10.2 C
London
Wednesday, September 28, 2022

Essar Group aims for key role in hydrogen construction market

Must read

How to turn your problems into rewarding opportunities

Opinions expressed by londonbusinessblog.com contributors are their own. Many entrepreneurs are good at spotting problems, but few master the skill to turn their problems into...

Who is Steven R. McQueen? Age, Height, Female, Gay, Net Worth

Steven R. McQueen Wiki Bio Steven R. McQueen was born in Los Angeles, California, USA on July 13, 1988 – his zodiac sign is Cancer...

Who is Salem Ilese? Wiki, Age, Height, Net Worth, Boyfriend, Ethnicity, Career

Salem Ilese is a teenage musician who gained fame through the internet. She belongs to the category of artists who can create space...

Never-Before-Heard Facts About Angela Stacy: Actor Matt Lanter’s Beauty Blogger Wife

Angela Stacy, known today as Angela Lanter, is a full-time blogger and influencer. This Nashville-born blogger also has a YouTube channel where she...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

North West England Stanlow oil refinery has stood on the banks of the River Mersey for nearly 100 years. But today, the executives want to make sure it has a low-carbon future for the next century. It produces about 17 per cent of the fuel for roads in the UK and heavy investments are being made to decarbonise the facility — financing plans to capture emissions and store them underground, Financial times reported.



Essar Group, the India-based conglomerate, owns Stanlow and believes that through the deployment of carbon capture, use and storage (CCUS) technology, the plant can extend its lifespan. The company plans to play a key role in the UK’s plans to build a market for hydrogen, as a low-carbon fuel for heavy industry and transport.

“Our company vision is that carbon capture will be an important part of production for our industry and that is why we are committed to it now,” says Jon bards, Chief Operating Officer of Essar Oil. “We firmly believe that delivering net zero (emissions) is a good thing for us as a company, as the transition to hydrocarbons will be a long one,” he adds, the Financial Times reported.

Much depends on the success of CCUS. The UK government last year supported two CCUS rapid development clusters, including the HyNet northwest project that includes the Stanlow refinery.

CCUS has a checkered history, with the UK government withdrawing funding over the past decade and questioning the effectiveness of some international projects in operation. But the UK government has re-committed to the technology and wants at least five industrial clusters across the country to capture heavy industry emissions.

Essar says the chemistry and engineering are widely used and understood in the oil industry — though generally for maximizing output by reinjecting CO2 into oil fields to squeeze out extra supply, rather than cutting emissions. Reduce.

As part of the HyNet cluster in the North West of England, the plant will be used for the production of so-called blue hydrogen. Blue hydrogen is made from gas, but with the emissions captured to create a low-carbon or zero-carbon fuel. This could replace the gas used to power the facility and kick-start a broader hydrogen economy, by providing a low-carbon fuel for other industries, the Financial Times reported. “We want to demonstrate that this is a viable technology solution and that we can implement and run it sustainably, as part of the company’s own transition to lower carbon emissions,” said Barden. “The goal is to reach zero by 2040, but it is possible to reach 70-80 percent of net zero within 10 years.”

ALSO SEE :

Moody’s withdraws rating from Kalyan Jewelers

Bank stock rally continues as credit growth picks up and margins boost

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

How to turn your problems into rewarding opportunities

Opinions expressed by londonbusinessblog.com contributors are their own. Many entrepreneurs are good at spotting problems, but few master the skill to turn their problems into...

Who is Steven R. McQueen? Age, Height, Female, Gay, Net Worth

Steven R. McQueen Wiki Bio Steven R. McQueen was born in Los Angeles, California, USA on July 13, 1988 – his zodiac sign is Cancer...

Who is Salem Ilese? Wiki, Age, Height, Net Worth, Boyfriend, Ethnicity, Career

Salem Ilese is a teenage musician who gained fame through the internet. She belongs to the category of artists who can create space...

Never-Before-Heard Facts About Angela Stacy: Actor Matt Lanter’s Beauty Blogger Wife

Angela Stacy, known today as Angela Lanter, is a full-time blogger and influencer. This Nashville-born blogger also has a YouTube channel where she...

Europe blames sabotage on Russian pipeline explosions

Sabotage was behind underwater explosions that spewed gas from two major pipelines connecting Europe and Russia, Western leaders agreed on Wednesday. The question...