In Spain, bp and Iberdrola have initiated a significant partnership to construct a 25MW green hydrogen project at bp's Castellón refinery. The joint venture marks a milestone in the companies' commitment to decarbonization and renewable energy. The project, set to be operational by the second half of 2026, has secured 15 million euros in funding from the Spanish Recovery, Transformation, and Resilience Plan. By leveraging renewable energy sources, this initiative aims to reduce CO2 emissions by 23,000 tons annually, contributing to a greener industrial landscape. The electrolyzer, powered by Iberdrola's renewable electricity, will produce green hydrogen meeting European standards. Moreover, the project is expected to create around 500 new jobs during its construction phase, driving economic growth in the region. This endeavor signifies a strategic shift towards a green hydrogen economy, with plans to expand its utilization in various sectors beyond the refinery. By focusing on sustainability and collaboration, bp and Iberdrola are paving the way for a cleaner and more innovative energy future in Spain.