Essar Energy Transition ('EET') has signed a sale and purchase agreement to acquire the site through its subsidiary EET Property Limited, as part of its plan to create one of Europe’s main energy transition hubs, focusing on hydrogen fuel technologies.
Thornton Science Park has been at the forefront of scientific and industrial research and development and is a key asset to the Cheshire Science Corridor – linking Liverpool and Manchester. The site has also played a significant role in identifying sustainable energy sources to address meeting the UK’s 2050 net zero emissions target.
Deepak Maheshwari, CEO of EET Fuels, said: “The acquisition of Thornton Science Park represents the latest step in our ambition to develop Europe’s foremost integrated energy transition hub.
EET plans for Thornton Science Park to serve as an energy transition hub.
EET will develop the hydrogen hub in phases with the first plant at 350MW capacity, the second at 1,000MW capacity and an overall target capacity of more than 4,000MW by 2030.
Construction is anticipated to start this year, with low carbon hydrogen produced at the site by 2027.
For the full story, see Chester Standard