Published by Todd Bush on December 20, 2024
bp has announced its final investment decision for the “Lingen Green Hydrogen” project, a major step forward in the industrial-scale development of green hydrogen in Germany. Supported by funding from the Important Projects of Common European Interest (IPCEI) programme, the 100 MW facility is expected to produce up to 11,000 tonnes of green hydrogen annually upon completion.
>> In Other News: Federal Energy Regulators to Assess Environmental Risks of Funding Northwest Hydrogen Hub
The plant, located adjacent to bp’s Lingen refinery, will connect directly to Germany’s hydrogen core network. It will be bp’s largest industrial-scale green hydrogen production facility worldwide and the first to be wholly owned and operated by the company. The green hydrogen will be supplied to bp’s refineries and industrial customers in the region, playing a crucial role in decarbonising production processes and supporting Germany’s energy transition goals.
Renewable electricity to power the electrolyser will be sourced through an offshore wind power purchase agreement (PPA), aligning with bp’s broader renewable energy strategy.
Patrick Wendeler, CEO of BP Europa SE, highlighted the project’s significance, stating: “This decision is excellent news for bp and the ramp-up of the hydrogen economy in Germany. The support from the federal government and the state of Lower Saxony through IPCEI funding has been instrumental in advancing this project. Lingen Green Hydrogen exemplifies bp’s disciplined and strategic approach to investing in hydrogen projects.”
Felipe Arbelaez, bp’s Senior Vice President for Hydrogen and CCS, underscored its value in emission reduction, saying:“This is another powerful example of how we can drive a lower-emission hydrogen future by collaborating with governments. Projects like Lingen Green Hydrogen create value for the region, partners, customers, and bp — including our refineries — while contributing to decarbonisation and supporting the transition to cleaner energy solutions.”
The project has secured funding through the IPCEI Hy2Infra Wave, designed to support the growth of the hydrogen industry across Europe. This investment aligns with bp’s broader strategy to expand hydrogen and carbon capture and storage initiatives, with plans for five to ten major projects globally by 2030.
Construction is scheduled to begin in 2025, with operations expected to commence by 2027. The project reinforces bp’s role as a leading player in Europe’s transition to a sustainable hydrogen economy.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🌏 A Bold Transpacific Alliance: ExxonMobil and Marubeni Power a Cleaner Future with Low-Carbon Ammonia 💰 Aker Carbon Capture Has Decided to Sell Its 20 Percent Ownership Interest...
Inside This Issue 🌊 NYK Partners With Climeworks to Remove CO₂ Through Diverse Carbon Removal Solutions 🛠️ First Public Hydrogen (FPH2) Appoints Ernesto Medrano to Board of Directors 💡 Kinetics Ac...
Inside This Issue 📊 Trading Carbon Right: Why Credit Quality Matters More Than Ever ☀️ SunHydrogen Contracts The Process Group for Front-End Engineering Design of 25m2 Renewable Hydrogen Pilot Pla...
Canada’s Bold Path to Net-Zero: How the Pathways Alliance Is Reshaping Oilsands and Carbon Capture
A united front for a cleaner future In Canada’s race to reach net-zero emissions by 2050, few initiatives carry as much weight—or as much promise—as the $16.5 billion carbon capture and storage (C...
Project Hajar Earns Top XPRIZE Carbon Award for Direct Air Capture and Storage in UAE
Project Hajar, a joint initiative by 44.01 and Aircapture, has been named the strongest performer in the Air category of the XPRIZE Carbon Removal competition, earning a \$1 million award. The proj...
BKV Corporation (“BKV” or the “Company”) (NYSE: BKV) today announced the formation of a strategic joint venture (the “JV”) between BKV dCarbon Ventures, LLC (“dCarbon Ventures”), BKV’s wholly-owned...
Microsoft Expands World’s Largest Carbon Removal Deal with Stockholm Exergi to 5M Tonnes
World’s largest annual CDR delivery deal: Microsoft'’s expanded agreement now totals 5.08M tons, with 500,000 tons captured annually. $1.3B BECCS facility operational by 2028: Stockholm Exergi’s p...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.