- The project involves a €70M investment and aims to be operational by the second half of 2026.
- Construction includes a 25 MW electrolyser powered by renewable energy.
- The plant will produce 2,800 tonnes of green hydrogen annually, reducing CO2 emissions by 23,000 tonnes.
- Funding includes €15M from EU's NextGenerationEU program.
Project Overview
The joint venture between bp and Iberdrola España has commenced construction on Spain's largest green hydrogen plant, located next to the bp refinery in Castellón. The project, with a 25 MW capacity, is expected to be operational by the second half of 2026 and involves an investment of over €70 million.
Construction and Equipment
The initial phase includes earthworks and the development of a 20,000 m2 plot. Civil engineering works are set to begin in the second quarter of the year. The main equipment, including electrolysers, will be installed in the second half of 2025. These electrolysers will use renewable electricity to produce green hydrogen through electrolysis.
Economic and Environmental Impact
The project is expected to create up to 500 jobs during construction and involve approximately 25 Spanish companies. It aims to produce 2,800 tonnes of green hydrogen annually, replacing part of the grey hydrogen used by the refinery and reducing CO2 emissions by approximately 23,000 tonnes per year.
Future Applications and Funding
In later phases, the green hydrogen could be used in industries like ceramics and heavy transport in the Valencian Community. The project has received €15 million in funding from the Innovative Value Chain and Renewable Hydrogen Knowledge support programs, part of the Spanish Recovery, Transformation and Resilience Plan, funded by the EU's NextGenerationEU.
Local Industry Involvement
The project demonstrates confidence in Spanish companies, with the transformer being manufactured by Imefy, a company based in Toledo. This initiative strengthens the renewable hydrogen value chain and creates industrial opportunities in the region.
