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BP Bets Big on Giant ‘Green Hydrogen’ Project in Australia

Jenny Strasburg and Rhiannon Hoyle of The Wall Street Journal report about BP’s newest hydrogen venture.

The C3 Take
  • BP is taking over a hydrogen project called the Asian Renewable Energy Hub in Australia.
  • The $30 billion project will produce hydrogen fuel with renewable energy via a process called electrolysis.
  • Hydrogen, which releases only water when it’s burned, is a fuel carrier that is gaining attention for its potential to reduce emissions in hard to decarbonize sectors such as steelmaking, trucking, and shipping.
  • Private sector leadership is voluntarily leading the way to a cleaner energy future.

“Remote, sparsely populated Western Australia is a choice spot for green hydrogen development due to abundant sun, high winds and proximity to the ocean for shipping and seawater that developers say could be converted into hydrogen and ammonia.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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