Essar Energy Transition (EET) announced on Friday that they would set up Europe's first hydrogen-ready combined heat and power plant (CHP) at its Stanlow refinery in Ellesmere Port, UK. They stated that the project would be developed over two phases to achieve a capacity of 125 MW and reduce 740,000 tonnes of carbon dioxide per annum. The building of the power plant was highlighted as a crucial component of EET's broader $3 billion energy transition initiatives in the North West of England. It was further mentioned by the company that the project, named EET Hydrogen Power, is scheduled for completion in 2027, according to their statement. The investment is aimed at supporting EET Fuels' aspiration to become the refinery with the lowest carbon process globally and EET Hydrogen's ambition to lead as the top low carbon hydrogen producer in the UK. Additionally, the project will supply low carbon power to other industrial users in the region to aid in achieving their decarbonisation goals. EET Hydrogen Power is set to operate as an independent vertical under EET.