"A total investment of approximately 1 billion pounds will be committed to deliver the hydrogen production hub," Essar said in a statement. Besides, the company said that the initiative is a core part of a wider strategy by Essar globally to focus on investing in energy transition through the transformation of existing portfolio companies, and investments in new ventures. "The UK's first low carbon hydrogen facility at Essar Stanlow will sit at the heart of the 'HyNet' low carbon cluster, to produce a total of 1GW per year of hydrogen, across two units, from 2026." "This is equivalent to the domestic heating energy used by a major British city region, such as Liverpool." As per the statement, waste fuel gases from Essar Stanlow, and natural gas, will be converted by Vertex Hydrogen into hydrogen, with carbon dioxide safely captured and stored by 'HyNet' partner 'Eni SpA', underground offshore in Liverpool Bay.