Essar Group to build UK’s largest hydrogen hub
LIVERPOOL, January 27, 2022 – Essar Group has formed a joint venture with subsidiary Vertex Hydrogen to build UK’s largest hydrogen facility for USD 1.35 billion, the Indian multinational holding company announced on Wednesday.
UK’s first low-carbon hydrogen facility will be located on the south side of the Mersey Estuary near Liverpool and will produce 1 GW. The facility is set to be operational in 2026.
Produced hydrogen will be aimed at heating homes, fuelling vehicles and providing for industrial sectors.
The development is part of the Hynet North West project meant to spur installation of a hydrogen system in the northwest of the UK and northern Wales.
Captured hydrogen will be stored by Hynet North West partner Eni offshore Liverpool Bay.
Vertex Energy is jointly owned by Essar Group and the UK company Progressive Energy.
Read our latest insights on:
Trinidad’s energy opportunitiesINTERVIEW
Latest news and features
Nigeria as a major maritime hubINTERVIEW
Steps to improve the maritime sectorINTERVIEW