Essar Oil UK signs offtake agreement with Vertex Hydrogen
Gary Hornby
28-Sep-2022
LONDON (ICIS)–Essar Oil UK has signed an
offtake agreement with Vertex Hydrogen for the
supply of hydrogen to Essar’s production
facilities, the company said in a press release
28 September.
The deal is for at least 280MW of low carbon
hydrogen, which “will then be used to help
decarbonise Essar’s existing production
facilities including the new hydrogen powered
furnace,” the press release said.
Vertex, a joint venture between Essar and
Progressive Energy, is developing low carbon
hydrogen production as part of the HyNet
Consortium.
Vertex is based in northwest England and aims
to have 1GW of hydrogen production capacity
online around the middle of the decade, and
some 1.8mn tonnes/year of CO2 captured, with
4GW of low carbon hydrogen production capacity
due by 2030.
Moreover, Vertex was selected as one of four
hydrogen projects to proceed to the due
diligence phase in the UK government’s Cluster
Sequencing Programme.
The UK Government has set a target of 10GW of
hydrogen production capacity to be in place by
2030, of which at least 5GW will be made up of
renewable hydrogen.
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