(MENAFN- IANS) New Delhi, Feb 8 (IANS) EET Hydrogen is pleased to announce it has a statement of principles with the UK Government's Department for Energy Security and Net Zero for its flagship HPP1 low-carbon hydrogen plant. Construction is expected to begin later this year.

The signing of the statement of principles marks an agreement milestone between EET Hydrogen and the UK Government on key aspects of negotiations to date. EET Hydrogen and the UK Government will now enter final negotiations, with the aim of making a final decision later this year.

HPP1 will have an initial production capacity of 350M Wand will capture around 600,000 tonnes of CO2 a year-the equivalent to taking around 250,000 cars off the road.

This represents a major milestone for the UK hydrogen industry, for the Hy Net Cluster and for EET Hydrogen's progress towards its goal of developing 4 GW of low carbon hydrogen by 2030.

The hydrogen will be provided to industrial businesses across the North West of England to decarbonise their operations, protecting jobs and drivinge conomic growth. The project is the cornerstone of the HyNetcluster and is essential for the cluster to commence construction later this year.

Lord Callanan, Minister for Energy Efficiency and Green Finance said:“Wehavealreadyhalvedouremissions from 1990 levels, and hydrogen will play a vital role in the UK's journey towards net zero by providing businesses large and small with cleaner energy in the future.

“By moving into final negotiations with the Ellesmere project, we are working to deliver our ambition of upto 10 GW of low carbon hydrogen production capacity, in an industry expected to support upto 12,000 jobs by 2030.”

Tony Fountain, Managing Partner of EET said:“Today's statement of principles is a great outcome for both EETand theUK. Scalinghydrogen capacity is essential to decarbonising heavy industries is an important step in our ambitious decarbonisation plan to transform our business and the North West. We appreciate the Government's partnership which will contribute to protecting skilled jobs in the region and ensuring our industries remain competitive.”

--IANS

/kvd

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