MOSCOW (MRC) -- BP has announced plans for the UK’s largest hydrogen project, which would produce 1GW of the national target by 2030 in Teesside, said the company.
The proposed facility in Teesside would produce up to 1GW of “blue” hydrogen by 2030 – 20% of the UK’s overall target – supporting the development of the region as a hydrogen transport hub. Named H2 Teesside, the site would capture and send for storage up to two million tonnes of Co2 per year, equivalent to capturing emissions from the heating of one million UK households.
BP said this would be a significant step in developing its hydrogen business, and make a significant contribution to the UK government’s production targets. The firm said the regions close proximity to North Sea storage sites and infrastructure means in its “uniquely placed” for H2 Teesside to help lead the low carbon transformation. Tees Valley mayor Ben Houchen said it would lead to “clean, high skilled, well paid jobs”.
A final investment decision is scheduled for early 2024, and production could begin in 2027 or earlier. BP said the scheme would “support thousands of jobs“.
Dev Sanyal, executive vice president of gas and low carbon energy at BP, said: “Clean hydrogen is an essential complement to electrification on the path to net zero. Blue hydrogen, integrated with carbon capture and storage, can provide the scale and reliability needed by industrial processes.
“It can also play an essential role in decarbonising hard-to-electrify industries and driving down the cost of the energy transition." BP has also signed agreements with Venator to scope the supply of clean hydrogen to its flagship Teesside plant, and with Northern Gas Network to work on decarbonising gas networks in the UK.
As a separate initiative, BP has signed an MoU with Tees Valley Combined Authority (TVCA) to explore green hydrogen in the region, including making the Teesside the UK’s first hydrogen transport hub.
As per MRC, Rosneft will jointly develop its hydrogen business with BP. Together they will study the prospects for new projects using renewable energy sources (RES), as well as the use of technologies for capturing, utilizing and storing CO2.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 241,030 tonnes in January 2021 versus 217,890 tonnes a year earlier. Only shipments of low density polyethylene (LDPE) and high density polyethylene (HDPE) increased. At the same time, PP shipments to the Russian market reached 141,870 tonnes in January 2021 versus 123,520 tonnes a year earlier. Supply of homopolymer PP and PP block copolymers increased.
BP plc (until May 2001 - British Petroleum) is a British oil and gas company, the second largest publicly traded oil and gas company in the world.
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