BP, Macquarie see a green future for shuttered Australian oil refinery

Original article by Nick Toscano
Brisbane Times – Page: Online : 8-Sep-21

The Western Australian government will partially finance a feasibility study into converting the defunct oil refinery at Kwinana to produce ‘green’ hydrogen. BP announced the refinery’s closure in October 2020; the energy giant and Macquarie Capital will now look into the viability of using the facility to produce hydrogen from renewable energy. WA premier Mark McGowan says that green hydrogen produced at Kwinana could eventually be exported worldwide. Green hydrogen is currently much more expensive to produce than ‘grey’ hydrogen, which is produced using fossil fuels.

CORPORATES
BP PLC, BP AUSTRALIA LIMITED, MACQUARIE CAPITAL PTY LTD, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET

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