bp is set to bring international participation to its blue and green hydrogen developments in Teesside in the North East of England.
The United Arab Emirates’ (UAE) largest energy company, ADNOC planned to take a 25% stake in the design of the blue hydrogen project, H2Teesside, making it the company’s first investment in the UK.
H2Teesside is hoped to kickstart the UK’s hydrogen economy at scale with two 500MW hydrogen production units by 2030.
Abu Dhabi based renewable energy company, Masdar, have signed a memorandum of understanding (MoU), to take a stake in bp’s proposed green hydrogen project, HyGreen Teesside.
HyGreen Teesside has goals of producing 60MWe of hydrogen at start-up in 2025, increasing to 500Mwe, by the end of the decade.
Bernard Looney, CEO at bp, said, “By joining forces with ADNOC and Masdar we are reinforcing the world-leading role that Teesside, and the UK more widely, can play in developing new supplies of energy, as well as new skills and supply chains.
“We’re backing Britain and the resources, capability and net zero ambition here in the UK make it ideal for the development of low carbon hydrogen – and together we can help deliver a significant contribution to the UK’s newly increased hydrogen ambition.
“As well as boosting home-grown energy, the global nature of our partnership with ADNOC and Masdar will support our plans to decarbonise some of the most hard-to-abate sectors in the world – like industrial manufacturing, power and aviation.”
bp is also set to join ADNOC to evaluate a blue hydrogen project in Abu Dhabi conducting a joint feasibility study for a ‘world-scale, low-carbon hydrogen project’.
H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Managing Director and Group CEO at ADNOC, and Chairman of Masdar, said, “ADNOC and Masdar’s deepened partnership with bp is a testament to the UAE and UK’s longstanding track record of bilateral partnership in sustainability as well as the UAE’s intent to play a leading role in the fast-growing clean hydrogen economy both domestically and internationally.
“Similarly, the partners’ collaboration in Abu Dhabi is expected to further position the UAE as a regional leader in low-carbon energies and technology-driven industrial growth.”
The agreements follow the formation of a partnership for clean energy solutions in the UK and UAE between bp, ADNOC, and Masdar in September 2021.
Mohamed Jameel Al Ramahi, CEO at Masdar, added, “Today’s announcements will strengthen the strategic partnership between Masdar, ADNOC and bp and continue to drive clean energy innovation for both the UAE and the UK.
“Masdar has been a long-standing investor in the UK’s renewable energy sector, and we will leverage our expertise in offshore wind and sustainable aviation fuels to support both nations’ energy transition while solidifying the UAE’s leadership position in the emerging green hydrogen economy.”