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Essar Energy Transition acquires Thornton Science Park

Essar Energy Transition (EET) has signed an agreement to acquire Thornton Science Park through its subsidiary EET Property, in line with its £2.3 billion investment in energy transition across the North East.

Spanning 66 acres, Thornton Science Park is said to be at the forefront of scientific and industrial research and development and is a “key asset” to the Cheshire Science Corridor – linking Liverpool and Manchester.

EET has said it plans for Thornton Science Park to serve as an energy transition hub, as well as the UK headquarters for EET.

An energy hub

The hub will include:

  • EET Fuels, which is transitioning Stanlow Manufacturing Complex to become the UK’s first low carbon refinery
  • EET Hydrogen, which is developing a large scale, low carbon hydrogen production hub
  • EET Hydrogen Power, which is developing “Europe’s first” hydrogen-fuelled combined heat and power plant
  • Stanlow Terminals, which is said to be the UK’s largest independent bulk liquid storage terminal, and is developing enabling transport and storage infrastructure for biofuels and new energies

Deepak Maheshwari, CEO, 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.

“Leading by example, Essar Energy Transition is playing its part to ensure that the UK delivers on its climate change goals, enhances energy security and maintains a strong, secure manufacturing base for fuels.”

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