7 Sept 2023
BP has taken significant steps to expand its presence in the green hydrogen sector, with advancements in its green hydrogen hub project and a substantial investment in electrolyser technology.
Green Hydrogen Hub Project Progresses in Western Australia
BP has successfully completed the concept development phase study for its ambitious green hydrogen hub project, H2Kwinana, located in Western Australia. The project aims to transform the former BP oil refinery site in Kwinana into a versatile energy hub, catering to both domestic and export demands. In collaboration with Macquarie Group, BP envisions the hub producing green hydrogen, sustainable aviation fuel (SAF), and hydrogenated vegetable oil (HVO), also known as renewable diesel.
The key components of the project include the installation of a 75 MW electrolyser, hydrogen storage, compression, truck loading facilities, and upgrades to BP's existing hydrogen pipeline. The study considered three hydrogen production scenarios, ranging from 44 to 429 tons per day, with estimated costs varying accordingly.
The project has already secured funding support from state and federal sources, underlining its importance in advancing Australia's clean energy transition. BP recognizes the pivotal role of hydrogen and renewable fuels in decarbonizing energy-intensive industries, and the Kwinana site is poised to play a crucial part in this effort.
Investment in Electrolyser Technology
BP has made a substantial investment in Advanced Ionics, a specialist in electrolyser technology. The funding round, totaling $12.5 million and featuring additional investors such as Clean Energy Ventures, Mitsubishi Heavy Industries, and GVP Climate, will support Advanced Ionics in developing its Symbion water vapor electrolyser technology for heavy industry applications.
Symbion technology enhances the cost-effectiveness of green hydrogen production by integrating with standard industrial processes to harness available heat efficiently. This innovation reduces the electricity required for hydrogen production to less than 35 kWh/kg, making green hydrogen more accessible and cost-effective, potentially priced at less than $1/kg at scale. Notably, Symbion utilizes readily available materials, avoiding the need for expensive metals or materials commonly found in traditional electrolysers.
Gareth Burns, vice-president of BP ventures, highlighted the disruptive potential of Advanced Ionics' technology in the hydrogen market. The investment underscores BP's commitment to driving down costs and accelerating the adoption of green hydrogen.
A Strategic Vision for a Sustainable Future
BP's dual focus on advancing its green hydrogen hub project in Australia and investing in cutting-edge electrolyser technology demonstrates its dedication to shaping a sustainable and cleaner future. As the global transition to renewable energy gains momentum, BP's initiatives in green hydrogen production and technology innovation position it as a key player in the ongoing energy transformation.
BP's H2Kwinana green hydrogen hub project in Western Australia is making significant progress, with the potential to drive clean energy adoption in various sectors. Additionally, BP's investment in Advanced Ionics' electrolyser technology promises to revolutionize green hydrogen production, making it more accessible and cost-effective.