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BP announces hydrogen deal after vaccine boost

A tie-up with with Ørsted would give the oil major "large-scale" hydrogen project experience, while cutting some emissions from a German refinery
BP announces hydrogen deal after vaccine boost
  • Agreement with Ørsted would see wind powered-electrolysis plant produce hydrogen for refinery
  • BP shares up after vaccine news 
IC TIP: Sell at 242p

The day after BP’s (BP.) share price surged on the prospect of oil recovering sooner than thought, the supermajor announced a step towards its greener future. The supermajor has signed a deal with utility Ørsted (Den:ØRSTED) to study the feasibility of adding a hydrogen electrolyser to its Lingen refinery in Germany. 

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