Essar Oil UK to build carbon capture facility
Essar is investing over 1 billion pounds into a range of energy efficiency, fuel-switching, and carbon capture initiatives, designed to decarbonise its production processes significantly by 2030 and put Essar at the forefront of the UK's shift to low-carbon energy.
Essar's energy transition strategy is based on five principles: running the core Stanlow refining processes as efficiently and safely as possible; decarbonising Stanlow's operations; building a hydrogen future through the launch of
Essar will achieve its decarbonisation targets through a combination of incremental (energy efficiency and operating improvements) and transformational projects, including the 360 million-pound carbon capture plant announced, but also as a result of the significant investments, Essar is making into hydrogen and biofuels.
Kent plc has been awarded a pre-FEED engineering contract to develop the facility that will take the CO2 emitted from one of
The gas will be permanently sequestered into depleted gas fields under the sea in Liverpool Bay, as part of the HyNet cluster infrastructure in the northwest of England.
Once complete in 2027, the plant will eliminate an estimated 0.81 million tons of CO2 per year -- the equivalent of taking 400,000 cars off the road, eliminating nearly 40% of all Stanlow emissions.
The project has been selected by BEIS as a Phase-2 winner in the CCUS cluster sequencing process earlier this summer, and as such, is currently progressing through the due diligence stage.
Essar is already making rapid progress against its broader decarbonisation targets. In September, EOUK announced it had signed a 'Heads of Terms' offtake agreement with Vertex, a joint venture with Progressive Energy, for the supply of 280MW+ of hydrogen.
AdvertisementThe hydrogen will be used to help decarbonise Essar's existing production facilities including the new hydrogen-powered furnace which was delivered in August this year. The 45 million-pound furnace is the first of its kind in the UK, capable of running on a 100 per cent hydrogen source and will replace three existing furnaces at Stanlow.
Vertex is developing the first large-scale, low-carbon hydrogen production hub in the UK, as part of the HyNet cluster. This will produce (in its initial phases) 1GW of hydrogen (the equivalent energy use of a large UK city like Liverpool) and capture some 1.8 million tonnes of carbon per annum. By 2030, Vertex expects to deliver nearly 4GW of low-carbon hydrogen, equivalent to 40 per cent of the UK government's national target.
Uber passengers now connect with city police in case of emergency with the SOS button
Samsung India will hire 1,000 engineers from top institutes for R&D units
Popular on BI
- A laid-off Microsoft software engineer on an H1-B visa said she wonders 'where will I be living' with just 60 days to find a new job
- Mark Zuckerberg just ushered in a new era of tech, where profitability and efficiency trump perks and culture
- A Google engineer found out she had been laid off while she was on vacation when her boss sent her a LinkedIn message
- Poco X5 Pro Review - Solid performance, boring design
- PM launches 20% ethanol blended petrol in 11 states/UTs
- ITC stock scales 52-week high as brokerages hike target price
- Last mile deliveries, food aggregators to drive E2W growth says Redseer
- Poco’s mid-range smartphone X5 Pro 5G launched in India starting at ₹22,999