BP and Ørsted to Create Renewable Hydrogen Partnership in Germany

BP and Ørsted have signed a Letter of Intent (LoI) to work together to develop a ‎project for industrial-scale production of green hydrogen – a significant step in developing ‎BP’s hydrogen business.

Green hydrogen is made by the electrolysis of water using ‎renewable power, producing zero emissions.

In their proposed Lingen Green Hydrogen project, the two firms intend to build an initial 50 ‎megawatt (MW) electrolyser and associated infrastructure at bp’s Lingen Refinery in north-‎west Germany.

This will be powered by renewable energy generated by an Ørsted offshore ‎wind farm in the North Sea and the hydrogen produced will be used in the refinery.‎

Under their LoI, BP and Ørsted will now work together to further define the project, agree ‎definitive documents and plan to make a final investment decision (FID) early 2022, subject ‎to appropriate enabling policies being in place. The companies anticipate the project could be ‎operational by 2024.

Source: Global Energy World