Adnoc takes 25pc stake in H2Teesside design
Announcement is part of a series of agreements between BP and UAE firms to work together on hydrogen projects
Abu Dhabi’s state-owned Adnoc will take a 25pc stake in the design stage of BP’s H2Teesside blue hydrogen project in northern England, marking its first investment in the UK. As part of the same deal, BP and Adnoc will conduct a joint feasibility study for a 1GW blue hydrogen project in the UAE. Meanwhile, Abu Dhabi’s state-owned renewable energy company, Masdar, has signed a memorandum of understanding to acquire a stake in BP’s proposed Hygreen Teesside green hydrogen project. In addition, Adnoc, BP and Masdar have all agreed to work with Abu Dhabi Waste Management Centre and airline Etihad Airways to explore the production of sustainable aviation fuels from hydrogen and municipal waste ga
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