In order to establish a plant to supply industrial hydrogen, an oil company has announced plans to invest £1.9bn in the Stanlow oil refinery in Cheshire.
Essar, the plant's owner, is also investing in a carbon capture facility and storage for imported green ammonia from India.
In addition to providing clean energy to nearby glass and chemical factories, Essar will decarbonize its production of gasoline, diesel, and aviation fuel.
It was also mentioned that the investment would both preserve and create new jobs.
It's a great day because we have a great set of investments that will significantly reduce the north-west of England's carbon footprint, according to Tony Fountain, managing partner at Essar Energy Transition (EET).
It's a significant step, he added. ".
The organization, which acquired Stanlow in 2011, established EET to spearhead its vision of the "UK's leading energy transition hub.".
It claimed that the carbon emissions in the north-west of England would be reduced by 20% as a result of its operations.
When it unveiled its plans for a £360 million carbon capture plant in December, it first hinted that it intended to reposition the site.