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JV formed to build £1bn hydrogen production hub
The joint venture, known as Vertex Hydrogen, will create a £1bn hydrogen production facility at Stanlow Manufacturing Complex. Vertex was formed to “provide the catalyst for the development of a hydrogen economy across North West England and North Wales”, according to Essar.
The 2.8m sq ft facility, due to open in 2026, forms a key part of the HyNet North West decarbonisation cluster, an initiative aimed at reducing carbon emissions across the region by 10m tonnes a year from 2030.
The hydrogen production hub will provide low carbon energy to replace fossil fuels in industries across the HyNet region, as well as heating homes, and fuelling buses, trains and trucks.
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Business Opportunities for the Hydrogen Economy, Professionals Group
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JV formed to build £1bn hydrogen production hub
Essar and Progressive Energy have inked a joint venture with the intention of developing the scheme, a central part of the HyNet decarbonisation cluster.
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