bp and Ørsted signed a Letter of Intent (LOI) to work together to develop a project for industrial-scale production of green hydrogen via the electrolysis of water using renewable power, producing zero emissions. In their proposed Lingen Green Hydrogen project, the two firms intend to build an initial 50 megawatt (MW) electrolyzer and associated infrastructure at bp’s Lingen Refinery in north-west Germany. This will be powered by renewable energy generated by an Ørsted offshore wind farm in the North Sea and the hydrogen produced will be used in the refinery. Lingen Refinery Under their LOI, bp and Ørsted will now work together to further define the project, agree definitive documents and plan to make a final investment decision (FID) early 2022, subject to appropriate enabling policies being in place. The companies anticipate the project could be operational by 2024. Electrolysis splits water into hydrogen and oxygen gases. When powered […]