BP Plc BP CEO Bernard Looney gambled on hydrogen to power future low-carbon businesses to reduce their carbon footprint.
BP is in the early stages of developing a large, low-carbon hydrogen hub around its Whiting, Indiana refinery, Tomeka McLeod, BP’s newly-appointed head of hydrogen in the U.S., told Reuters.
Hydrogen will have a crucial role along with offshore wind.
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BP revamped its structure to create a dedicated hydrogen division led by Felipe Arbelaez. It also invested in large hydrogen projects in Australia, Europe, and Britain.
It also examined Mauritania projects’ potential for developing green hydrogen in Oman.
BP’s spending on low-carbon hydrogen will likely grow into the hundreds of millions by the decade’s end.
BP spent roughly a quarter of its $15.5 billion…
BP Aggressively Chases Hydrogen Towards An Emission-Free Future – BP (NYSE:BP)
