Investing in decarbonisation and the development of low carbon products.
Establishing Sustainable businesses
Underpinned by the highest environment, social and governance standards, EET is committed to sustainability through investment in decarbonisation and the development of low carbon products.
Delivering Energy Security
“We’re going to produce vastly more hydrogen, which is easy to store, ready to go whenever we need it and is a low carbon superfuel of the future”
Ex UK Prime Minister Boris Johnson – April 2022
In April 2022, the UK Government launched its British Energy Security Strategy – a fundamental pathway to shoring up energy supply and transitioning to low-carbon, renewable sources of energy as part of the race to net-zero.
That race has already started and at EET, we are proud to play a leading role in building the hydrogen economy of tomorrow, a central pillar to the future of energy for Britain, and for the entire world moving forward. EET will build and nurture green businesses set on the foundations of sustainability and ESG (Environment, Social, Governance).
At Essar Oil UK, we will be developing the first low-carbon oil refinery in the UK. By investing in people and infrastructure, CO2 emissions are being reduced by 75% by 2030 and reach net-zero by 2040.
As part of this plan, EET is playing a critical role in the UK’s development of hydrogen. Through Vertex Hydrogen – a transformative new joint venture founded in January 2022 – EET is building and developing the UK’s first low-carbon large scale production plant at Stanlow. Vertex Hydrogen is part of HyNet – the UK’s leading industrial decarbonisation cluster. Vertex Hydrogen will provide blue hydrogen to hard-to-abate industries that are dependent on fossil fuels, contributing to creating the world’s first decarbonised industrial cluster.
Once operational, Vertex Hydrogen will produce 1GW of the UK’s blue hydrogen. By the end of this decade, it is planned to have an output of 3.8GW per year – close to half of the Government’s doubled target of 10GW per year.
An additional element of the Government’s energy strategy is the significant growth in renewable electricity generation. As well as taking a leading role in hydrogen production, Essar Oil UK is aiming to play a role in this aspect of the energy transition through the large-scale electrification of site energy use and by developing a hydrogen-fired Combined Heat and Power Plant (CHP). This will provide dispatchable and flexible low CO2 power that can complement steady baseload nuclear and weather-dependent wind, whilst decarbonising site heating with far greater efficiency than a standalone power producer.
In transitioning to become the UK’s first low-carbon refinery, Essar Oil UK will set a global benchmark for lower emitting refineries, showcasing the pathway to decarbonising our industry and other heavy polluters.
EET is a key part of the UK industrial value chain – playing a vital role in supporting the UK’s decarbonisation and energy transition agenda. By investing in this transition, EET is securing the long-term future, ensuring the UK maintains a strong manufacturing base, and continues to have a positive impact on the economy of the North West.