Mumbai: Essar Oil’s UK arm Vertex Hydrogen on Monday announced its plan to switch to a new brand identity, EET Hydrogen, as it looks to become a major pillar in the group’s energy transition.
This change is a natural progression in the development of the company from an early-stage idea into the leading hydrogen production project in the UK, a company statement said.
“Vertex Hydrogen is announcing that it is changing its brand to EET Hydrogen and that it intends to move from being a subsidiary of Essar Oil UK (EOUK) to a sister company of EOUK and become a standalone pillar of the Essar Energy Transition (EET) portfolio,” it stated.
EET Hydrogen will provide a platform for growth to deliver around 4GW of low-carbon hydrogen by 2030, around 40 percent of the UK Government’s national target.
This hydrogen will enable businesses to switch from fossil fuels to low-carbon energy, securing and growing vital industries and jobs and unlocking billions of pounds of investment.
India-based Essar Group founded Vertex Hydrogen Ltd (VHL) with Progressive Energy Ltd (PEL) in January 2022 as an operating subsidiary with EOUK holding a 90 percent stake. VHL was specifically focused on developing low-carbon hydrogen production plants at EOUK’s Stanlow site.
Meanwhile, EET Hydrogen has commenced Front End Engineering Design (FEED) for its HPP2 plant which has a capacity of up to 1,000MW, enough to power the city of Liverpool, and nearly three times larger than the HPP1 plant (350MW capacity).
HPP2 will be the largest low-carbon hydrogen plant in the UK and one of the largest in the world, to produce some 230,000 tons of low-carbon hydrogen every year for local industrial and power generation customers.
By 2030, EET Hydrogen expects to deliver nearly 4GW of low-carbon hydrogen – 40% of the UK Government’s target. The organization is investing an expected £1 billion in the UK’s largest industrial region (the North-West) to enable businesses to switch from fossil fuels to low-carbon energy, helping to secure and grow vital industries and jobs and unlocking billions of pounds of related investment.
An integral part of HyNet, one of two UK Government’s Track 1 clusters for industrial decarbonization, EET Hydrogen’s HPP1 plant was selected to progress as one of two initial large-scale low-carbon hydrogen production plants.
(VP)