bp: two Emirati partners for hydrogen projects

(CercleFinance.com) - bp has announced that it has strengthened its strategic partnership with the UAE groups ADNOC and Masdar, which will join its H2Teesside blue hydrogen project and its HyGreen Teesside green hydrogen project, respectively, in the North East of England.


ADNOC will take a 25% stake in the design phase of the H2Teesside project, its first investment in the UK. H2Teesside consists of the development of two 500 MW hydrogen production units by 2030.

Masdar has signed a memorandum of understanding to acquire a stake in the HyGreen Teesside project, which is expected to produce 60 MWe (megawatts of electrical input) of hydrogen at its start-up in 2025, rising to 500 MWe by 2030.


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