Published by Todd Bush on March 7, 2025
BP's announcement that it had dropped plans for a green hydrogen plant has been described as "bitterly disappointing."
The multinational had previously sought planning permission to build a power plant in Redcar, which would have produced hydrogen by breaking down water using electricity.
But as part of a shift in strategy away from renewables, the firm has now scrapped the scheme.
Leader of Redcar and Cleveland Borough Council, Alec Brown, said that despite the "blow," BP remained committed to "innovative projects" in the region.
>> In Other News: Amazon’s Climate Pledge Fund Backs Twelve’s $83M Expansion to Scale CO₂ Transformation
BP had previously said the construction of HyGreen would create up to 500 jobs, with the likelihood that the "majority" would be taken by people living in the Middlesbrough and Stockton area.
The electricity used at the plant would have mainly been derived from low-carbon sources, and the hydrogen would have been used by industry.
The firm said it would now be focusing on other projects in the area, including Net Zero Teesside and a blue hydrogen plant.
Brown said: "This is bitterly disappointing news - but we remain optimistic about the future."
He said his administration would support all those, including BP, working on green energy projects in the region.
Brown also said these schemes would "help secure jobs" and have "huge potential."
Prof. Sara Walker, who is leading a UK Research and Innovation (UKRI) project into the integration of hydrogen into the wider energy landscape, said the news was a "blow to the decarbonisation of Teesside and to the overall development of green hydrogen in the UK."
However, she said that the government had backed another green hydrogen project in Teesside, developed by EDF.
Tees Valley Mayor Ben Houchen said the combined authority had seen "incredible progress" in its plan to develop Teesside as a "global centre for green energy," and there remained "huge interest" from investors.
But he did not provide a comment on BP scrapping a scheme he had previously described as a "coup for the region" that would create "well-paid, good-quality jobs."
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
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...
Inside This Issue 🏆 Tri-gen Receives U.S. Department of Energy 2025 Better Project Award ⚡ HyOrc Corporation Unveils Modular Hydrogen Power for a Failing Grid 🌳 Everland in Partnership with BNP Pa...
Statkraft Stops New Development of Green Hydrogen Projects
Statkraft has decided to stop new development of green hydrogen due to increased uncertainty in the market. Parts of the portfolio will be matured before seeking investors to realise the projects. ...
Exxon Agrees to Supply Japan's Marubeni With Low-Carbon Ammonia
Exxon Mobil has signed a long-term agreement to supply 250,000 metric tons of low-carbon ammonia annually to Japanese trading house Marubeni, the U.S. oil producer said on Wednesday, representing E...
Elcogen and Casale SA Collaborate to Drive Innovation in Green Ammonia and Sustainable Energy
Tallinn, ESTONIA, May 07, 2025 (GLOBE NEWSWIRE) -- Elcogen, a leading European manufacturer of technology that enables the efficient production of affordable green hydrogen and emission-free electr...
Synagro and Partners to Test Commercial-Scale High Temperature Pyrolysis Pilot for PFAS Destruction, Syngas Recovery and Biochar Production CHAR Technologies Ltd. ("CHAR Tech" or the "Company") (T...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.