Essar Energy Transition (EET) on Friday announced setting up of Europe's first hydrogen-ready combined heat and power plant (CHP) at its Stanlow refinery in Ellesmere Port in the UK.
The building of the power plant is a key part of EET's overall USD 3 billion of energy transition initiatives in the North West of England.
The company aims to complete the project, EET Hydrogen Power in 2027, it said in a statement.
The investment will support EET Fuels' ambition to become the lowest carbon process refinery, globally and EET Hydrogen's ambition to become the leading low carbon hydrogen producer in the UK. It will also provide low carbon power to other industrial users in the region to support their decarbonisation targets.
EET Hydrogen Power will become an independent vertical under EET.
The project will be developed over two phases to reach a capacity of 125 MW and reducing 740,000 tonne of carbon dioxide per annum.
The new plant will replace Stanlow's existing boiler units, which
