BP Plans U.K.'s Largest Blue Hydrogen Production Site in Teesside
March 18 2021 - 4:21AM
Dow Jones News
By Jaime Llinares Taboada
BP PLC said Thursday that it is planning to build the U.K.'s
largest blue hydrogen production facility.
The British oil major said it has begun a feasibility study into
the project, which targets 1 gigawatt of hydrogen production by
2030 and would be located in Teesside.
"With close proximity to North Sea storage sites, pipe corridors
and existing operational hydrogen storage and distribution
capabilities, the area is uniquely placed for H2Teesside to help
lead a low carbon transformation, supporting jobs, regeneration and
the revitalisation of the surrounding area," BP said.
A final investment decision is expected in 2024, and production
could begin in 2027, BP said.
Blue hydrogen is produced by converting natural gas into
hydrogen and carbon dioxide, which is then captured and permanently
stored.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
March 18, 2021 04:06 ET (08:06 GMT)
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