BP plc
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Article archive for BP plc;
BP announced on January 18 that it would evaluate the feasibility of building a new hydrogen hub in Wilhelmshaven, Germany. The project is expected to include an ammonia cracker which could provide up to 130,000 tons of low-carbon hydrogen from green ammonia, per year, from 2028....
In a move that will expand and accelerate the growth of its strategic bioenergy business, BP announced that it has agreed to acquire Archaea Energy Inc., a producer of renewable natural gas (RNG) in the US. The agreed acquisition, which is subject to regulatory and Archaea shareholder approval, will be for $3.3 billion (£2.9bn) in cash, as well as around $800 million (£717m) of net debt....
BP announced on February 27 that it will exit its 19.75% shareholding in Rosneft and that two BP-nominated directors will also resign from the Russian oil company’s board with immediate effect. In a similar move, Equinor also announced on February 28 that is has decided to stop new investments in Russia, and to start the process of exiting Equinor’s Russian Joint Ventures....
bp confirmed plans on November 29 for a new large-scale green hydrogen production facility in the northeast of England that could deliver up to 500Mwe (megawatt electrical input) of hydrogen production by 2030. HyGreen Teesside is expected to match production to demand and build on experience to drive down costs. bp is aiming to start production by 2025, with an initial phase of some 60MWe of installed hydrogen production capacity....
bp has successfully completed an autonomous vehicle trial at its Lingen refinery in Germany, working with Oxbotica....
INEOS and BP have both announced new hydrogen projects in recent weeks as industries continue to invest in green hydrogen as part of a worldwide drive towards a zero-carbon future. INEOS launched a new business on November 9 to develop and build Clean Hydrogen capacity across Europe, while BP announced a joint project with Ørsted to develop green hydrogen in Germany....
A worker was injured during an incident involving hydrogen fluoride at BP’s Rotterdam Refinery on November 14. BP said that the release of hydrogen fluoride occurred late at night and led to one person receiving immediate treatment on-site....
BP, Eni, Equinor, Shell, Total, and the UK’s National Grid have formed a new partnership, the Northern Endurance Partnership (NEP), to develop the offshore infrastructure to transport and store millions of tonnes of carbon dioxide (CO2) emissions safely in the UK North Sea....
BP and Equinor announced a new strategic partnership on September 10 that will see the two energy majors develop offshore wind projects in the US. This includes the development of existing offshore wind leases on the US East coast and jointly pursuing further opportunities for offshore wind in the US....
BP announced on June 29 that it had reached an agreement to sell its global petrochemicals business to INEOS for $5 billion (£4bn). The sale is the next strategic step in reinventing BP, strengthening its balance sheet, and delivering its target for divestments a year early, the energy major said in a statement. Under the terms of the agreement, INEOS will pay BP a deposit of $400 million (£323m) and will pay a further $3.6 billion (£2.9bn) on completion.