BP, Oersted to Develop Green-Hydrogen Project at German Refinery
November 10 2020 - 3:00AM
Dow Jones News
By Jaime Llinares Taboada
BP PLC said Tuesday that it is partnering with Oersted AS to
develop a project for industrial-scale production of green hydrogen
at BP's Lingen refinery in Germany.
The oil major said green-hydrogen output will be achieved
through the electrolysis of water using renewable power, producing
zero emissions.
The two companies intend to build an initial 50-megawatt
electrolyzer, which will be powered by an Oersted offshore wind
farm in the North Sea. The electrolyzer is expected to produce
almost 9,000 metric tons of green hydrogen a year, enough to
replace around 20% of the grey hydrogen--which is created using
natural gas--currently used in the refinery.
"Bringing together Oersted and BP, Lingen Green Hydrogen offers
the opportunity both to accelerate significant emissions reduction
in our refinery and build experience of large-scale green-hydrogen
production and deployment," BP's Executive Vice President for Gas
and Low Carbon Dev Sanyal said.
BP and Oersted are planning to make a final investment decision
in early 2022, and expect the project to be operational by
2024.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
November 10, 2020 02:45 ET (07:45 GMT)
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