Essar Group is embarking on a groundbreaking transformation by converting the Stanlow refinery in the UK into the world's first decarbonised green refinery. This initiative involves utilizing blue hydrogen to meet the energy needs of the facility, leading to a significant reduction of carbon emissions by 95%. Prashant Ruia unveiled the Essar Energy Transition's HyNet project at the Financial Times' Energy Transition Summit India, showcasing the plan to produce 350 megawatts of blue hydrogen initially and scaling up to 1 gigawatt in the future. Beyond environmental benefits, this move is also financially strategic for Essar Group as it helps in avoiding carbon tax liabilities. Furthermore, Essar's sustainable efforts are not limited to the UK, with projects like a green steel plant in Saudi Arabia and the development of eco-friendly transportation solutions through LNG and electric options. This transformation marks Essar Group's commitment to sustainability and innovation in the energy sector.