Essar Oil UK welcomes government backing on HyNet North West
London/UNI: Essar Oil UK (EOUK) Wednesday confirmed that HyNet North West has been selected as a track-1 cluster for the mid-2020s and will be part of the negotiations under the United Kingdom's 'Carbon Capture, Usage and Storage Cluster Sequencing Process'.
HyNet North West consortium, which includes EOUK, Progressive Energy, ENI and Cadent Gas among others, is committed to delivering an integrated carbon capture and the first blue low carbon hydrogen production system.
Essar's Stanlow Manufacturing Complex will be the site for the proposed construction of two hydrogen production plants in partnership with Progressive Energy.
The planned construction at Stanlow is a potential £750 million investment to support a hydrogen economy across northwest England and northeast Wales.
Regarding the hydrogen plants, a planning application has been submitted to Cheshire West and the Chester Council last week.
As outlined in the Prime Minister’s 10 Point Plan, a commitment to deploying CCUS is central to meeting the UK’s net-zero goals and remains crucial for industrial decarbonisation, low carbon power, engineered greenhouse gas removal technologies and delivering the government’s 5GW by 2030 low carbon hydrogen production ambition.
Deepak Maheshwari, CEO of Essar Oil's UK arm said: “Essar is delighted that HyNet North West was selected to progress within Track-1 of the industrial decarbonisation cluster sequencing process.
"This is a transformative decision that further boosts Essar’s growing momentum as we transition to low carbon operations, continue to invest in Stanlow’s evolution to power the UK’s post-carbon economy and regenerate regional growth. We look forward to working with the Government and other regions to deliver low carbon clusters.”