BP and Iberdrola have given the green light for construction of a 25 MW green hydrogen project at BP’s Castellón refinery in Spain. This is the first hydrogen project jointly undertaken by BP and Iberdrola through Castellón Green Hydrogen, a joint venture equally owned by both companies.
This initiative, which includes the participation of the technology institute of energy, has been awarded funding of €15 million from the innovative value chain and renewable hydrogen knowledge call of the Spanish recovery, transformation, and resilience plan.
Millán Garcia-Tola, global director of hydrogen in Iberdrola says: ‘This partnership with BP and our project is another step in Iberdrola’s firm commitment to promote green hydrogen as a key vector for industrial decarbonisation. The plant will convert 200 GWh/yr of Iberdrola’s renewable energy into green hydrogen that will contribute to BP’s decarbonisation strategy, in another example of close collaboration between both companies, reliable partners that share values as long-term decarbonisation commitment. Iberdrola will apply all the experience of its existing green hydrogen plants to optimise and accelerate the development of this project.’
Olvido Moraleda, president of BP Energía España says: ‘This project marks a milestone in our strategy and reflects the importance of collaboration, both with other companies that share our vision, such as Iberdrola, and in the public-private sphere. In this way, we not only advance the transformation of our infrastructure in Castellón, but also aim to strengthen the economic fabric and industrial capacity of the entire Valencia region.’
