Low-carbon hydrogen projects by BP and Origin Energy

cancelled/suspended

Multiple low-carbon hydrogen projects announced by BP and Australia's Origin Energy have been suspended or cancelled. These cancellations are due to strategic pivots back to core businesses, cost-cutting, lack of robust demand signals, regulatory uncertainty, high costs, and permitting challenges. The sector is highly dependent on government subsidies and public grants, and projects face risks from permitting and development hurdles, including environmental impact and securing renewable power.