### BP and Iberdrola Embark on Pioneering Green Hydrogen Initiative at Castellón Refinery
BP plc, a British energy giant, and Iberdrola España SA have seamlessly aligned their strategies to drive decarbonization through a groundbreaking 25 MW green hydrogen project at BP’s Castellón refinery in Spain. This collaborative effort marks a significant milestone in their joint venture, Castellón Green Hydrogen S.L., reflecting their shared commitment to environmental sustainability.
#### Key Project Details
**Location and Scope**
The project is set to be operational by the second half of 2026, transforming BP’s Castellón refinery into a cutting-edge, integrated energy hub. This endeavor involves constructing a 25 MW electrolyzer that will harness renewable electricity sourced from Iberdrola’s solar and wind projects. The electrolyzer consists of five 5 MW modules featuring containerized proton exchange membrane (PEM) technology supplied by Plug Power, a leading developer of green hydrogen solutions.
**Carbon Footprint Reduction**
The green hydrogen produced annually will amount to approximately 2,800 tons, significantly reducing the carbon dioxide emissions at the refinery by about 23,000 tons each year. This reduction is equivalent to the emissions of around 5,000 cars over the same period, demonstrating the project’s substantial contribution to environmental sustainability.
**Funding and Partnerships**
The project has secured a substantial funding boost of €15 million from the Innovative Value Chain and Renewable Hydrogen Knowledge support programs of the Spanish Recovery, Transformation, and Resilience Plan, funded by NextGenerationEU. This financial support, coupled with the collaboration between BP and Iberdrola, underscores the project’s importance in driving Spain’s recovery and transition towards a greener economy.
**Benefits and Future Expansion**
Beyond its immediate impact on the refinery, the project has broader implications for the region. Iberdrola aims to utilize