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11/10/2020, 3:13 PM (Source: TeleTrader)
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BP, Orsted sign deal for green hydrogen production

British multinational oil and gas company BP Plc and Danish multinational power company Orsted A/S signed a Letter of Intent (LOI) on Tuesday to develop a ‎project for industrial production of green hydrogen made by the electrolysis of water using ‎renewable power while producing zero emissions.

Two companies plan to build an initial 50 ‎megawatt (MW) electrolyzer and the infrastructure at BP’s Lingen Refinery in northwest Germany that will be powered by renewable energy generated by an Orsted offshore ‎wind farm in the North Sea while the produced hydrogen will be used in the refinery.‎

BP’s executive vice president, gas & low carbon energy Dev Sanyal stated: "Bringing together Ørsted ‎and bp, Lingen Green Hydrogen offers the opportunity both to accelerate significant ‎emissions reduction in our refinery and build experience of large-scale green hydrogen ‎production and deployment."

Breaking the News / TF