Essar Announced Formation Of New Unit To Oversee Green Projects In UK & India
CEOInsights Team, 0
Essar energy transition(eet), the new unit in charge of its various businesses, plans to invest $2.4 billion at its stanlow site between liverpool and manchester
EET expects to save 3.5 million tonnes of CO2 through its investment in the UK, accounting for nearly a fifth of total industrial emissions in North West England, according to Essar. Essar's blue hydrogen, low carbon biofules, and green ammonia businesses, as well as its Stanlow refinery, terminal, and marketing operations, will be part of EET. Essar, which is developing 1 GW of green ammonia in India for sale in the UK and international markets, also announced the establishment of a liquefied natural gas value chain in India, including LNG truck manufacturing and LNG fuel stations, as well as the establishment of a pellet plant in eastern India and a 4-million tonnes-per-year green steel complex in Ras-Al-Khair, Saudi Arabia.