BP is continuing its commitment to hydrogen energy in Australia, despite current market hurdles.
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Technip Energies has been entrusted with designing a low-carbon hydrogen facility for bp in the United Kingdom.
Costain has been awarded a front-end engineering and design (FEED) contract by BP for the development of an onshore hydrogen distribution network in Teesside.
BP’s recent moves in Teesside highlight a paradox in the company’s energy strategy. While the oil major is pushing forward with the H2 Teesside project, one of the UK’s largest blue hydrogen facilities, it has simultaneously scaled back its broader green agenda.
BP has acquired a 49% interest in the Hyport green hydrogen project in Oman from the state-owned energy group OQ and Belgium’s Dredging, Environmental and Marine Engineering NV (DEME).
BP’s CEO Murray Auchincloss recently announced the company’s plans to develop five to ten low-carbon hydrogen projects within this decade.
BP has entered into a Joint Development Agreement (JDA) with the UAE’s Masdar, Egypt’s Hassan Allam Utilities, and Infinity Power to explore the development of a multi-phase green hydrogen project in Egypt.
BP Plc’s green hydrogen project in Oman is currently in the concept development stage.
Hysata, a player in the hydrogen sector, has recently secured a significant $111 million in Series B fundraising. Led by bp Ventures and Templewater, the investment is earmarked for expanding production capacity and advancing technology development.
Johnson Matthey (JM) disclosed that DG Fuels has opted for its Fischer Tropsch (FT) CANS technology for its maiden sustainable aviation fuel (SAF) production plant in Louisiana. Developed alongside bp, JM’s technology is set to be deployed on a scale seven times greater than any preceding project.
