BP's Castellon Refinery to Implement 25MW Green Hydrogen System [Yahoo! Finance]
BP p.l.c. (BP)
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Source: Yahoo! Finance
BP plc 's BP Castellon refinery in Valencia, Spain, is set to receive 25 megawatts (MW) of proton exchange membrane (PEM) electrolyzer systems from Plug Power Inc PLUG. The move comes from a strategic initiative spearheaded by Castellon Green Hydrogen S.L., a joint venture between two energy giants — BP and Iberdrola IBDRY. The ambitious project aims to significantly cut carbon emissions by integrating green hydrogen into the refinery's processes. Plug Power, a leading provider of hydrogen solutions, will supply five of its 5 MW containerized PEM electrolyzers. These systems are designed to replace a portion of the gray hydrogen currently used in the refinery, which is derived from natural gas, with green hydrogen. Green hydrogen, produced using renewable energy sources, is seen as a crucial technology in reducing carbon footprints across industries. In this case, it is expected to slash 23,000 tons of CO2 emissions annually, marking a significant step in BP's decarbonization e
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