A project is already underway at BP’s Castellon refinery
BP and Iberdrola in green hydrogen alliance
Companies plan to form joint venture to develop projects across Spain, Portugal and the UK
BP and Spanish energy company Iberdrola say they intend to form a joint venture (JV) to develop up to 600,000t/yr of green hydrogen production, coupled with newly installed renewable power capacity, at various hubs across Spain, Portugal and the UK. The JV, which is expected to be finalised by the end of this year, would also include production of derivatives such as green ammonia and methanol, potentially for export into northern Europe. The two companies would also potentially look to develop green hydrogen production in other regions. The alliance would combine Iberdrola’s track record in renewables development and its global customer base with BP’s experience in gas processing, knowledge
Also in this section
5 December 2025
European Commission highlights rapid growth of Chinese production this year, as it retains strict procurement rules in latest European Hydrogen Bank subsidy auction
2 December 2025
Oil major cites deteriorating demand and a planning debacle as it abandons one of UK’s largest blue hydrogen projects
1 December 2025
Project at Emden in northwest Germany due online in 2027, but wider ramp-up of clean hydrogen sector in Germany will require overhaul of government policy, company warns
25 November 2025
The northwest African country’s vision of integrating green power, molecules and steel is alive and kicking, and serves as a reminder of hydrogen’s transformative potential
