LONDON: Oil group BP PLC said Thursday it has formed a joint venture with ConocoPhillips, Shell Transport & Trading Co. and Scottish and Southern Energy to begin work on a project to generate "carbon-free'' electricity from hydrogen.
BP said the project, which would make use of a power station in northern Scotland and export the carbon dioxide to a North Sea oil reservoir, would require total capital investment of some US$600 million (euro497 million).
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