bp is in the final stages of negotiations with the UK Government for the H2Teesside project, a significant 1.2GW blue hydrogen production initiative in Teesside. The project aims to produce approximately 160,000 tonnes of blue hydrogen per year by 2030, with commercial operations set to commence in 2028. bp has signed agreements with Technip Energies and Costain for front-end engineering design work for the project, including the development of a blue hydrogen facility with integrated carbon capture technology and a 31km hydrogen pipeline. These milestones mark crucial steps towards decarbonizing industries in Teesside and establishing the region as a prominent hydrogen hub, supporting the UK's low-carbon hydrogen economy. Additionally, bp plans to implement a 500MW green hydrogen project in Teesside, showcasing their dedication to advancing hydrogen and carbon capture technologies. The company's CEO also expressed intentions to invest in multiple hydrogen and CCUS projects throughout the decade, emphasizing bp's commitment to sustainable energy initiatives.