Essar Plans to Launch World's First Decarbonised Green Refinery in the UK

By siliconindia  |  Wednesday, 09 October 2024, 10:31:00 AM IST

Essar Plans to Launch World's First Decarbonised Green Refinery in the UK
The director at Essar Capital, Prashant Ruia, announced a commitment to the creation of the world's first decarbonised green refinery in the UK during the Financial Times Energy Transition Summit 2024, Delhi on October 8. The effort is part of the larger group sustainability programme that aims for key sectors, such as Energy, Infrastructure, Metals & Mining and Technology & Retail.
Now, Essar is growing its portfolio of green businesses with creative initiatives in green trucking, 24/7 renewable energy solutions, and integration of hydrogen across its refineries. One of the biggest achievements along this journey is the construction of the UK's first large-scale low-carbon hydrogen hub at Stanlow refinery. The hub is expected to produce 350 MW of hydrogen with capture of 2.5 million tonnes of carbon per annum, equivalent to taking away 1.1 million cars from the road.
Other than green refinery, Essar has been playing a pretty significant role in the UK's energy need with Stanlow refinery currently supplying 16 percent of fuel consumption in the country. To this end, current £20 billion decarbonization plan by UK government would complement the company's vision to cut carbon emissions at Stanlow by 95 percent by 2030, making Essar stand out as one of the world leaders in green refining.
Essar is also targeting the emissions of the trucking industry of India, which produces more than 400 million tons of CO2 every year. The company plans to cut these emissions by 70% with a combination of LNG and electric trucks. A dual ecosystem will be developed wherein electric trucks will be used for shorter distances and LNG trucks for longer hauls. More than 500 LNG trucks, capable of traveling 1,200 kilometers on a single refill, are already on the road, and additional fleets will be expanded soon.
Similarly, as part of the sustainability strategy, Essar has brought together multiple renewable energy sources into a hybrid model to ensure reliable around-the-clock energy. The company aims to make innovative inroads in continuous power supply through its innovations in battery storage and pumped hydro. In fact, the company would focus on enabling sustainable and commercially viable transition in energy that reinforces its role as a leader in balancing economic growth with environmental stewardship.

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