Oil and gas giant bp has today (February 28) launched plans for a 2GW green hydrogen cluster in the Valencia region of Spain at its Castellón refinery, dubbed HyVal.
Led by bp the public-private collaborative initiative is planned to be based around the phased development of up to 2GW of electrolysis capacity by 2030 to produce green hydrogen at the bp refinery.
Anticipated to be operational in 2027, the first phase of developments will see at least 200MW of capacity installed at the refinery, producing up to 31,200 tonnes of green hydrogen per year. The second phase, which bp says could be complete in 2030 will reach up to 2GW of net installed power.
HyVal is expected to play a key role in decarbonising the operations at the Catellón refinery, with bp planning to invest up to €2bn ($2.1bn) in implementing green hydrogen, biofuels, and renewable energy at the site by 2030.
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