Business Standard

Thursday, December 19, 2024 | 05:12 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Tata Chemicals Europe, Vertex sign low-carbon hydrogen offtake agreement

Vertex will supply TCE with hydrogen as the manufacturer continues to decarbonise its operations in the UK with a target of achieving "net zero" manufacturing by 2030

mergers
Premium

Photo: Shutterstock

BS Reporter Mumbai
Vertex Hydrogen, a part of the Essar group, has signed a "heads of terms" offtake agreement for over 200 megawatts of low-carbon hydrogen with Tata Chemicals Europe (TCE).

In June 2022, Tata opened the UK’s first industrial scale carbon capture and usage plant. The £20 million investment captures 40,000 tonnes of carbon dioxide each year—the equivalent of taking over 20,000 cars off the road.

Under the new offtake agreement, Vertex will supply TCE with hydrogen as the manufacturer continues to decarbonise its operations in the UK with a target of achieving "net zero" manufacturing by 2030.

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in