EET Hydrogen to Build Low-Carbon Hydrogen Plant in UK
By Rediff Money Desk, NEWDELHI Feb 08, 2024 19:02
EET Hydrogen is in final negotiations with the UK Government to develop a low-carbon hydrogen plant in Ellesmere, which aims to begin construction later this year.
![EET Hydrogen to Build Low-Carbon Hydrogen Plant in UK](https://im.rediff.com/money/2023/feb/07hydrogen-2.jpg)
Photograph: Sam Shere/Getty Images
New Delhi/London, Feb 8 (PTI) EET Hydrogen on Thursday said it will soon proceed into final negotiations with the UK Government to develop a low-carbon hydrogen plant in Ellesmere, post "signing of statement of principles".
EET Hydrogen is part of the Essar Energy Transition (EET) portfolio. EET is Essar Global's investment in creating the UK's leading energy transition hub in North West England.
It has entered into a statement of principles with the UK Government's Department for Energy Security and Net Zero for its low-carbon hydrogen plant. The company will now proceed into final negotiations with the UK Government to develop the proposed project in Ellesmere, EET Hydrogen said in a statement.
"The signing of the statement of principles marks an agreement milestone between EET Hydrogen and the UK Government on key aspects of negotiations to date. EET Hydrogen and the UK Government will now enter final negotiations, with the aim of making a final decision later this year for the HPP1 project," it said.
With things in place, the construction of the plant is expected to begin later this year. It will have an initial production capacity of 350 MW and will capture around 6 lakh tonnes of CO2 a year which is equivalent to taking around 2.50 lakh cars off the road, the company said.
The company plans to supply the hydrogen to the industrial businesses across the North West of England aiding them to decarbonise their operations, protecting jobs and driving economic growth. The proposed project is at the cornerstone of the HyNet cluster and is essential for the cluster to commence construction later this year.
EET Hydrogen is part of the Essar Energy Transition (EET) portfolio. EET is Essar Global's investment in creating the UK's leading energy transition hub in North West England.
It has entered into a statement of principles with the UK Government's Department for Energy Security and Net Zero for its low-carbon hydrogen plant. The company will now proceed into final negotiations with the UK Government to develop the proposed project in Ellesmere, EET Hydrogen said in a statement.
"The signing of the statement of principles marks an agreement milestone between EET Hydrogen and the UK Government on key aspects of negotiations to date. EET Hydrogen and the UK Government will now enter final negotiations, with the aim of making a final decision later this year for the HPP1 project," it said.
With things in place, the construction of the plant is expected to begin later this year. It will have an initial production capacity of 350 MW and will capture around 6 lakh tonnes of CO2 a year which is equivalent to taking around 2.50 lakh cars off the road, the company said.
The company plans to supply the hydrogen to the industrial businesses across the North West of England aiding them to decarbonise their operations, protecting jobs and driving economic growth. The proposed project is at the cornerstone of the HyNet cluster and is essential for the cluster to commence construction later this year.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Navi Mumbai...](https://im.rediff.com/80-80/money/2021/jun/10navi-mumbai-airport7.jpg)
Navi Mumbai Airport ILS Signal Testing Begins
The Airports Authority of India (AAI) has begun ILS signal testing at the...
![Air India VRS for...](https://im.rediff.com/80-80/money/2020/sep/09tata-vistara-3.jpg)
Air India VRS for Non-Flying Staff Ahead of...
Air India has announced a voluntary retirement scheme (VRS) and voluntary separation...
Fisher Groups Oppose WTO Fisheries Subsidy Talks
Small-scale fisher groups from India, Indonesia, and Bangladesh demand WTO keep...