Essar Oil: Vertex Hydrogen to supply 1,000MW of hydrogen to decarbonize leading UK industries
Mumbai: Vertex Hydrogen, a joint venture between Essar Oil UK and Progressive Energy, has signed agreements to supply over 1,000MW of hydrogen to decarbonize the leading industries in the United Kingdom.
A leader in the energy transition, Vertex Hydrogen is developing the UK’s first large-scale, low-carbon hydrogen production hub at Essar’s site in Ellesmere Port, the heart of the HyNet North West cluster, according to a press release on Thursday.
Around 1,000 MW of energy powers a major city like Liverpool secures the entire initial hydrogen production capacity of Vertex and enables the vital hydrogen infrastructure investments in the region. This milestone reflects Vertex’s status as the largest and most advanced low-carbon hydrogen hub in the UK.
It will capture some 1.8 million tonnes of carbon dioxide per annum to be stored by the HyNet project to reduce more than 10 percent of the region’s industrial emissions – the equivalent of taking 750,000 cars off the roads.
The project will see over 2 billion pounds-sterling of direct investments in the hydrogen plant and associated regional hydrogen transport and storage infrastructure, securing and growing vital jobs in the region.
The hydrogen demand comes from global businesses operating in the region, who are looking to become the first low-carbon operations in a number of key sectors by switching their current high-carbon fuels to low-carbon hydrogen. These consumers are substantial direct and indirect contributors to the 340,000 people employed in manufacturing in the North West. It also includes innovators in the sustainable aviation fuels, glass, and cement industries.
Prashant Ruia, Director, Essar Group, said: “Securing over 1000MW of low carbon hydrogen demand from leading UK industrial sites and innovators is a vital step in delivering this world-class project. Essar continues to invest in an array of industry-leading projects from hydrogen production, biofuels, industrial decarbonization, and infrastructure leveraging our infrastructure, expertise, capital, and desire to be a world leader in decarbonization.”
(VP)
