Essar Energy Transition's £3bn Investment in Blue Hydrogen Hub at Thornton Science Park
Key Ideas
- Essar Energy Transition acquires Thornton Science Park, adjacent to Stanlow Oil Refinery, for a £3bn investment in a 'low carbon' hydrogen production hub.
- The hub will focus on producing 'blue hydrogen' by capturing and storing CO2 emissions from natural gas burning, part of the wider HyNet hydrogen project.
- Thornton Science Park will serve as the UK headquarters for EET's transition to low carbon refinery, large scale hydrogen production hub, and Europe's first hydrogen-fueled combined heat and power plant.
- EET aims to lead by example in achieving climate change goals, enhancing energy security, and strengthening the UK's manufacturing base for fuels.
Essar Energy Transition, a subsidiary of Essar, has acquired Thornton Science Park, a 66-acre site next to the Stanlow Oil Refinery in Ellesmere Port, United Kingdom. This acquisition is part of Essar's £3bn investment into a 'low carbon' hydrogen production hub. The hub will focus on producing 'blue hydrogen,' a process where hydrogen is produced by burning natural gas and capturing CO2 emissions for storage rather than release. The captured CO2 will be transported via a pipeline to depleted gas fields under Liverpool Bay for indefinite storage, as part of the wider HyNet hydrogen project awaiting final government backing. Thornton Science Park will serve as the UK headquarters for Essar Energy Transition, encompassing various entities like EET Fuels, EET Hydrogen, EET Hydrogen Power, and Stanlow Terminals. Essar aims to lead in energy transition by developing Europe's leading integrated energy transition hub, promoting low carbon refinery, large scale hydrogen production, and hydrogen-fueled power plants. Deepak Maheshwari, CEO of EET Fuels, expressed the company's commitment to the UK's climate change goals, energy security, and maintaining a robust manufacturing base for fuels.