BP to develop AREH in two phases
Initial phase will target domestic supply, before project looks to export internationally from the end of the decade
BP’s Asian Renewable Energy Hub (AREH) in Western Australia (WA) will initially produce green hydrogen for domestic consumption before targeting exports in a second phase. The oil major completed its acquisition of a 40.5pc share in the project, which has planning consent for 15GW of wind and solar capacity during, the most recent quarter. BP hopes to take FID in 2025, from which date the project will initially operate as a domestic provider of renewable energy and green hydrogen to the local mining industry. From the end of the decade, BP—which is also operator of AREH—will look to target export markets to international customers from the deepwater ports of Dampier and Port Hedland. “The do
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
15 November 2024
Danish electrolyser firm stays focused on US expansion plans amid policy uncertainty in wake of Republican election victory