Essar Energy Transition (EET) has expressed its congratulations to Eni and the UK Government on achieving financial close on the core carbon transport and storage project of the HyNet Industrial Cluster, known as the Liverpool Bay CCS. This milestone marks the beginning of Eni's construction phase to develop infrastructure vital for reducing carbon emissions significantly and attracting investments that support job creation and industries in North West England and North Wales. EET's Hydrogen Production Plant (HPP1) project, a key component of the HyNet project, is expected to be the UK's first large-scale low-carbon hydrogen production plant. With a capacity of 350MW and the capability to capture 600,000 tonnes of CO2 annually, HPP1 will play a crucial role in decarbonizing the region, equivalent to removing 125,000 cars from the road. Situated at the core of HyNet, EET's Stanlow Manufacturing Complex, home to the EET Fuels refinery, will be integral to the success of HPP1 and the wider decarbonization program. The complex aims to capture around 2 million tonnes of carbon from the refinery, incorporating electrification, carbon capture, and the development of additional projects like Hydrogen Production Plant 2 (HPP2) and Sustainable Aviation Fuels (SAF). Moreover, Stanlow's strategic location and commitment to low-carbon initiatives are set to benefit other high-tech businesses by providing access to local hydrogen production and carbon infrastructure, fostering a sustainable ecosystem. Tony Fountain, Managing Partner of Essar Energy Transition, highlighted the significance of the HyNet CO2 pipeline in revolutionizing industry in the North West, positioning Stanlow as a prominent energy transition hub. The developments not only offer growth opportunities for businesses in the region but also reinforce Stanlow's objective of being a leading decarbonized refinery in Europe, ensuring long-term fuel security for the UK. Joe Seifert, CEO of EET Hydrogen, emphasized the importance of HPP1 as a cornerstone project in the HyNet initiative, underscoring its role in advancing towards a low-carbon future. The announcement signifies a strong momentum for EET Hydrogen as they move closer to the construction phase of their flagship project, contributing significantly to the region's decarbonization goals.