Essar to invest $3.6 billion in energy transition in UK, India
The Essar group on Monday announced a USD 3.6 billion investment in low carbon energy transition projects in the UK and India including the production of green hydrogen and ammonia over the next five years, as it looks at a new phase of growth.
Essar Group, invested in energy, metals and mining, infrastructure and technology sectors, announced “the formation of Essar Energy Transition (EET) to drive the creation of the UK’s leading energy transition hub in North West England.”
“EET plans to invest a total of USD 3.6 billion in developing a range of low carbon energy transition projects over the next five years, of which USD 2.4 billion will be invested across its site at Stanlow, between Liverpool and Manchester and USD 1.2 billion in India,” the company said in a statement.
