According to bp, the companies will explore options for blue and green hydrogen, as well as wind and solar power via power purchase agreements. The company is pursuing green hydrogen ‎production at its refineries in Germany, the Netherlands and Spain, and is developing both blue and green hydrogen production projects around the world.
 
“As part of our strategy to provide a range of decarbonization solutions to corporates, bp is already investing in and working to develop a portfolio of industrial-scale hydrogen projects in Germany, the Netherlands, Spain, the UK and Australia,” said William Lin, bp’s executive vice president regions, cities and solutions. “With our aligned ambitions and complementary investments, thyssenkrupp Steel and bp can together help this hard-to-abate sector decarbonize faster.”
 
thyssenkrupp Steel intends to make steel production climate-neutral by replacing its coal-fired blast furnaces with direct reduction plants that reduce iron ore with low-carbon hydrogen.
 
Arnd Köfler, thyssenkrupp Steel’s chief technology officer, said: “The decarbonization of the steel industry will require enormous quantities of low-carbon and in the long-term green hydrogen. This will increasingly require the use of electricity from renewable sources. All this can only be achieved through a well-developed hydrogen infrastructure with a supra-regional pipeline network. The MoU is an important milestone for us to set the course with bp for a reliable supply of energy in the future.”
 
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