Essar has committed to reduce carbon emissions by 75% by 2030 and will achieve its net zero emission target by 2040. Essar is committed to becoming the UK’s first low carbon refinery, investing over $1.2 billion over the next five years to lower emissions by decarbonising production processes. Essar will be amongst the first low carbon refineries globally and will set the global benchmark for lower emitting refineries, showcasing the pathway to decarbonise high emitting industries.
The combination of hydrogen, refinery decarbonisation and biofuels with unrivalled infrastructure, expertise, and Essar’s large land bank (c.900 acres) will facilitate the process.
HyNet provides a carbon capture and storage network, and a low carbon hydrogen transport and storage eco-system across the Northwest of England and North Wales.
Essar is the only supplier of large-scale low carbon hydrogen within the cluster through its subsidiary EET Hydrogen. Essar is the largest industrial CO2 emitter in the region decarbonising its operations through energy efficiency, fuel switching and carbon capture.
Investment is aligned to delivering the UK Government’s Ten Point Green Industrial Revolution’s hydrogen target and the British Energy Security Strategy.
Essar will deliver its target of a 75% cut in emissions by 2030 and net zero by 2040 through three phases:
• Energy efficiency – delivering a step change and best in class process energy efficiency through high impact projects.
• Carbon capture – investing on carbon capture technology for our full residue catalytic cracker units.
• Fuel switching – manufacturing hydrogen via Vertex Hydrogen and using it in our production processes to lower emissions.
Essar is securing manufacturing for the long-term future, ensuring the UK maintains a strong, secure manufacturing base for fuels, and continues to have a positive impact on the economy of the Northwest.