January 02, 2026 12:11 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
New Year horror in Switzerland: Dozens feared dead in Crans-Montana bar explosion | Tobacco stocks crushed as govt slaps fresh excise duty from Feb 1 | Vodafone Idea shares explode 10% after surprise settlement and govt relief boost | No third party involved: India govt sources refute China’s Operation Sindoor ceasefire claim | Amit Shah blasts TMC over border fencing; Mamata fires back on Pahalgam and Delhi blast | 'A profound loss for Bangladesh politics': Sheikh Hasina mourns Khaleda Zia’s death | PM Modi mourns Khaleda Zia’s death, hails her role in India-Bangladesh ties | Bangladesh’s first female Prime Minister Khaleda Zia passes away at 80 | India rejects Pakistan’s Christmas vandalism remarks, cites its ‘abysmal’ minority record | Minority under fire: Hindu houses torched in Bangladesh village
Essar Oil UK

Essar Oil UK welcomes government backing on HyNet North West

| @indiablooms | Oct 20, 2021, at 11:33 pm

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.”

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm