BP CEO Murray Auchincloss
30 July 2024
BP takes FID on Spanish green hydrogen project
Oil major proceeds with small portion of HyVal project at Spanish refining complex
BP has taken FID on the deployment of an initial 25MW of electrolyser capacity at its Castellon refining complex in the Valencia region of Spain. The capacity forms part of the HyVal green hydrogen cluster, which the oil major is developing together with Spanish energy firm Iberdrola. The project could ultimately be scaled up to 2GW at a cost of €2b ($2.16b), according to plans set out by BP last year. “We are taking our first FID to develop and produce industrial scale green hydrogen at our Castellon refinery,” BP CEO Murray Auchincloss said in the oil major’s latest quarterly earnings presentation. Plans unveiled in February 2023 called for a first phase of 200MW to be deployed by 2027, wi
Also in this section
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
2 February 2026
As a fertiliser feedstock, it is indispensable, but ammonia’s potential as a carbon-free energy carrier is also making it central to global decarbonisation strategies
