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  • BP is teaming up with Danish Wind Power group fostered to develop zero carbon hydrogen BP senior vice president for hydrogen Louise Jacobson Plett today, BP and or Stead are announcing an exciting new project to develop green hydrogen.

  • This is significant because it would replace 20% of the fossil fuel based hydrogen we used today at the refinery.

  • It's the oil majors first full scale project in a sector that is expected to grow rapidly over the next few years.

  • Currently, hydrogen is mostly used in the industrial sector to manufacture of petroleum products at refineries.

  • But the U and countries around the world are promoting the use of hydrogen made from renewable sources to reduce greenhouse gas emissions.

  • Green hydrogen is produced via electrolysis.

  • Three electricity used in the process comes from renewable sources like wind and solar.

  • The BP, or stirred project, will produce green hydrogen at a refinery in northwest Germany powered by an offshore wind farm in the North Sea.

  • In its statement, BP said it initially aims to build a 50 megawatt electoral Isar to replace 20% of natural gas based hydrogen at the plant.

  • The zero emission production is expected to start in 2024.

  • The learning that we expect to gain from this will not only support with driving costs down for a green hydrogen, but has a wider impact to the refinery and overall, BP's business.

  • But green hydrogen remains much more expensive than natural gas based or gray hydrogen.

  • Reducing the cost of production will be key to its expansion.

BP is teaming up with Danish Wind Power group fostered to develop zero carbon hydrogen BP senior vice president for hydrogen Louise Jacobson Plett today, BP and or Stead are announcing an exciting new project to develop green hydrogen.

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