Bernard Looney's townhall at the newly-opened bp Spain headquarters in Madrid

[Music] so we've got ev charging we've got light source bp here we've done five projects in spain already we've got a three gigawatt pipeline we're taking that pipeline we're taking it into trading and shipping and they're helping us to optimize that we've got hydrogen suddenly spain has this incredible new resource that's been around forever but that's never been harnessed to its truest potential which is what any one of your children would look at and say duh of course that's obvious why wouldn't we take the sun in the iberian peninsula why wouldn't we take the abundance of wind that happens to be coupled very nicely in some parts of the world or in some parts of spain to enable us to a generate power of course but equally and increasingly importantly generate green hydrogen and what about imagining a world where we were able to export green hydrogen to northwest europe imagine the materiality of that business [Music] we're going to grow in spain through this decade we're going to grow materially and the reason we're going to grow is because we've embraced the energy transition and the opportunities that come with that and we have the skills and capabilities that we can leverage into that space that are going to make a massive difference in the future [Music] 20 airports in spain they want saf you want to give them sustainable aviation fuel we're going to do that i'm here because spain is the future spain's got growth and if you're in business which we are you gotta grow and i've come to where the growth is [Music] ours right the three core vectors of growth and those are bio slash saf with the integration into the castillon refinery which i had the pleasure of visiting amazing team the second one being actually significant growth in ev we've been working extensively on it with ville de fonzo and again a long trajectory we can actually build a super attractive position in terms of market leadership and the third one being hydrogen there's you know one opportunity which is hydrogen for spain but a huge opportunity of hydrogen to methanol and ammonia for export and then if we get the pipeline in which is where we need the advocacy to come in like just export into northwest europe which is going to be super short of hydrogen so i think it's core business plus all the free growth vectors and those three growth vectors are super aligned to what we're trying to do in terms of the transition growth factors [Music] you

Channel: bp

Views: 6,739

Keywords:

Id: iI5qOc-eSfk

Length: 3min 13sec (193 seconds)

Published: Wed Jul 13 2022