BP is inviting bids for the construction of a multi-million dollar hydrogen power plant in Abu Dhabi, it has been reported.
According to the Wall Street Journal, the final investment decision on the new plant should be made before the end of 2010.
BP floated the idea for a hydrogen power plant in the region in 2008, but progress on the project has been delayed by a number of technical considerations.
When built, the $2 billion facility will generate energy from reformed natural gas and up to 90 per cent of the CO2 generated during the processing of the fuel will be buried in old oil wells in the region.
A senior BP executive told the news provider: "The real unique selling point of the project is that it provides low-carbon base-load power."
The plant is part of Abu Dhabi's Masdar renewable energy initiative, which was launched in 2006.
Abu Dhabi has also teamed up with Etihad Airways and Boeing Commercial Airplanes on a pioneering project to develop a new aviation fuel.
Posted by Neil King