news topics: energy

Stanlow, 27 March 2023: Essar is pleased to announce that Mike Mackay has been appointed to the role of Chief Transformation Officer at Essar Oil UK. Mike will also join the company’s Executive Leadership Team. Mike has over 25 years of experience in the oil and gas industry.  He also has extensive knowledge of refining and […]

Prashant Ruia, Director – Essar Capital, speaks to Menaka Doshi of Bloomberg. He gives a brief detail of Group’s investment plans of $3.6 billion on low-carbon future fuel in the UK and India. https://www.bloomberg.com/news/videos/2023-02-28/essar-capital-s-ruia-on-group-s-decarbonization-business-video

[London, 27 February 2023]: Essar Group, invested in Energy, Metals and Mining, Infrastructure and Technology sectors, today announces the formation of Essar Energy Transition (“EET”) to drive the creation of the UK’s leading energy transition hub in North West England. EET plans to invest a total of US$3.6 billion in developing a range of low […]

Vertex Hydrogen (“Vertex”) is a leader in the energy transition, developing the UK’s first large scale, low carbon hydrogen production hub at Essar’s site in Ellesmere Port – the heart of the HyNet North West cluster. Vertex has now signed agreements to supply over 1,000MW of low carbon hydrogen to leading industrial names in the […]

~Posts record PAT in Q3FY23, grows 273% YoY~ Mumbai, February 13, 2023: Essar Oil and Gas Exploration and Production Ltd (EOGEPL), a pioneer and a leader in unconventional hydrocarbon space, today announced their results for the quarter ending December 31, 2022. The company has reported its highest ever quarterly revenue of ₹219 crore in Q3 FY23, with […]

“The attention and allocation to building a green infrastructure and a decarbonised energy regime is the core of the union budget which puts India on the path of being future proof. The ₹ 35,000 crore allocation for energy transition along with an ambitious target of 5 MMT of hydrogen will unleash new demand impulses across […]

Vertex Hydrogen has signed a ‘Heads of Terms’ offtake agreement for over 200 megawatts of low carbon hydrogen with Northwich-based Tata Chemicals Europe (“TCE”).  TCE is one of Europe’s leading producers of sodium carbonate, salt, sodium bicarbonate and other products used in the manufacture of food and animal feed, glass, detergents, chemicals and several other […]

“Environment and sustainable development have been key focus areas for the Government. As India moves towards a green and sustainable economy, a suitable framework should be established boosting the nation’s infrastructure by adopting state of the art technology for biofuels, hydrogen, natural gas, solar and greener logistic solutions as well as increasing the share of […]

Essar Oil UK’s CEO Deepak Maheshwari in an exclusive interaction with Sambit Mohanty of S&P Global Commodity Insights on future plans and investments to catalyse UK’s decarbonisation drive. Sambit Mohanty S&P Global Commodity Insights HIGHLIGHTS – Looking to expand hydrogen footprint with Vertex project – Energy impact of Ukraine war on UK less than on […]

Vertex Hydrogen has signed a ‘Heads of Terms’ offtake agreement for low carbon hydrogen with Merseyside glass manufacturer Pilkington UK. St Helens’ Pilkington United Kingdom Limited, part of the NSG Group, has led the flat glass sector in the switch towards low carbon fuels, completing two world-first trials of hydrogen being fired in a glass […]