BP(US:BP) Zhong Guo Hua Gong Bao·2025-12-07 06:49Group 1 - The development of clean hydrogen in Europe and the US is facing cost bottlenecks, leading to the cancellation of numerous hydrogen projects by major oil companies like ExxonMobil and BP [1] - ExxonMobil has suspended its flagship low-carbon hydrogen and ammonia production project at the Baytown refinery in Texas due to unmet market demand, which was originally planned to be the "world's largest low-carbon hydrogen project" with a production capacity of 1 billion cubic feet per day [2] - The suspension of the Baytown project reflects common challenges in the global low-carbon hydrogen industry, including policy uncertainty, high technology costs, and insufficient market demand [2] Group 2 - BP has withdrawn its planning application for the H2Teesside low-carbon hydrogen project in the UK, which was intended to be the largest low-carbon hydrogen production facility in the country, crucial for achieving the UK's 10 GW hydrogen target by 2030 [3] - BP cited significant changes in local conditions, including the approval of a data center on the same site, and a deterioration in demand from major industrial users as reasons for the project's cancellation [3] - This is not the first time BP has halted hydrogen projects; previous cancellations include the HyGreenTeesside project and the indefinite suspension of a blue hydrogen plant in Indiana [4]