From NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

h/t Philip Bratby

The Telegraph is reporting that BP may pull out of its hydrogen project on Teesside:

A massive hydrogen project at the heart of Ed Miliband’s net zero plans’ risks being cancelled as BP retreats from green targets.

The H2Teesside scheme, announced in 2021 by the company’s then chief executive Bernard Looney, was designed to produce “blue” hydrogen from natural gas, and then capture and store the carbon emissions.

It had been slated to deliver more than 10pc of the 2030 target set by Mr Miliband, the Energy Security and Net Zero Secretary, for hydrogen production and was expected to come online by the late 2020s.

But sources have warned that BP is now likely to scale back or even cancel the 1.2 gigawatt project as it struggles to secure enough customers to make the investment worthwhile.

The FTSE 100 company is currently in talks with the Government about whether greater state support can be provided, with Mr Miliband’s department viewing the scheme as a potentially important source of hydrogen for both industrial uses and power plants.

 https://www.telegraph.co.uk/business/2025/05/25/ed-milibands-net-zero-targets-threatened-by-bp-retreat/

Apparently one of the major issues is the potential closure of the nearby Sabic chemical plant, which it was hoped would buy a lot of the BP hydrogen.

The Saudi’s who own Sabic may close their plant because of high energy costs. It is not without irony that any hydrogen they ended up buying would be much more expensive than the natural gas they currently use!

This is all in stark contrast to the green fanfare when BP originally announced the project back in 2021, which the Telegraph covered here. Hydrogen apparently was going to be our saviour in the battle against global warming.

That was in the days of Bernard Looney, who had fallen for the green agenda hook, line and sinker.

Now BP’s new team have returned to realityville, and have come to the conclusion that nobody wants to replace fossil fuels with something much more expensive.

If governments want it, let them pay for it is now the policy.