Wednesday, November 30, 2005

BP invests in hydrogen economy

"BP has announced plans to spend £4.6 billion over the next ten years on renewable and low-carbon power sources, including the development of hydrogen-based energy. The announcement sees the world's second largest oil firm double its investment in wind, solar, hydrogen and cleaner gas power. Included in the plans are provisions for a hydrogen plant at Peterhead in Scotland, with another plant bringing total capacity from the energy source 30mW to 450mW." Source: matthey.com

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