European energy giants BP and Iberdrola have announced their collaboration on a joint venture to construct a green-hydrogen project in Castellon, Spain. The 25-megawatt project, with an expected operational timeline in the second half of 2026, is a crucial step towards decarbonization. By taking this final investment decision, the project will aid BP in reducing carbon dioxide emissions by 23,000 metric tons yearly, particularly benefiting its refinery operations in Castellon. This project signifies BP's inaugural foray into large-scale hydrogen initiatives, marking a significant milestone in the company's hydrogen business development. The partnership between BP and Iberdrola reflects a shared commitment to advancing sustainable energy solutions, furthering the transition towards cleaner, greener energy sources in Spain.