By Jaime Llinares Taboada


BP PLC said Monday that it is planning a major green hydrogen project in Teesside, in the northeast of England.

The HyGreen Teesside project could deliver up to 500 megawatts of electrical input of hydrogen production by 2030, the oil-and-gas company said. The facility is to be developed in multiple stages, and BP is aiming to start production by 2025 with an initial phase of around 60 megawatts.

A final investment decision on the project is expected in 2023, BP said.

HyGreen Teesside is in addition to BP's already-proposed H2Teesside blue hydrogen project. Blue hydrogen is produced using natural gas and capturing the emissions generated in the process, whereas green hydrogen uses renewable power.

"Low-carbon ‎hydrogen will be essential in decarbonizing hard-to-abate industrial sectors including heavy transport. ‎Together, HyGreen and H2Teesside can help transform Teesside into the U.K's green heart, ‎strengthening its people, communities and businesses," Louise Jacobsen Plutt, BP's senior vice president for hydrogen and CCUS, said.

HyGreen Teesside and H2Teesside together could deliver 30% of the U.K.'s target of developing 5 gigawatts of hydrogen production by 2030, BP said.


Write to Jaime Llinares Taboada at; @JaimeLlinaresT


(END) Dow Jones Newswires

November 29, 2021 03:22 ET (08:22 GMT)

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