Technip Energies to design groundbreaking low-carbon hydrogen facility for bp in the United Kingdom
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 27 2024
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Source: Yahoo Finance
H2Teesside Project Overview: The H2Teesside project, led by bp and supported by Technip Energies, aims to create one of the UK's largest low-carbon hydrogen production facilities with integrated carbon capture technology, targeting 1.2 GW of hydrogen production and capturing over two million tonnes of CO₂ annually.
Economic Impact and Future Steps: This initiative is expected to boost economic development and job creation in the Teesside region while moving towards a final investment decision by 2025, with plans for full Engineering Procurement, Construction, and Commissioning (EPCC) if selected.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
