BP Secures Funding for Advanced Green Hydrogen Plant in Germany
BPBP(BP) ZACKS·2024-07-17 23:40

BP Plc (BP) has secured funding to advance the development of a groundbreaking green hydrogen plant at its Lingen refinery, marking the first fully owned and operated green hydrogen facility by the U.K. oil major.The project is poised to significantly contribute to Germany's ambitious energy transition plans by reducing the reliance on natural gas and coal.The innovative hydrogen plant will utilize a 100-MW electrolyzer capable of producing 10-11 kilotons of green hydrogen annually. This hydrogen will be ge ...