UK clears Essar’s $2.4 bn energy transition project helping carbon economy

Britain’s Department for Energy Security and Net Zero’s (DESNZ) has cleared the Indian Essar group’s Vertex Hydrogen project.

Essar Energy Transition (EET) plans to invest $3.6 billion to develop a range of low-carbon energy transition projects over the next five years in the UK and India. Of this investment, $2.4 billion will be for the Stanlow site in Ellesmere Port, between Liverpool and Manchester.

The announcement follows the UK government’s commitment to provide up to £20 billion ($25 bn) in funding for early deployment of carbon capture, usage and storage (CCUS) to help meet its climate commitments. The funding supports private investment and job creation in locations that include England’s northwest, Essar’s UK base in that country.