Essar Oil (UK) CEO, Mr. Deepak Maheshwari, shares insights on carbon capture at FT Energy Transition Summit

Essar Oil UK was an associate sponsor of the prestigious Financial Times’ Energy Transition Summit in London. The 8th edition of the Summit brought together senior leaders from the energy, finance, and business sectors to share essential insights and practical strategies for advancing the energy transition. The event served as a platform for addressing the challenges related to geopolitics, technology, and finance on the path towards a sustainable future.

Mr. Deepak Maheshwari, Chief Executive Officer of Essar Oil (UK) Limited, made a significant impact speaking at the summit, representing the company eloquently. With a rich and influential history in the energy sector, Mr. Maheshwari has played a pivotal role in steering Essar Oil (UK) Limited towards its steadfast commitment to sustainable practices.

Mr. Maheshwari participated in a panel discussion moderated by David Sheppard, Energy Editor at the Financial Times. The panel also featured notable speakers such as Gustavo Baquero, EVP of Strategy, Business Development, and Energy Transition at Harbour Energy, Alex Holden, Chief Operating Officer at Levidian, and Gerry Farrow, Senior Vice President at Aker Solutions. Their diverse insights sparked engaging discussions, particularly on the topic of abated energy production.

During the discussion, Mr. Maheshwari emphasised the growth and significance of carbon capture and storage (CCS) in the context of achieving decarbonisation. He shared valuable insights into Essar Oil (UK) Limited’s contributions, progress, and strategic investments aimed at establishing the United Kingdom’s leading low-carbon refinery. He also touched upon the pivotal role of industrial carbon capture and storage (CCS) in the decarbonization process, as well as Essar Oil (UK) Limited’s ongoing initiatives to improve energy efficiency, transition to hydrogen fuel sources, EET Hydrogen, etc.

Participation in the Financial Times’ Energy Transition Summit highlights Essar Oil (UK) Limited’s leadership and dedication to the global energy transition. The company’s commitment to both business transformation and industrial decarbonisation shines through in Mr. Maheshwari’s insights, highlighting Essar Oil (UK) Limited as a key player in shaping a sustainable future.