bp acquires major stake in 2.7GW hydrogen project in Oman
bp has revealed it will acquire a 49% stake in a 2.7GW hydrogen and ammonia production project in Oman, dubbed Hyport Duqm.
bp has revealed it will acquire a 49% stake in a 2.7GW hydrogen and ammonia production project in Oman, dubbed Hyport Duqm.
During Air Products’ Q3 earnings call, CEO Seifi Ghasemi reiterated that the company wants to demonstrate a demand for hydrogen before it takes a final investment decision (FID) on any new major projects.
Mitsubishi Heavy Industries (MHI) has issued a ¥10bn ($67m) bond to finance its energy transition initiatives, which include low-carbon hydrogen and ammonia production.
RWE has agreed to support UK Oil & Gas’ (UKOG) underground hydrogen storage projects in Dorset and Yorkshire, the UK.
Ion Fuel LLC has developed a hydrogen-fuelled barbeque system, capable of producing hydrogen on-site.
Canada has announced it will commit up to CAD $300m ($216m) to support clean hydrogen trade with Germany, reinforcing their joint hydrogen alliance.
Air Products has revealed a $3bn slip in sales in its latest 2024 Q3 earnings call but praised the significant milestone reached in securing the major hydrogen supply deal signed with TotalEnergies.
Source3 Energy X plans to develop a hydrogen hub in British Columbia, Canada, capable of producing up to 50,000 tonnes of hydrogen per year.
Shell has revealed its renewable power generation capacity rose from 6.7GW to 7.1GW in its Q2 2024 results, while sales of pipeline gas decreased to 148Twh.
The US Department of Energy (DOE) will provide $33m to develop solar-based technologies to support the production of renewable fuels such as hydrogen.
