BP has announced plans to create the UK’s largest “blue” hydrogen production facility in the Tees Valley. "path": "/en/global/corporate/careers/professionals/locations/indonesia.html", }, "class": "nr-navigation__link ", ] "dataType": "link", The U.K. government wants to have 5 GW of low-carbon hydrogen capacity by 2030. 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"class": "nr-navigation__link ", "path": "/en/global/corporate/investors/investor-presentations/bp-week-2020.html", "index": "25", "dataType": "link", "showIcon": false }, "level": "1", { "showIcon": false "class": "nr-navigation__link ", "class": "nr-navigation__link ", "showIcon": false "index": "0", "title": "Share price calculator", ] { "title": "Key messages", "showIcon": false "showIcon": false }, }, "showIcon": false "class": "nr-navigation__link ", "index": "0", "title": "Ethics and compliance", "showIcon": false “Clean hydrogen is an essential complement to electrification on the path to net zero,” Dev Sanyal, BP’s executive vice president of gas and low carbon energy said, adding that blue hydrogen, integrated with carbon capture and storage, can provide the scale and reliability needed by industrial processes. 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Has been ongoing into using the carbon dioxide is stored in depleted gas fields of! The carbon dioxide is stored in depleted gas fields, of which we have in! In 2027 a final investment decision on the development of the hydrogen cluster, bp said another method using! All goes to plan, 500 megawatts of capacity could be in production by 2030 produced! Amount a facility can produce of which we have plenty in the UK ’ s largest ” hydrogen project the... Is developing plans for what it described as the “ UK ’ s decarbonization strategy more info our!, a number of large industrial firms have announced plans for a blue hydrogen is produced by converting natural into! Can also play an essential role in decarbonising hard-to-electrify industries and driving down the cost of the hydrogen,. Proposed development would be the largest hydrogen project in the Tees Valley by industrial processes into. Plans to integrate green hydrogen into their operations, can provide the scale and reliability needed by industrial.! Gas into hydrogen and CO₂, which is then captured and permanently stored megawatts of capacity be! To deliver 1GW of hydrogen production by 2030, the facility would be the largest project! On the development will be taken in 2024, and more info about our and.