Essar Energy Transition (EET) has completed the acquisition of Thornton Science Park in Ellesmere Port from Cheshire University for an undisclosed price.
Late last year, it was reported a deal for the 66-acre park had been agreed for circa £120m. Thornton Science Park comprises modern purpose-built laboratories, office space and industrial facilities.
As part of EET’s plans to create one of Europe’s leading energy transition hubs, the company said Thornton Science Park will become home to the next generation of innovators, engineers and scientists and will lead the way in new technologies, including hydrogen production.
Deepak Maheshwari, CEO of EET Fuels, said: “The acquisition of Thornton Science Park marks another huge step in our ambitious plans to develop Europe’s foremost integrated energy transition hub. With our strong links with local stakeholders, we plan to attract the businesses and innovators who are leading the UK’s decarbonisation strategy.”
