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BP targets double-digit hydrogen returns
The major aims to establish foundations for ‘a material business’ from 2030s, CEO tells investors
Hydrogen growth to accelerate from 2030s – BP
The major’s latest outlook anticipates slow growth for low-carbon hydrogen this decade, with demand expected to rise tenfold between 2030 and 2050 in two of three scenarios
BP plans large-scale ammonia cracker at Wilhelmshaven
Oil major would use existing infrastructure at German port to send hydrogen to consumers in Ruhr industrial region
Western Australia allocates land for five green hydrogen projects
Awards made to Fortescue Metals Group, BP and steelmaker Posco among others
BP to explore Egypt’s green hydrogen potential
The oil major has signed an MoU with the Egyptian government on possible export hub
BP signs green hydrogen MoU with Mauritania
The northwest African nation is increasingly attracting interest from European developers
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
UK backs four blue hydrogen projects for clusters
BP and Equinor among successful bidders as government lines up projects to join fast-track East Coast and Hynet clusters
BP evaluates hydrogen shipping options
Not all customers want fuel in the form of ammonia, says CEO Bernard Looney
BP and Iberdrola in green hydrogen alliance
Companies plan to form joint venture to develop projects across Spain, Portugal and the UK
BP CEO Bernard Looney
BP
Stuart Penson
8 February 2022
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BP’s hydrogen project pipeline hits 700,000t/yr

European oil major confident of policy support as it targets 10pc share of core markets by 2030

European oil major BP has a clean hydrogen project production pipeline of 700,000t/yr, with the potential to expand that figure to 1.3mn t/yr, CEO Bernard Looney said during a strategy update. BP has only formally announced half of this pipeline, he notes. BP aims to leverage its existing refinery demand for hydrogen to create a portfolio of regional supply hubs, with an aim to capture a 10pc share of core markets by 2030, Looney says. The company reported its highest profits for eight years in 2021 on the back of surging energy prices. “We are focused on growing scale in key regionally integrated markets such as the UK, Europe and the US,” he says. “And we are playing to our strengths here.

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