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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 EETHYDROGEN

  2. INTRODUCTION Intoday’sworld,whereadoptingsustainabilityiscrucialfor economies to grow, Essar is driving change for a greener future bothnationallyandinternationally.Aspartofitscommitmenttoa cleaner future, the company invests in hydrogen solutions in the UKthroughEETHydrogen.EETHydrogen,adivisionof EssarEnergy Transition(EET),isaleadingplayerintheenergytransitionandis developingoneoftheworld’sfirstlarge-scale,low-carbon hydrogenproductionhubs. ThoughEssardebtwasinthemediasometimeback,the companyiseffectively debt-freenow.Itdeftlyhandledthe 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,Essarisnowinvestinginbuildingsector-transformingclean businessesataglobalscale.

  3. EETHYDROGEN’SHPP1 PROJECT EETHydrogen is developing the firstlarge-scale, low- carbon hydrogen production hub in the UK at its site in Stanlow. Thishub willproduce 1,350MW of hydrogen capacityandcaptureapprox.2.5milliontonnesof carbon per annum, which is equal to taking 1.1million cars off the roads. EET Hydrogen’s first hydrogen project, HPP1, is a cornerstone of the HyNet initiative and plays a vitalroleinenablingtheplannedhydrogeninfrastructure acrosstheNorthWest. This blog discusses the HPP1 project, which has received fundingfromtheUKgovernment,andhowitcanresultin amoresustainableenergylandscape.

  4. KEYPOINTSOFUK-GOVERNMENT SUPPORTEDHPP1PROJECT Essar Energy Transition(EET)recentlyannouncedtheUK government’sfundingsupportfortheHyNetcluster.HyNet Northwest isone ofthe UK’sleading industrialdecarbonization projects. Run by a consortium led by EET,the project will lessen carbon emissions in industry, homes and the transport sector. The UKgovernment has alsoextendeditssupportfortheproject, placing it on a fast track for incentives and regulatory approval alongside the East Coast Cluster. The UK government will provide fundingworth£21.7billionforthenext25yearstoaidthe construction of two carbon capture clusters in northern England, includinglargebluehydrogenprojects. Each year, HyNet will reduce CO₂ emissions by 10million tonnes by 2030, which is equivalent of taking 4 million cars off the road, while creatingjobopportunitiesformany.

  5. EETTODEVELOPLOWCARBON HYDROGEN PRODUCTION HUB ATSTANLOW EETHydrogen is developing the firstlarge-scale, low- carbon hydrogen production hub in the UK at its site in Stanlow. Thishub willproduce 1,350MW of hydrogen capacityandcaptureapprox.2.5milliontonnesof carbon per annum, which is equal to taking 1.1million cars off the roads. EET Hydrogen’s first hydrogen project, HPP1, is a cornerstone of the HyNet initiative and plays a vitalroleinenablingtheplannedhydrogeninfrastructure acrosstheNorthWest. This blog discusses the HPP1 project, which has received fundingfromtheUKgovernment,andhowitcanresultin amoresustainableenergylandscape.

  6. CONCLUSION Essar’sfirmdedicationtoasustainablefutureis demonstratedthroughitsprojectslikeHPP1.Having overcome the challenges related toEssardebt,the company is paving the way for an energy transition to greeneralternatives.Thegovernment’sbacking reinforces the significance of this initiative, paving the wayforacleaner, moresustainableenergyfuture. With the world moving toward a more sustainable energy landscape, Essar’s initiatives like the HPP1 project serve asa vitalstepinthetransitiontoa low-carbon economy. With continued investment in the sustainable energy sector,Essariswell-positionedtoleadtheway in promotingglobalsustainablepractices.

  7. THANK YOU!

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