British oil and gas company BP has signed a joint development agreement with Hydrogen Chemistry Company (HyCC) to further develop H2-Fifty, a 250MW green hydrogen plant in the port area of Rotterdam, Netherlands.
The companies signed the agreement following a feasibility study, which suggested the project could make a ‘critical’ contribution to decarbonising industry in the region.
H2-Fifty will produce green hydrogen to act as a replacement for the fossil-based feedstock used at BP’s Rotterdam refinery and other industries in the port area.
The two companies plan to develop the plant at Maasvlakte and choose a technology supplier within the next year.
BP and HyCC will also further develop the plant design and begin environmental studies for the licensing process.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataSee Also:
A final investment decision for the plant is due to be made next year.
BP Green Hydrogen Solutions vice-president James Patterson said: “Bringing HyCC and BP together, in collaboration with the Port of Rotterdam Authority, provides the H2-Fifty project with the opportunity to both accelerate significant emission reductions for our refinery and for our customers.
“We will use our integration expertise to help build and deploy green hydrogen at scale and H2-Fifty is one of the pillar projects supporting BP’s hydrogen ambition.”
Once completed, H2-Fifty will have the potential to reduce carbon emissions by up to 350,000t a year, supporting the Netherlands and European Union’s objectives to make the industry more sustainable and develop green hydrogen technology.
The project is also backed by the Topsector Energy (TSE), a Dutch government initiative to encourage public and private cooperation on energy innovation.
The Dutch government has nominated the project to take part in the Important Projects of Common European Interest (IPCEI) Hydrogen programme.
In November last year, BP announced plans to develop a green hydrogen project in the north-east of England, which will produce fuel for hydrogen-powered vehicles.
