EET Fuels Partners with Wood for Revolutionary Hydrogen Project at UK's Stanlow Refinery
Key Ideas
- EET Fuels has appointed Wood for front-end engineering design for a hydrogen project at the Stanlow oil refinery in the UK, aiming to become the country's first low carbon process refinery.
- The project involves investing USD 1.2 billion over the next five years to decarbonize operations, aiming for a 95% cut in emissions by 2030 through energy efficiency and fuel switching.
- Upon completion, the project will enable the refinery to run on 100% hydrogen or a fuel-gas mix, reducing emissions by 0.2 million tonnes per year and showcasing a strong commitment to sustainability.
- EET Fuels' CEO expressed confidence in moving towards final investment decision, highlighting the importance of hydrogen fuel switching in achieving their goal of reducing CO2 emissions by 95% by 2030.
EET Fuels, a part of Essar Group's Essar Energy Transition (EET), has partnered with Wood to conduct front-end engineering design (FEED) for a revolutionary hydrogen project at the Stanlow oil refinery in the UK. The project is a key component of EET's USD 3.6 billion worth of low carbon projects in the UK and India, with a focus on becoming the UK's first low carbon process refinery.
EET Fuels is investing USD 1.2 billion over the next five years to decarbonize its operations and is targeting a 95% reduction in emissions by 2030 through a combination of energy efficiency, carbon capture, and fuel switching initiatives. The project will involve integrating hydrogen provided by EET Hydrogen to enable fuel switching in assets like the hydrogen-ready crude distiller furnace.
Upon completion, the refinery will be able to run on 100% hydrogen or a fuel-gas mix, leading to a significant reduction of 0.2 million tonnes in emissions per year. This shift towards hydrogen is a significant step in achieving the company's ambitious emission reduction targets.
EET Fuels' CEO expressed optimism about the project, emphasizing the importance of hydrogen fuel switching in their journey towards becoming the world's first low carbon process refinery. Wood, the global consulting and engineering leader, expressed excitement about the collaboration, highlighting the critical role of this decarbonization project in the energy transition and UK's energy security.