A LANDMARK report published by Essar Energy Transition (EET) states that a multi-billion-pound investment is projected to support thousands of additional jobs across the North West over the coming decade.
The In Country Value Overview, published today (Monday, May 11), highlights the company’s significance to the UK economy, energy resilience and security and its pivotal role in industrial decarbonisation.
Compiled independently by FGE NexantECA, the report states that while EET is already a critical fiscal and industrial asset, its transition to a low-carbon energy hub will unlock ‘unprecedented economic value’.
By 2035, EET’s operations are projected to deliver £1.9 billion in annual Gross Value Added (GVA) to the UK economy and support nearly 10,000 long-term jobs.
These operations include a £4.3 billion energy transition pipeline, with over £1 billion nearing Final Investment Decision (FID).
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