UK Hynet project timing hinges on CfD sign-off
Developers need government-backed support mechanism fully in place before end of year to achieve construction timetable
The developers of a proposed 1GW/yr blue hydrogen production facility at the Stanlow manufacturing complex in northwest England have warned of potential delays to the project unless a government-backed support scheme is fully signed off by the end of this year. The project, which forms the central element of the Hynet North West low-carbon cluster, is being developed by oil and gas firm Essar and technology company Progressive Energy under a joint venture called Vertex Hydrogen. Hynet has been selected by the government as one of two first-round low-carbon clusters to receive state support. The construction schedule for the blue hydrogen project envisages FID by the end of this year, with fi
Also in this section
23 January 2025
Russia, Poland and Romania are the biggest players when it comes to hydrogen projects in the region
23 January 2025
The UK leads Western Europe in terms of active hydrogen project market share, but developments are planned across Italy, Spain, Portugal, the Netherlands and the Nordic countries
23 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition