BP has recently acquired a 40.5 per cent equity stake in the Asian Renewable Energy Hub (AREH) based in Pilbara, Western Australia and is set to become its operator.
AREH is expected to develop up to 26GW of combined solar and wind power generating capacity. At full scale AREH could produce 1.6 million tonnes of green hydrogen or 9 million tonnes of green ammonia per annum – making it one the largest green hydrogen projects in the world.
“AREH is set to be one of the largest renewable and green hydrogen energy hubs in the world and can make a significant contribution to Australia and the wider Asia Pacific region’s energy transition,” says Anja-Isabel Dotzenrath, bp’s executive vice president of gas and low carbon energy.
“It truly reflects what integrated energy is – combining solar and onshore wind power with hydrogen production and using it to help transform sectors and regions.”
“It also reflects our belief that Australia has the potential to be a powerhouse in the global energy transition, benefitting from both its existing infrastructure and abundant renewable energy resources.”
“We believe AREH can be a cornerstone project for us in helping our local and global customers and partners in meeting their net zero and energy commitments. It will also serve as a long-term clean energy security contributor in Asia Pacific, helping countries such as South Korea and Japan to decarbonize.”
Meanwhile, bp Australia President Frédéric Baudry said “This is an incredibly exciting development, and we are looking forward to working closely with our partners, InterContinental Energy, CWP Global, Macquarie Capital and Macquarie’s Green Investment Group, as well as the Nyangumarta people.”
“BP brings a broad range of capabilities to help bring the project to fruition, with extensive experience in constructing and operating facilities of this scale in remote locations in close collaboration with local communities and leveraging our global shipping and trading businesses.”
“We also have the benefit of deep experience in working with customers looking for decarbonization solutions and delivering low- carbon energy to the global market.”
AREH intends to supply renewable power to local customers in the largest mining region in the world and also produce green hydrogen and green ammonia for the domestic Australian market and export to major international users.
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