BP Abandons H2Teesside Carbon Capture & Hydrogen Scheme Amid AI Push

Key Takeaways BP cancels its H2Teesside hydrogen and carbon capture project after the site is picked for an AI growth zone.A 500,000 sq. metre AI data center, set to be Europe's largest, will replace the project.Weaker hydrogen demand and the closure of a nearby Sabic facility reduced the viability of BP's project.BP plc (BP) , an oil and gas giant, has scrapped plans for the construction of a large hydrogen and carbon capture project at Teesside in north-east England. Per the Financial Times, the company m ...