BAKU, Azerbaijan, May 3
By Leman Zeynalova - Trend:
BP will be engaged in a large green hydrogen project in Spain, Trend reports citing Enagas company, which is also taking part in this process.
BP, Iberdrola and Enagás have agreed to study the development of the first phase of the largest green hydrogen production project in the Valencian Community, which would be developed at bp's plant in Castellón.
The companies will assess the installation of a 20 megawatt (MW) electrolyser for the generation of green hydrogen on land owned by BP. The electrolyser would run on renewable energy produced by a 40 MW photovoltaic plant and by other sources of generation.
This new project would make it possible to replace grey hydrogen —which the BP refinery in Castellón uses in its processes to produce biofuels— with green hydrogen. This would reduce CO2 emissions by up to 24,000 tonnes per year, thus having a major impact on decarbonising the plant.
The 20 megawatt (MW) electrolyser could start operating in 2023, with an investment of approximately 90 million euros. In subsequent phases, the electrolysis capacity could be increased to 115 MW, making it the largest green hydrogen generation project in the refining sector in Spain and the most ambitious one in the Autonomous Community of Valencia.
In addition to the electrolyser, the project could be an incentive to draw estimated additional investment of around 70 million euros in new renewable energy facilities, to make a significant contribution to the economy and industry of the area, and creating high quality, value-added jobs.
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