The pursuit of sustainable energy solutions is reaching new heights as BP, the renowned energy giant, invests in Advanced Ionics, a startup focused on transforming the landscape of green hydrogen production. This strategic move, driven by BP Ventures, is poised to significantly reduce the production costs of zero-carbon hydrogen by harnessing cutting-edge technology.
BP, one of the world’s major energy companies, is making significant strides in its hydrogen journey, with a rapidly growing hydrogen project pipeline.
BP, one of the world’s largest oil giants, presents its vision on the future of hydrogen in its recent report titled “Energy Outlook 2023.”
BP has become the first energy company to establish a securities company in Spain, allowing it to offer financial solutions focused on energy derivatives to professional and eligible clients within the European Economic Area.
KBR Inc. has secured the primary integrated project management contract across BP’s global hydrogen project portfolio, according to an announcement made by the Houston-based company.
KBR has been chosen as BP’s main integrated project management contractor for its whole portfolio of international hydrogen projects.
The Aberdeen Hydrogen Hub, a joint venture between bp and Aberdeen City Council, has submitted a planning application for the construction of a green hydrogen production and vehicle refueling facility powered by a purpose-built solar farm.
The first phase of BP’s plans to decarbonize its Castellón refinery and turn it into a centre for the generation of green hydrogen and biofuels for industries including aviation calls for an expenditure of €2,000,000,000 through 2027.
BP wants Castellón, Spain, to be one of its reference sites for the production and export of hydrogen and biofuels.
According to BP CEO Bernard Looney, the company intends to increase its pipeline of hydrogen projects from the 1.8 million t/yr it is now working on by the end of this year.
