🛑 BP Plans to Exit $36 Billion Australian Green Hydrogen Hub

💣 BREAKING: BP Ditches World's Largest Green Hydrogen Project!

💼 BP backs out of $36B Australian Renewable Energy Hub (AREH)

📍 Location: Pilbara, WA | Size: 6,500 km² | Goal: 26 GW solar + wind

🧨 The Exit:

📌 BP stepping down as operator & equity holder

📌 AREH Co. takes over ops with help from InterContinental Energy

📉 Strategy shift: BP pivots back to fossil fuels & profits over green goals

⚠️ What This Signals:

❌ Green hydrogen still too expensive to scale

🧊 Market cooling off — no cost breakthroughs, no strong buyers

📉 Not Just BP:

🚫 Fortescue cancels $550M Arizona + $150M Gladstone hydrogen projects

💸 Woodside takes a profit hit from a U.S. hydrogen exit

📊 Rystad: ~⅓ of Aussie green hydrogen pipeline now shelved or scrapped

⚗️ Why Green H₂ Struggles:

⚡ Needs ultra-cheap clean power for viability

🚱 High costs, low returns = investor cold feet

💡 What’s Next for Green Energy?

It’s not over — but reality checks are reshaping the hype.

⚡ Brought to you by EServices4UWe help renewable energy ventures avoid costly pitfalls — from project feasibility to regulatory clarity.

🌐 www.eservices4u.com.au | 💬 Schedule a free expert consultation today