BP has signed a collaborative development agreement with Hydrogen Chemistry Company (HyCC) to continue developing H2-Fifty, a 250 MW green hydrogen plant in Rotterdam’s port area. The companies signed the agreement following a feasibility analysis, which suggested the project could make a ‘critical’ contribution to decarbonising industry in the region.
According to the reports, green hydrogen will be produced at H2-Fifty to replace fossil-based feedstock used at BP’s Rotterdam refinery and other companies in the port region. Within the following year, the two companies intend to establish the factory at Maasvlakte and select a technology provider. In addition, BP and HyCC will continue to refine the plant design and commence environmental studies in preparation for the licencing procedure. The plant’s final investment decision is expected in 2023.
H2-Fifty, once completed, has the ability to reduce carbon emissions by up to 350,000 tonnes per year, enabling the Netherlands and the European Union’s objectives to make the industry more sustainable and develop green hydrogen technology. The project is also supported by Topsector Energy, a Dutch government initiative that promotes public-private energy innovation collaboration.
In January 2022, Oman’s Ministry of Energy and Minerals signed an agreement with BP to construct a multi-gigawatt renewable energy and green hydrogen project by 2030. According to the reports, BP would collect and analyse solar and wind data from 8,000 square km of land as part of the agreement. The information would then assist the Omani government in sanctioning future renewable energy hub developments in the most appropriate areas. The renewable energy resources in this area could also be used to construct green hydrogen projects aimed at both domestic and international markets.
