BP and Iberdrola have jointly announced a significant green hydrogen project at the Castellón refinery in Spain. This 25 MW initiative, scheduled for completion in the second half of 2026, is backed by a 15 million euros funding from NextGenerationEU. The project will see the conversion of 200GWh of renewable energy into green hydrogen annually, aiding BP's decarbonization goals by replacing grey hydrogen production. The partnership aims to meet European green hydrogen standards while contributing to the region's economy through job creation. Additionally, plans for future expansion into Valencia's high-emission industries indicate a strategic shift towards broader decarbonization efforts. The electrolyzer technology, provided by Plug Power, marks a notable advancement in green hydrogen production. The project's positive impact extends to emissions reduction and industrial decarbonization, aligning with EU sustainability objectives. Iberdrola's expertise in green hydrogen complements the venture, showcasing a joint commitment to sustainable energy solutions. Moreover, the partnership's focus on job creation and economic support highlights a holistic approach to energy transition and regional development. The article also touches upon BP's broader decarbonization strategy and collaboration with Iberdrola on various sustainable energy projects, emphasizing a shared vision for a greener future.