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BP PLC Green Hydrogen Project Exit

Sector: Hydrogen • Location: Western Australia, Australia

Source: Futu

Project
Cancelled

BP PLC confirmed it will withdraw from a large hydrogen energy project in Australia, no longer serving as the operator and equity holder. The project was initially estimated to cost $36 billion, aimed at developing low-carbon energy and reducing oil business. Due to poor stock performance and the departure of the CEO, the company's global strategy shifted to focus on profits.

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Project Information

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The project “BP PLC Green Hydrogen Project Exit” is an infrastructure initiative in the Hydrogen sector, located in Western Australia, Australia. Taiyo aggregates data on it from Futu.

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Participants

Sponsoring Agency

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Company

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Status

Original status

cancelled

Taiyo status

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Taiyo last update

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Available timestamps

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Contact

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Phone

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Email

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Address

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Description

Description

BP PLC confirmed it will withdraw from a large hydrogen energy project in Australia, no longer serving as the operator and equity holder. The project was initially estimated to cost $36 billion, aimed at developing low-carbon energy and reducing oil business. Due to poor stock performance and the departure of the CEO, the company's global strategy shifted to focus on profits.

Original sub-sector

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Original Currency

USD

Original budget

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Procurement method

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Budget

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Location

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

obfuscated_data,obfuscateddata.com

More Details

Project Type

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Article Published Date

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