Oil and gas supermajor BP said on Thursday it had started developing plans for what would be the largest hydrogen project in the UK, aiming to produce 1 GW of blue hydrogen by 2030, as part of its efforts to contribute to industry decarbonization and the UK’s low-carbon energy plans. Blue hydrogen is hydrogen produced by converting natural gas into hydrogen and carbon dioxide, with the CO2 then captured and permanently stored. BP is proposing the development of the H2Teesside project, which would be a significant step in developing BP’s hydrogen business and make a major contribution to the UK Government’s target of developing 5 GW of hydrogen production by 2030, the oil giant said. The project would be located in Teesside in northeast England, with a final investment decision (FID) targeted for early 2024. The project could begin production in 2027 or earlier, said BP, which has already […]