BP, Iberdrola Greenlight Hydrogen Project in Spain
By Christian Moess Laursen
European energy majors BP and Iberdrola will start construction of a joint venture to develop a green-hydrogen project in Spain.
BP, the British energy giant, said Thursday that the two parties have taken the final investment decision on the 25-megawatt project that is expected to be operational in the second half of 2026.
The project will support the decarbonization of BP's refinery operations in Castellon, Spain, by preventing emission of 23,000 metric tons of carbon dioxide a year.
This is BP's first investment decision for an industrial scale project. The company said it is an important step forward for its hydrogen business.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
September 12, 2024 10:01 ET (14:01 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks
United States