Essar Energy Transition (EET) has welcomed the UK government's announcement of 21.7 billion pounds in funding over 25 years to support the construction of carbon capture clusters, including the HyNet project. This project involves the development of two blue hydrogen projects, the 350-megawatt Hydrogen Production Plant 1 (HPP1) and the 1-gigawatt Hydrogen Production Plant 2 (HPP2) at EET's Stanlow site. The aim is to produce low-carbon hydrogen and reduce emissions in the region. The HyNet project, which includes the HyNet hub in Merseyside and the East Coast Cluster hubs in Teesside, will store over 8.5 million tonnes of carbon dioxide annually under the Irish Sea and North Sea. EET's hydrogen hub at Stanlow is set to have a total capacity of 1,350 MW, capturing approximately 2.5 million tonnes of carbon per year. This initiative will facilitate the transition of regional industrial and power generation businesses from fossil fuels to low-carbon energy sources. The low-carbon hydrogen produced will be utilized locally by EET Fuels' Stanlow refinery and other major manufacturers in the region, fostering the creation of the first low-carbon refining operations, glass, and chemicals manufacturing sites globally. The project is expected to drive job creation, support growth in the North West, and unlock significant related investments. EET Hydrogen plans to develop the hydrogen hub in two phases, with construction set to commence in 2025 for HPP1, targeting an operational phase by 2028. The overall goal is to achieve a capacity of over 4,000 MW by 2030. The company anticipates that the project will have a positive impact on job creation, economic growth, and industry sustainability in the UK.