Essar Energy Transition Acquires Thornton Science Park for Energy Transition Hub
Key Ideas
  • Essar Energy Transition acquires Thornton Science Park to create a leading energy transition hub in Europe, supporting the UK's 2050 net zero emissions target.
  • The acquisition aligns with EET's commitment to accelerate the UK's low carbon future, develop hydrogen production hubs, and enhance energy security.
  • EET plans to establish various energy-related entities at Thornton Science Park, including low carbon refinery, hydrogen production hubs, and hydrogen-fueled power plants.
Essar Energy Transition (EET) has acquired Thornton Science Park in Cheshire as part of its strategic plan to establish one of Europe's prominent energy transition hubs. The acquisition, aimed at supporting the UK's energy transition goals, will see Thornton Science Park serving as the UK headquarters for EET. This acquisition is in line with EET's commitment to advancing the country's low carbon future and contributing to the government's decarbonisation efforts. By acquiring Thornton Science Park, EET aims to develop a comprehensive energy transition hub, including transitioning Stanlow Manufacturing Complex into the UK's first low carbon refinery and establishing large-scale, low carbon hydrogen production hubs. Additionally, EET plans to develop Europe's first hydrogen-fueled combined heat and power plant at the site. The acquisition also includes Stanlow Terminals, which is involved in developing infrastructure for biofuels and new energies. Deepak Maheshwari, EET Fuels CEO, highlighted the significance of the acquisition in furthering EET's ambition to lead Europe's integrated energy transition hub. The move aims to support climate change goals, enhance energy security, and strengthen the UK's manufacturing base for fuels. This acquisition comes in the context of Essar Energy Transition's commitment to playing a pivotal role in the UK's energy transition and ensuring a sustainable future. The acquisition of Thornton Science Park complements the nearby Protos site, where a plastics-to-hydrogen scheme is being developed. Overall, Essar Energy Transition's acquisition of Thornton Science Park signifies a positive step towards advancing sustainable energy solutions and contributing to the UK's transition to a low carbon economy.
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