BP, Masdar and Adnoc sign blue hydrogen deal
Firms will work together to develop 1GW H2Teesside project and 1GW facility in Abu Dhabi
BP has signed a deal with the UAE’s state-owned Adnoc and Masdar to develop 2GW of blue hydrogen production in the UK and the UAE. The agreement will see the Emirati firms collaborating on developing the H2Teesside 1GW blue hydrogen facility—on which BP is the lead developer. The other 1GW blue hydrogen facility would be located in the UAE, although a specific project has not been outlined. “By partnering with the visionary leaders of Adnoc and Masdar, we see a massive business opportunity to generate the clean energy the world wants and needs,” said BP CEO Bernard Looney, speaking at a state visit of Abu Dhabi crown prince Sheikh Mohamed bin Zayed al-Nahyan to the UK. 2GW – Total size
Also in this section
19 December 2024
More must be done to lower the cost of green hydrogen and its derivatives
18 December 2024
Central Asian country’s vast wind and solar resources have attracted a $50b electrolytic hydrogen mega-project aimed at exporting to Europe
17 December 2024
Sultanate prepares to offer international hydrogen project developers more land concessions but refines auction design as global industry sentiment cools
17 December 2024
Siemens Energy and Air Liquide collaborate on first commercial-scale electrolyser to be deployed at an industrial site in Europe