About bp
bp supplies customers around the world with heat, power, and mobility products. bp’s purpose is to reimagine energy for people and our plant with an ambition to become a net-zero company by 2050 or sooner and help the world reach that goal. bp is transitioning from an International Oil Company to an Integrated Energy Company, as evidenced by rapidly growing renewable project portfolio in hydrogen, biofuels, wind power, smart grid, and solar.
bp aims to become a leader in delivering efficient decarbonisation solutions, particularly through hydrogen and aim to capture 10% of the clean hydrogen market in core markets by 2030. This includes playing a material role in the development of a hydrogen economy in Germany and beyond.
For bp, we see hydrogen playing a significant role in our strategy for delivering our net zero ambition and long-term value for shareholders. We are working with our partners on developing low carbon hydrogen production and supporting industry scale-up to drive down costs and enable the hydrogen economy of the future.
bp is widely supporting industry and partners to help scale up the hydrogen economy, including at COP26, bp, alongside 27 other companies, the World Business Council for Sustainable Development (WBCSD) and The Sustainable Markets Initiative (SMI) announced an ambitious hydrogen pledge to be achieved by 2030.
In Germany, bp employs around 4,700 people and, with a turnover of almost EUR 21 billion in 2020 (including energy tax), is one of the world’s leading companies.
Millions of customers use the products and services under the bp, Aral, and Castrol brands every day. bp also operates the second largest refining system in Germany and, with around 2,400 Aral stations, is the market leader in the retail stations market. More information can be found at www.bp.com
