The British oil and gas giant has bought a stake in the Asian Renewable Energy Hub in the Pilbara, despite the former government blocking the green energy export project.
BP has bought a big slice of the $US36 billion Asian Renewable Energy Hub in Western Australia’s Pilbara, putting the energy giant in the driver’s seat to bring the renewables and hydrogen project to fruition., the British oil and gas major on Wednesday revealed it had taken a 40.5 per cent stake and would also become operator from July 1. A revised proposal would be submitted to deal with the environmental concerns.
Set on a 6500-square-kilometre site in the East Pilbara, the AREH project is billed as potentially one of the largest renewables and green hydrogen hubs in the world when it is running later this decade. “The AREH has the potential to be one of the world’s largest green energy hubs in the world. We feel very, very strongly about BP participating in it and taking the lead operator role in it,” Anja-Isabel Dotzenrath, executive vice president of gas and low carbon energy at BP told TheThe AREH will also produce green hydrogen by extracting the element from water using electrolysis. The project is slated to produce about 1.
In June 2021, then environment minister Sussan Ley deemed the project’s plans “clearly unacceptable” because of damage to an area critical to migratory birds.
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