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 🧪 Trump List Of Saved Projects Spares $5 Billion Hydrogen Hubs ✈️ eFuels SEA Brings Infinium eSAF Technology To Southeast Asia 💰 XCF Global, Inc. Announces Receipt Of $10 Million...
Inside This Issue ⏸️ Microsoft's Carbon Removal Pause Puts A One-Buyer Market To The Test 🧱 Verde Developing Environmental Product Declaration (EPD) For Its Engineered Biochar In Road Materials 🌲 ...
Inside This Issue 🌽 Kansas Ethanol Plant Gets EPA Green Light for CCS 🔋 Hydrexia Inks Hydrogen Commercial Contract in Vietnam ⏸️ Microsoft Staff Tell Some Carbon Capture Companies It’s Pausing Dea...
ExxonMobil Plans Major Carbon Storage Project In Southeast Texas
ExxonMobil plans a carbon capture project in Southeast Texas, pending state approval, aiming to store CO2 underground across 25,000 acres safely. JEFFERSON COUNTY, Texas — ExxonMobil is planning a...
Vancouver, BC, Canada, April 17, 2026 (GLOBE NEWSWIRE) -- Global Power Solutions Corp. (TSX Venture Exchange: PWER; Frankfurt Stock Exchanges: NJA) (“Global Power” or the “Company”) is pleased to a...
HOUSTON, TX / ACCESS Newswire / April 17, 2026 / XCF Global, Inc. (Nasdaq:SAFX) ("XCF"), an emerging player in decarbonizing the aviation industry through sustainable aviation fuel ("SAF"), togethe...
KAOHSIUNG, April 16, 2026 /PRNewswire/ -- As global industries accelerate toward the dual goals of AI transformation and net-zero carbon emissions, the Metal Industries Research and Development Cen...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.