“What we’re finding now are new businesses and new opportunities are saying ‘if you can do these hydrogen plans, we will come and locate to the region’. That’s a new dynamic we didn’t have a year ago.”
Essar said hydrogen and biofuels are becoming globally significant fuels. “The UK is positioned strongly to spearhead the rapid growth of the European low carbon fuels market,” it said. “The UK already benefits from an advanced regulatory and policy framework to support low carbon energy production”.