Hydrogen Stands Out in BP's New Strategy
Last week oil major BP released its second quarter financial results – and used the occasion to share the company’s new strategy. “We aim to be a very different kind of energy company by 2030,” the company said, “as we scale up investment in low-carbon, focus our oil and gas production and make headway on reducing emissions.” “Investment in low-carbon” turns out to involve full embrace of the hydrogen paradigm circa 2020: power-to-gas; carbon capture, utilization, and storage; and the possibility of a “hydrogen export” business based on ammonia.