BP and Thyssenkrupp in hydrogen supply pact
Oil major signs MoU with German steelmaker to supply low-carbon hydrogen and support growth of green steel
BP has signed a memorandum of understanding with Thyssenkrupp aimed at supplying low-carbon hydrogen and renewable power to the German steelmaker. The two companies have agreed to explore long-term supply options for both blue and green hydrogen—as well as wind and solar power under power-purchase agreements—to enable Thyssenkrupp to cut emissions by replacing blast furnaces with hydrogen-fired direct-reduced iron (DRI) technology. Thyssenkrupp’s steel operations account for 2.5pc of Germany’s CO₂ emissions, with the main source being the blast furnaces at its Duisburg site, BP says. The company is aiming to produce 400,000t/yr of CO₂-reduced steel by 2025. Its currently produces a total of

Also in this section
4 July 2025
Race is on to meet end-2027 deadline for 45V as Congress passes One Big Beautiful Bill Act
1 July 2025
Gas industry and EU politicians pile pressure on European Commission to provide more regulatory certainty on emissions calculations
27 June 2025
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
26 June 2025
Last year was one of records for renewables but also for oil, gas and coal, as the energy transition progresses in an increasingly uneven way, according to the Energy Institute’s latest annual report