BEAMSTART Logo

Essar aims to turn Stanlow into world's 1st decarbonised green refinery

Business Standard LogoBusiness Standard8h ago

Essar aims to turn Stanlow into world's 1st decarbonised green refinery - Business Standard

Quick Summary:

Essar group will turn the UK's Stanlow refinery into the world's first decarbonised green refinery as it plans to use blue hydrogen for meeting heating and power needs of the unit, cutting carbon emissions by as much as 95 per cent, a top official said Tuesday.

Speaking at FT's Energy Transition Summit India, Prashant Ruia, director of Essar Capital, which manages the group's portfolio of investments, said Essar Energy Transition's (EET) HyNet project will produce 350-megawatt of blue hydrogen in phase-1 and another 1 gigawatt in phase-II.

Since the UK does not have solar and wind potential to produce renewable electricity which could be used to split water in an electrolyser to produce green hydrogen and oxygen, EET will use natural gas to produce blue hydrogen and also capture and permanently store carbon produced during the process.


More Pictures

Essar aims to turn Stanlow into world's 1st decarbonised green refinery - Business Standard (Picture 1)

or

Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-08 @ 23:53:56 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 734 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22958298

View Article Analysis

About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 342 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 7 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Essar aims to turn Stanlow into world's 1st decarbonised green refinery" has 734 words across 24 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Which news outlet covered this story?

The story "Essar aims to turn Stanlow into world's 1st decarbonised green refinery" was covered 8 hours ago by Business Standard, a news publisher based in India.

How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.

The outlet is headquartered in India and publishes an average of 342 news stories per day.

It's most recent story was published 7 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #22958298
  • URL: https://beamstart.com/news/essar-aims-to-turn-stanlow-17284128632077

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.