The green hydrogen market is losing momentum as high costs, uncertain demand, and major energy firms abandoning projects ...

BP has revealed its decision to walk away from the $55bn Australian Renewable Energy Hub megaproject was sealed by the ...

In a surprising move, BP has announced its decision to pull out of a massive green hydrogen project in Australia. The Australian Renewable Energy Hub (AREH) will no longer be operated or owned by the ...

BP exits $36B Australian green hydrogen project in latest move away from renewables Jul. 24, 2025 11:14 AM ET BP p.l.c. (BP) Stock FSUMF By: Carl Surran, SA News Editor 10 Comments ...

BP said other factors in its decision to pause the hydrogen project included a slow-developing hydrogen market in the Midwest and uncertainty created by current economic conditions.

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Supermajor would only be able to move forward with H2 Teesside scheme if UK government grants compulsory purchase order ...

Several barriers to clean hydrogen production, as well as greater political and economic uncertainty around transition industries, have led to project delays and cancellations.

BP is indefinitely pausing multibillion-dollar hydrogen project projected to create about 16,000 construction jobs in Northwest Indiana. The London-based oil giant also is putting the brakes on a ...