BP sees hydrogen portfolio doubling by year-end
Oil major retains heavy focus on use of low-carbon hydrogen at its refineries and eyes tanker fuel market
BP expects to nearly double its pipeline of low-carbon hydrogen projects by the end of this year as it grows its portfolio with a continued focus on applications at its own refineries. “In hydrogen and renewables and power we are progressing our global portfolio of projects,” Chief Financial Officer Murray Auchincloss said in the company’s first quarter earnings presentation. “We are on-track to nearly double our hydrogen pipeline by year-end from 1.8mn t/yr at the end of 2022 to around 3.5mn t/yr. And we continue to grow our renewables pipeline.” “We are on-track to nearly double our hydrogen pipeline by year-end from 1.8mn t/yr at the end of 2022 to around 3.5mn t/yr” Auchincloss, BP
Also in this section
28 March 2024
Investment landscape is firming up in North African country with potential to become one of the world’s major exporters
22 March 2024
German energy firm and Canada-based Pattern Energy aim to ship green ammonia to Hamburg in latest move to secure imports to Europe’s largest economy
22 March 2024
French company prepares for commercial launch of underground storage system to be deployed at green hydrogen production and consumption sites
21 March 2024
Region has competitive edge in low-carbon hydrogen, but infrastructure and export challenges are key roadblocks to overcome