financetom
Business
financetom
/
Business
/
BP Drops Teesside Hydrogen Project After Data Center Wins Approval
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
BP Drops Teesside Hydrogen Project After Data Center Wins Approval
Mar 10, 2026 9:09 PM

01:23 PM EST, 12/01/2025 (MT Newswires) -- BP (BP) withdrew its application to the UK government for a hydrogen and carbon capture project in Teesside, Northeast England, after a local council awarded primary consent to develop a data center on the site.

"We have taken the decision not to progress the development of H2Teesside and have withdrawn our Development Consent Order application for the project," BP said Monday in a statement.

The company said it continues to advance other Teesside investments, including Net Zero Teesside Power and the Northern Endurance Partnership.

The decision clears the site for a planned artificial intelligence growth zone, where the UK government aims to build one of Europe's largest data centers, spanning 500,000 square meters, the Financial Times reported.

Price: 36.45, Change: +0.34, Percent Change: +0.96

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Thai Airways has no plans to resume direct US flights, CEO says
Thai Airways has no plans to resume direct US flights, CEO says
Jul 9, 2025
SINGAPORE (Reuters) -Thai Airways International has no plans to resume direct flights to the United States, despite the U.S. upgrading Thailand's air safety rating this year to permit direct flights, CEO Chai Eamsiri told a Reuters NEXT Asia summit on Wednesday. To view the live broadcast of the World Stage go to the Reuters LIVE page: https://www.reuters.com/world/reuters-next-asia-live-global-leaders-address-challenges-opportunities-2025-07-07/  ...
BYD makes safety pledge for cars with proprietary assisted driving in China
BYD makes safety pledge for cars with proprietary assisted driving in China
Jul 9, 2025
BEIJING, July 9 (Reuters) - Chinese electric vehicle maker BYD on Wednesday promised to take responsibility for losses to cars with its God's Eye assisted driving systems in smart parking scenarios in China. BYD has achieved smart parking equivalent to level 4, meaning drivers can take their hands, eyes and minds off the driving task under certain conditions, with automakers...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Italy's UniCredit awaits ruling on Banco BPM deal after lifting Commerzbank voting stake
Italy's UniCredit awaits ruling on Banco BPM deal after lifting Commerzbank voting stake
Jul 9, 2025
MILAN (Reuters) -An appeal by UniCredit against Italian government conditions hampering its $17 billion bid for Banco BPM will be heard by a court on Wednesday, a day after it lifted its voting stake in another target - Germany's Commerzbank. The acquisition-hungry lender has asked the court to annul the government's decision, after saying that terms Rome set in April...
Copyright 2023-2026 - www.financetom.com All Rights Reserved