Oil giant BP announced plans to sell its refinery in Gelsenkirchen, Germany, operating under the name Ruhr Oel. The assets to be divested include the refinery in Gelsenkirchen and DHC Solvent Chemie in Mülheim an der Ruhr, Germany.
BP has appointed Murray Auchincloss as its permanent CEO, effective immediately. He has been interim CEO since September 2023 after the sudden resignation of his predecessor Bernard Looney.
BP will develop two offshore wind projects as its entry into Europe's offshore wind market. The North Sea sites, with a 4GW total potential generating capacity, will be located 130 and 150 km offshore at 40 m depths.
Johnson Matthey (JM) looks back at a legacy of 200+ years. Established in 1817, the London, England-based chemical company reported annual revenues of about €18 billion in 2022. JM has built a global presence with operations in more than 30 countries. The company’s strategy is based on the vision for a cleaner, healthier world and mirrors society’s need to create a more sustainable future. JM has set out to catalyze the net zero transition by delivering sustainable solutions to customers enabled by innovative technology and leading positions in JM’s key markets automotive, chemicals, and energy. To get a better understanding of the role JM’s technological developments play for a sustainable future, Michael Reubold spoke with Maurits van Tol, the company’s Chief Technology Officer.
Solvay has now finalized terms to sell its half share in Russian PVC producer RusVinyl to its joint venture partner Sibur.
BP is investing up to €2 billion in a green hydrogen plant at its Castellon refinery in Spain, replacing the site’s existing fossil-fuel based facility and expanding production of biofuels threefold. The project is the basis of a public-private initiative named HyVal and led by BP to decarbonize the Valencia region, including the Castellon refinery.
Johnson Matthey and BP have won a contract to license their co-developed Fischer Tropsch CANS technology to Strategic Biofuels for that company’s Louisiana Green Fuels (LGF) project in the US state’s Caldwell Parish.
BP is to conduct a feasibility study on building a new hydrogen hub in Wilhelmshaven, Germany. The hub would include an industrial-scale ammonia cracker, which could provide up to 130,000 t/y of low-carbon hydrogen from 2028, with scope for further expansion as the market for future fuels develops.
BP has signed a Memorandum of Understanding (MoU) with the Egyptian Government under which the multinational energy giant will explore the potential for establishing a green hydrogen production plant in the country.
Building on agreements signed last September, BP, Abu Dhabi National Oil Co (ADNOC) and Masdar have inked further agreements to progress their partnerships on blue and green hydrogen projects in both the UK and United Arab Emirates (UAE).
Western energy companies pursuing projects with Russia are feeling the heat after that country’s invasion of Ukraine, and UK giant BP has become the first to announce plans to sever business ties.
British energy giant BP has decided to build a large-scale plant to produce green hydrogen from renewable feedstocks, wind, water and solar energy at its Teesside complex in northeast England. The plans are in line with the London-based group’s drive to move away from fossil fuels, in company with other global petrochemical powerhouses.
As part of a new strategic partnership, energy giant BP will provide German specialty chemicals producer Lanxess with “green” cyclohexane to feed its high-tech plastics production at Antwerp, Belgium.
BP has agreed Memoranda of Understanding (MoUs) with four new potential customers for its proposed clean hydrogen production facility in Teesside, said to be the UK’s largest when it goes on stream.
Sustainable technology company Johnson Matthey is participating in a five-year project with multinational energy giant BP and two UK universities to explore new catalyst technology to help the world achieve net zero.
The EU Commission’s ambitious plan for a European Green Deal, launched shortly before the pandemic struck in early 2020, aims to make the continent the world’s first climate-neutral region by 2050. The goals spelled out in January last year call for reduction of greenhouse gas emissions by at least 50% up to 2030, compared with 1990 levels.
Multinational energy giant BP is planning to build the UK’s largest blue hydrogen production facility, capturing and sending 2 million t/y of CO2 for storage. The proposed development, H2Teesside, is a major part of BP’s plans to develop businesses in emerging technologies.
Seven companies from the European GET H2 hydrogen initiative, including chemical producer Evonik, have established a consortium to help promote industrial offtake of climate-friendly green hydrogen from renewable energies.
Ineos completed its $5 billion acquisition of major petrochemicals assets from BP at the end of 2020, gaining 1,700 employees and adding two new subsidiaries, Ineos Aromatics and Ineos Acetyls.
BP and Ineos have separately launched clean hydrogen projects as moves toward cutting carbon emissions and meeting the zero carbon emissions targets set by the UN and national governments.
Oil giant BP, which recently announced plans to divest its petrochemicals business to Ineos for $5 billion, is reportedly planning to sell its headquarters building in central London as it cuts jobs and adopts flexible working.
UK-headquartered multinational energy group BP has announced it will inject $70 million later this year into India’s Green Growth Equity Fund (GGEF). Based in Mumbai, GGEF invests in scalable operating companies and platforms across renewable energy, energy efficiency, energy storage, e-mobility, resource conservation and associated value chains.
Ineos is buying BP’s global petrochemicals business for $5 billion (£4 billion) in what is being touted as the biggest deal since the coronavirus pandemic began circling the globe in winter and early spring this year.
