The proposed H2-fired station will produce enough electricity to power the equivalent of a quarter of a million UK homes. Involved parties include BP, ConocoPhillips, Shell and Scottish and Southern Energy. The design plan is to place a natural gas reformer unit alongside the existing gas-fired Peterhead power plant, where it would convert natural gas to hydrogen and carbon dioxide. The hydrogen would fuel the turbines for electricity production, and the carbon dioxide would be pumped into the nearly-depleted offshore oil fields [shown in graphic]to extend oil production for several more years. News sources do not mention where the natural gas will originate from, something presumably known to the Lord.

Lord Browne, the chief executive of BP, said "if just 5 per cent of the world's electricity generating capacity was based on the new technology then by 2050 global carbon dioxide emissions could be reduced by one billion tonnes a year".
From the press release: "The partners will proceed with design work with the aim of confirming the economic feasibility of the scheme. This work would be expected to be complete in the second half of 2006. This will allow a final investment decision to be taken next year, subject to which the project would then be expected to commence operation in 2009.


http://www.treehugger.com/files/2005/07/first_hydrogenf.php