Essar Future Energy Limited is one of the portfolio businesses of the global investor, Essar Global Fund Limited (EGFL). EGFL invests, builds and nurtures a portfolio of world-class companies through Essar Capital, its investment manager.
Essar Group Website
Essar Group commenced operations in 1969 by the Ruia brothers in Chennai, India where it began as a construction company taking on marine and civil projects, including building jetties and breakwaters
In the 1980s–1990s, Essar diversified into core sectors like steel, shipping, oil & gas, and power, becoming one of India’s leading industrial conglomerates.
By the 2000s, Essar expanded globally, with operations in over 25 countries across energy, metals, infrastructure, and services.
In recent years, Essar has focused strongly on energy transition and sustainability, setting up new platforms in green fuels, hydrogen, green steel, and clean mobility solutions under its various decarbonization initiatives.
Today, Essar Group continues to build on its 50+ year legacy, driving industrial growth, clean energy, and innovation while contributing to India’s and the world’s decarbonization goals.
The Essar Group has a strong focus on sustainability, and we undertake decisions in a manner that bears testimony to human sense. At Essar, we can only expect superior returns when our actions benefit each one of us and the environment.
We seek to serve economies, communities, and all our stakeholders with an approach to promote sustainable growth. Besides Essar Future Energy, these are some of Essar’s investments towards sustainability and decarbonization:
EET Fuels is a leading UK-focused downstream energy company whose main asset is the Stanlow Manufacturing Complex, one of the most advanced refineries in Europe. In alignment with Essar’s commitment to decarbonisation, EET Fuels is also developing this location to create a strategic energy transition cluster producing low-carbon fuels to power the future of mobility.
EET Hydrogen, is a leading player in energy transition, and is developing one of the first large scale, low carbon hydrogen production hubs in the world. The company will produce (in its initial phases) 1,350MW of hydrogen capacity at Stanlow, UK. It further plans to produce ~4,000MW of low carbon hydrogen by 2030, which would be ~40% of the UK Government’s 10GW target. EET Hydrogen is an integral part of HyNet, one of two initial ‘Track 1 clusters’ for industrial decarbonisation selected by the UK Government.
Stanlow Terminals sets the global benchmark for decentralised, sustainable energy infrastructure. Its two strategic site locations – Tranmere and along the Manchester Ship Canal – redefine safe, efficient, and environment-friendly storage and supply chain possibilities for bulk liquids. Stanlow Terminals is creating U.K.’s first eco-friendly energy storage hub for carbon-conscious fuel management.
As part of Essar’s vision to lead the energy transition, Essar Renewables is at the forefront of driving a cleaner, greener future. With a strong commitment to sustainability, we are harnessing the potential of emerging green technologies - including green hydrogen and renewable power sources - to redefine the way energy is produced and consumed. Backed by Essar’s legacy of industrial innovation and investment excellence, we are developing 10 GW of renewable energy capacity over the next 5 years, marking a bold step towards decarbonising industry and accelerating the global shift to sustainable energy solutions.
KSA Flat Steel complex is planned to be a 4 MTPA state-of-the-art integrated green steel plant in Ras-Al-Khair in Saudi Arabia which will be the largest Flat Steel complex in the MENA region. The asset is set to be a showcase of a decarbonisation-conscious facility redefining the possibilities associated with Flat Steel production.
Mesabi Metallics is accelerating the DRI and HBI industry’s transition to Green Steel in North America to fulfil and accelerate the increased demand for Direct Reduced high-grade iron ore pellets. Their vision is to enable global partners to materially reduce carbon emissions from the manufacturing and consumption of steel, creating a stronger, greener future for generations to come.
GreenLine is a pioneer in clean fuel logistics solutions. Set-up in 2021 to deliver Liquefied Natural Gas (LNG) & Compressed Natural Gas (CNG) to industries in off-gas-grid locations, quicker and safer, GreenLine is a leading transporter of LNG across the country. GreenLine is now pioneering smart, green mobility in India, enabling conscious corporates in their journey to Net Zero through a switch to cleaner freight transportation.
Ultra Gas & Energy is a green-tech company committed to the global ESG (Environmental, Social, Governance) agenda. Through investments in this business, Essar is disrupting clean energy marketing and distribution in India by building a pan-India network of Green Fuel Hubs that will provide closest access to a wide variety of clean fuels to both, industries & transport sector.
Blue Energy Motors (BEM), is Essar’s investment in building a zero-emission truck technology start-up that can disrupt heavy-duty trucking. BEM creates a clean alternative for the carbon-heavy and diesel-driven sector and provides an immediate solution while ensuring sustained economic returns. The company’s disruptive business model enables customers to introduce next-generation truck technology into their fleets, enabling their transition into green transportation solutions.