{"id":76252,"date":"2023-02-28T02:00:33","date_gmt":"2023-02-28T02:00:33","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/02\/28\/essar-group-has-its-sights-on-hydrogen-generation-in-india-and-the-uk\/"},"modified":"2023-02-28T02:00:33","modified_gmt":"2023-02-28T02:00:33","slug":"essar-group-has-its-sights-on-hydrogen-generation-in-india-and-the-uk","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/02\/28\/essar-group-has-its-sights-on-hydrogen-generation-in-india-and-the-uk\/","title":{"rendered":"Essar Group has its sights on hydrogen generation in India and the UK"},"content":{"rendered":"

Indian multinational conglomerate Essar Group plans to spend up to USD 3.6 bn on <\/strong>hydrogen production and decarbonization in India and the UK<\/strong>, Bloomberg<\/a> reports. In an initial phase, the company plans to invest USD 1.2 bn in blue hydrogen production at its Stanlow refinery in northwest England, with a final investment decision expected later this year, Prashant Ruia, director of one of the group\u2019s subsidiaries, told Bloomberg. Later down the road, the company aims to invest in reducing emissions at the refinery and producing green ammonia for export to the UK and Europe. The refinery is linked to a project that\u2019s eligible for UK government funding for carbon capture and storage. If the UK finalizes a market framework later this year, as expected, Essar Group could potentially get the blue hydrogen project up and running by 2027, Ruia told Bloomberg.<\/p>\n

South Korea\u2019s SK Signet poised for growth in the US:<\/strong> South Korean EV charging infrastructure firm SK Signet says the planned rollout of its 400 KW ultrafast EV charger<\/a> in the US will lead to exponential growth across the market, Signet CEO Shin Jung-ho said in an interview with South Korean News Agency Yonhap<\/a>. Already a supplier of US-based EV charging networks Electrify America and EVgo, the company\u2019s manufacturing plant in Texas is set to become commercially operational in June producing 10k units of Signet\u2019s V2 chargers annually.<\/p>\n

Part of global expansion plans:<\/strong> The company secured its first production contract in the UK earlier this month, signing a EUR 7.6 mn agreement through its European subsidiary SK Signet Europe. There are expansion plans to enter four other countries across the continent including Germany, and France, according to a company statement<\/a>.<\/p>\n

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