bp and Iberdrola announce final investment decision

bp and Iberdrola have given the green light for construction of a 25 MW green hydrogen project at bp’s Castellón refinery which is expected to be operational in second half of 2026. This is the first hydrogen project jointly undertaken by bp and Iberdrola through Castellón Green Hydrogen S.L., a joint venture equally owned by

India unlikely to achieve targeted 15% share of gas in its energy mix

India is unlikely to meet its goal of increasing the share of natural gas in its energy mix to 15% by 2030, said Spencer Dale, group chief economist, BP Plc. He said industrial use would lead the growth in the natural gas consumption in the country. “In our (outlook) scenarios, the share of natural gas

bp expands its offering in European gas, power and integrated energy solutions

bp has now completed its acquisition of GETEC ENERGIE GmbH, a leading supplier of energy to commercial and industrial (C&I) customers in Germany. Agreement for this deal was announced in January 2024. The acquisition of GETEC ENERGIE GmbH will accelerate the growth of bp’s European gas and power presence, as well as providing opportunities to

BP invests $48.54 mn in Lianyungang Jiaao New Energy

BP will invest Yuan 353 million ($48.54 million) to acquire a 15% stake in Lianyungang Jiaao New Energy, a producer of renewable diesel and sustainable aviation fuels (SAF). The company is owned by Zhejiang-based Jiaao Enprotech. Lianyungang Jiaao New Energy has SAF production capacity of 100,000 tonnes per year, which could become crucial as the

bp commences transition with Kwinana refinery

The former Kwinana oil refinery will be the core of a multi-billion-dollar energy transition plan by BP in Australia.The British oil and gas company’s commitment to the construction of a plant to make renewable diesel and aviation fuel at the site near Fremantle, Western Australia, is due to kick off in earnest next year.BP’s former

BP forays into green hydrogen production

BP, a prominent global player in the oil and gas industry, is actively broadening its portfolio to incorporate green hydrogen—an environmentally sustainable fuel source with the potential to substantially curtail carbon emissions. Green hydrogen production hinges on the electrolysis of water, utilizing electricity derived from renewable sources like wind and solar power. This shift towards

Biofuels comeback will give West a rare energy win

A global drive to replace combustion engines with electric cars has threatened to undermine biofuels. In 2024, planes and ships will open a new avenue for propellants made from food and plant waste. That could offer a lifeline to fossil-fuel majors such as BP (BP.L), TotalEnergies (TTEF.PA) and Eni (ENI.MI) – and benefit the West.

BP to trial new feedstock for SAF

BP will trial carinata plant oil as a new feedstock for sustainable aviation fuel during a seven-day trial in September at its Lingen refinery, Germany, amid an intensifying scramble for limited feedstocks. The site became the first in Germany in February 2022 to manufacture SAF from used cooking oil, the company said. SAF currently commands

 BP eyes Europe, Japan markets

Gobal energy giant BP is optimistic it can export green hydrogen to Europe and Japan by the end of the decade from a repurposed, 70-year-old oil refinery south of Perth. Having completed a study into the feasibility of developing a large-scale energy hub in Kwinana, the company is now eyeing the production of green hydrogen

RIL targets to bring down green hydrogen production cost

Reliance Industries (RIL) is taking major steps to establish green hydrogen production infrastructure in Gujarat, preparing for its ambitious plans to begin fuel production by 2025. According to sources, the company has secured 74,750 hectares of land in Gujarat on a 40-year lease for its green hydrogen project. RIL is actively partnering with original equipment