Page 63 - Nigeriaone mag 3 edition en

Massive Green Hydrogen Hubs being created under the BP’s 36

Hydrogen, illustrative image

Bp is planning major clean fuel renewable electricity, is that demand for low-carbon
operations in locations like predicted to play a major role in hydrogen could reach 600
Australia, Texas,The North Sea, the decarbonization of heavy million tons per year by 2050, up
Kazakhstan and Oman. industry, such as steelmaking. from less than one million tons
Following its acquisition of a Hence, global output could jump today.
stake and lead role in a $36 up to 11.6 million tons a year by The successful centers will be
billion green hydrogen 2030 if, of course, strong policies those that are able to find buyers
development in Western are implemented. for their hydrogen, while
Australia, BP is confirming to the It is important to note that BP governments also have an
World its ambitions to deliver will take a 40.5% share in the important role to play in
massive amounts of the clean Asian Renewable Hub. providing policy incentives that
fuel. Other massive develo bypments encourage the switch from fossil
With a positive forecast to grow are being considered everywhere fuels. Hubs with one or more
rapidly in the coming years, from Texas to Kazakhstan to large guaranteed buyers are
green hydrogen, which is Oman, attracted by the abundant much more likely to succeed.
produced with water and clean energy. Forecasts show

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