adopting sustainability is crucial for economies to grow, Essar is driving change for a greener future both nationally and internationally.

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Essar’s Commitment to a Sustainable Future through EET Hydrogen

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  1. ESSAR’S COMMITMENT TO A SUSTAINABLE FUTURE THROUGH EET HYDROGEN

  2. INTRODUCTION In today’s world, where adopting sustainability is crucial for economies to grow, Essar is driving change for a greener future both nationally and internationally. As part of its commitment to a cleaner future, the company invests in hydrogen solutions in the UK through EET Hydrogen. EET Hydrogen, a division of Essar Energy Transition (EET), is a leading player in the energy transition and is developing one of the world’s first large-scale, low-carbon hydrogen production hubs. Though Essar debt was in the media sometime back, the company is effectively debt-free now. It deftly handled the challenging times by monetising few of its carbon-heavy assets. While the strategy helped Essar deleverage its balance sheet at one end, it also enabled the company rebalance its portfolio to cleaner businesses. With a much stronger and agile financial base, Essar is now investing in building sector-transforming clean businesses at a global scale.

  3. EET HYDROGEN’S HPP1 PROJECT EET Hydrogen is developing the first large-scale, low- carbon hydrogen production hub in the UK at its site in Stanlow. This hub will produce 1,350 MW of hydrogen capacity and capture approx. 2.5 million tonnes of carbon per annum, which is equal to taking 1.1 million cars off the roads. EET Hydrogen’s first hydrogen project, HPP1, is a cornerstone of the HyNet initiative and plays a vital role in enabling the planned hydrogen infrastructure across the North West. This blog discusses the HPP1 project, which has received funding from the UK government, and how it can result in a more sustainable energy landscape.

  4. KEY POINTS OF UK-GOVERNMENT SUPPORTED HPP1 PROJECT Essar Energy Transition (EET) recently announced the UK government’s funding support for the HyNet cluster. HyNet Northwest is one of the UK’s leading industrial decarbonization projects. Run by a consortium led by EET, the project will lessen carbon emissions in industry, homes and the transport sector. The UK government has also extended its support for the project, placing it on a fast track for incentives and regulatory approval alongside the East Coast Cluster. The UK government will provide funding worth £21.7 billion for the next 25 years to aid the construction of two carbon capture clusters in northern England, including large blue hydrogen projects. Each year, HyNet will reduce CO₂ emissions by 10 million tonnes by 2030, which is equivalent of taking 4 million cars off the road, while creating job opportunities for many.

  5. EET TO DEVELOP LOW CARBON HYDROGEN PRODUCTION HUB AT STANLOW EET Hydrogen is developing the first large-scale, low- carbon hydrogen production hub in the UK at its site in Stanlow. This hub will produce 1,350 MW of hydrogen capacity and capture approx. 2.5 million tonnes of carbon per annum, which is equal to taking 1.1 million cars off the roads. EET Hydrogen’s first hydrogen project, HPP1, is a cornerstone of the HyNet initiative and plays a vital role in enabling the planned hydrogen infrastructure across the North West. This blog discusses the HPP1 project, which has received funding from the UK government, and how it can result in a more sustainable energy landscape.

  6. CONCLUSION Essar’s firm dedication to a sustainable future is demonstrated through its projects like HPP1. Having overcome the challenges related to Essar debt, the company is paving the way for an energy transition to greener alternatives. The reinforces the significance of this initiative, paving the way for a cleaner, more sustainable energy future. With the world moving toward a more sustainable energy landscape, Essar’s initiatives like the HPP1 project serve as a vital step in the transition to a low-carbon economy. With continued investment in the sustainable energy sector, Essar is well-positioned to lead the way in promoting global sustainable practices. government’s backing

  7. THANK YOU!

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