“We’ve been clear in our recent strategy reset announcement that we’re focused on high-graded projects in hydrogen and carbon capture, prioritising 5-7 projects for this decade,” BP told H2 View. “Therefore, we are no longer...
The new project extension is expected to be valued at €10.6m ($11.15m), adding to the original scope of €19.8m ($20.8m).
Having never logged a profit in its 28-year history, the company sits on an accumulated deficit of $6.6bn.
Hydrogen from the 20MW HySynergy facility will help decarbonise Crossbridge Energy’s refinery operations.
Located at Sines Refinery, the electrolyser is set to begin production in 2026, delivering up to 15,000 tonnes of green hydrogen annually and becoming one of the “first” operational units of its scale in Europe.
Atome must sign a binding offtake agreement and EPC contract and finalise lending agreements to secure the funds.
Just five years ago, bp planned to cut its oil and gas production by 40% by 2030, while ramping up renewables investments.
Sarah Kimpton, Vice-President and low carbon lead, UK and Ireland, Energy Systems at DNV, highlights the challenges facing the UK in meeting its carbon capture and clean hydrogen goals.
Once operational, Plug’s total liquid hydrogen production capacity will increase to 39 tonnes per day.
Uniper and its project partner EWE expect the electrolyser to produce around 2,700 tonnes of green hydrogen per year in its first phase.
