BP, Iberdrola Team Up on 25-MW Green Hydrogen Plant in Spain
(Reuters) — Spanish renewable power company Iberdrola and Britain's BP said on Thursday they had agreed to build a 25-megawatt green hydrogen plant in Castellon, on Spain's eastern coast.
The project, which will benefit from a 15-million-euro ($16.5 million) EU subsidy, is designed to help BP reduce the carbon footprint of its oil refinery located in Castellon, the two companies said in a joint statement.
BP and Iberdrola will each finance half of the project, but they did not disclose the cost of building the plant.
Green hydrogen production uses electricity from renewable power plants, such as wind and solar, to separate hydrogen from water through electrolysis and is part of Europe's strategy to tackle carbon emissions and improve energy security.
($1 = 0.9071 euros)
Related News
Related News

- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- DOE Considers Cutting Over $1.2 Billion in Carbon Capture Project Funding
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Newsom Seeks to Aid Struggling Refiners Following Valero’s California Exit
Comments