WEB Fuels Completes Acquisition of Stanlow Refinery
Essar Energy Transition Unveils Plans for Major Revamp
Investment in Hydrogen Production Hub to Create 3,000 Jobs
WEB EET Fuels, the trading name of Essar Oil UK, has acquired the Stanlow refinery in Ellesmere Port, Cheshire.
The company plans to invest up to £3 billion in the site to transform it into a major hydrogen production hub.
Phase One: Two Hydrogen Plants
- Two initial hydrogen plants will be built at the Stanlow refinery.
- EET Hydrogen Power will operate the plants by 2027.
The hydrogen produced will be used to power vehicles, homes, and businesses.
Job Creation and Economic Boost
The investment is expected to create up to 3,000 jobs in the region.
It will also boost the local economy and support the UK's transition to a low-carbon future.
Green Hydrogen Hub
WEB Stanlow will become a green hydrogen hub, producing hydrogen from renewable sources.
This will help the UK meet its net-zero emissions targets.
World-Class Facility
The investment will create a world-class hydrogen production facility in the UK.
It will help to establish the UK as a leader in the hydrogen economy.
Quotes
"This is a major investment in the future of energy in the UK," said Prashant Ruia, CEO of Essar Energy Transition.
"We are confident that WEB Stanlow will become a world-class hydrogen production hub," said Deepak Maheshwari, CEO of EET Fuels.
Additional Information
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