The proposed project will have a 120MW electrolyser, that could potentially save up to 100,000t per year of CO2.
Hy24, through its clean hydrogen infrastructure fund, will enter exclusive negotiations to finance a £300 million ($407 million) hydrogen electrolytic production facility. The project aims to support decarbonization efforts by supplying green hydrogen to ExxonMobil’s petrochemical complex in the region.
The facility will feature a 120MW electrolyser, capable of reducing carbon dioxide emissions by up to 100,000 tons annually by replacing heavy fuel oil and conventional hydrogen with low-carbon hydrogen. This aligns with the UK’s efforts to promote sustainable energy solutions.
Amir Sharifi, Hy24’s Head of UK, Southern Europe, and MENA, stated: “The policy landscape in the UK is providing the certainty and clarity needed to enable decarbonisation projects at the right scale and pace. We see this as a very positive signal and a strong opportunity for Hy24 to expand into the UK for the first time, alongside partners who are deeply committed to the energy transition. The reality is that leadership positions across the hydrogen value chain are being shaped now – and the UK has shown remarkable consistency and determination in this regard. In this context, Hynamics UK stands out as one of the most advanced players, and we are pleased to solidify our partnership with them to help accelerate the development of the UK’s hydrogen economy.”
The project builds on a long-standing relationship between Hynamics UK and Hy24. Pierre de Raphélis-Soissan, CEO of Hynamics UK, commented: “I am delighted with this partnership with Hy24, which marks a new stage in the development of Hynamics’ projects in the United Kingdom. This agreement is a continuation of the relationship of trust that has been built up over several years. Our MoU is in line with the Clean Industrial Strategy presented by the British government in June 2025 and is a testimony to the potential for cooperation between industrial and financial players across the Channel.”
The Fawley project represents a significant step toward expanding the UK’s hydrogen economy, supporting industrial decarbonization, and fostering collaboration between financial and industrial stakeholders. By leveraging advanced hydrogen production technology, the initiative aims to contribute to sustainable energy goals while meeting the needs of major industrial partners like ExxonMobil.
