- bp and Iberdrola to build a 25MW green hydrogen plant in Spain, operational by 2026, creating 500 jobs and cutting 23,000 tons of CO2 annually.
- Funded by 15 million euros from Spanish and EU plans.
Thu Sep 12 12:28:17 -0000 2024 UTC– BP and Iberdrola have solidified plans for a 25 MW green hydrogen project at bp’s Castellón refinery in Spain.
Castellón Green Hydrogen
The companies, through their 50:50 joint venture, Castellón Green Hydrogen S.L., have taken the final investment decision for the project, which is expected to begin operations in the second half of 2026. The green hydrogen produced will play a crucial role in decarbonizing bp’s refinery operations, potentially avoiding the emission of 23,000 tons of CO2 annually.
500 direct jobs
This initiative, supported by a €15 million grant from the Spanish Recovery, Transformation, and Resilience Plan, is also anticipated to generate up to 500 direct jobs during its construction phase. The funding, provided through the NextGenerationEU program, underscores the European Union’s commitment to advancing green energy projects.
Castellón
Castellón is a province in the Valencian Community, located on the eastern coast of Spain. It is known for its Mediterranean climate, beautiful beaches, and mountainous interior. The city is well-connected, with a port, an airport (Castellón Airport), and good road and rail links to other parts of Spain. The port is significant for the region’s economy, supporting both commercial and industrial activities.
The green hydrogen project at bp’s refinery in Castellón highlights the region’s growing focus on sustainable development and innovation.
Technology Institute of Energy
The project was officially announced in Madrid on September 12, 2024, at an event commemorating the final investment decision made in July. The Technology Institute of Energy (ITE) is also a key participant in this endeavor, contributing to the development and implementation of innovative renewable hydrogen solutions.
bp and Iberdrola’s collaboration marks a significant step toward reducing carbon emissions in industrial processes, aligning with broader global efforts to combat climate change.