Oil major is building a low-carbon hydrogen portfolio
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
23 December 2025
Government backing and inflow of private capital point to breakthrough year for rising star of the country’s clean energy sector
19 December 2025
The hydrogen industry faces an important choice: coordinated co-evolution or patched-together piecemeal development. The way forward is integrated co-evolution, and freight corridors are a good example
10 December 2025
Project developer Meld Energy ready to accelerate 100MW project in Humber region after securing investment from energy transition arm of private equity firm Schroders Capital
9 December 2025
BP and Engie abandon large-scale green hydrogen projects in Gulf state as developers in all regions continue to struggle with lack of firm offtake
