bp has finalized agreements and design contracts for its H2Teesside hydrogen project, a significant step towards transforming the UK's low carbon hydrogen economy. This project includes a statement of principles with the Department for Energy Security and Net Zero, enabling it to enter the final negotiation phase. The H2Teesside project aims to be a major player in blue hydrogen production in the UK, with a target of 1.2GW of production, which is over 10% of the UK's hydrogen production goal for 2030. Technip Energies is responsible for the front-end engineering design of the blue hydrogen production facility, while Costain will design the pipeline infrastructure to transport hydrogen from the production site to industrial users. Both contracts are expected to be completed by 2025. The project is a part of the East Coast Cluster and plans to capture and store over two million tonnes of carbon dioxide annually, showcasing its commitment to environmental sustainability. Andy Lane, Vice President for hydrogen and CCUS at bp, UK, emphasized the project's significance in decarbonizing industry in Teesside and its potential to turn the region into a prominent hydrogen hub, thereby jumpstarting the UK's low carbon hydrogen economy.