The joint venture between bp and Iberdrola España has announced the start of construction work on Spain’s largest green hydrogen project with 25 MW. This plant could create up to 500 jobs during its constructionand approximately 25 Spanish companies will be involved in the work.
The first phase consists of earthworks and the development of an approximately 20,000 m2 plot of land next to the bp refinery in Castellón. The civil works will begin in the second quarter of the year.
The project has an investment of more than €70 M and is being developed jointly by bp and Iberdrola España through Castellón Green Hydrogen S.L., a company equally owned by both companies. The plant is expected to be operational in the second half of 2026.
The 25 MW electrolyser will be powered by renewable electricity through a power purchase agreement (PPA) supplied by Iberdrola from photovoltaic and wind farms.
The production of 2,800 tonnes of green hydrogen a year is expected to replace part of the grey hydrogen currently used by the refinery in its processes and is expected to prevent the emission of approximately 23,000 tonnes of CO2 a year, or the same amount as 5,000 cars produce in the same period.
In later phases of the project, the green hydrogen produced could also be used in key industries that are difficult to decarbonise in the Valencian Community, like ceramics, to replace the natural gas used in their processes, in chemical industries and in heavy transport.
This initiative, with the participation of the Instituto Tecnológico de la Energía (ITE), has obtained funding equivalent to €15 M from the Innovative Value Chain and Renewable Hydrogen Knowledge support programmes within the Spanish Recovery, Transformation and Resilience Plan, with funds allocated by the European Union’s NextGenerationEU.
Photo of Iberdrola España
Describe more in press release https://tinyurl.com/3ye5ryne
