BP, Macquarie to study green hydrogen options for Aussie oil refinery
Source: ARENA (arena.gov.au)
BP Plc (LON:BP) will conduct a joint feasibility study with Australia’s Macquarie Capital to produce green hydrogen at the oil and gas giant’s refinery near Perth, Western Australia.
The study will be carried out with financing from the Western Australian government, BP said on Monday. Its goal will be to help decarbonise the Kwinana Industrial Area where BP’s recently closed Kwinana oil refinery is located. The UK group intends to repurpose the site as an integrated renewable energy hub and produce sustainable aviation fuel and renewable diesel.
The Kwinana Industrial Area is home to facilities producing industrial, agricultural and mining chemicals. BP shut down its oil refinery there in March due to oversupply and sustained low refining margins in the region.
BP recently unveiled the results of another study that found out that the production of green hydrogen and ammonia using renewable energy is feasible at scale in Western Australia.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.