Global oil & gas giant bphas agreed to acquire a 40.5% equity stake in and to become operator of the Asian Renewable Energy Hub, which has the potential to be one of the largest renewables and green hydrogen hubs in the world. Based on the development of world-scale renewable power generation, AREH, in the Pilbara region of Western Australia, intends to supply renewable power to local customers in the largest mining region in the world and also produce green hydrogen and green ammonia for the domestic Australian market and export to major international users.AREH has plans to develop onshore wind and solar power generation in multiple phases to a total generating capacity of up to 26 gigawatts, which is around a third of all electricity generated in Australia in 20201. At full capacity, AREH is expected to be capable of producing around 1.6 million tonnes of green hydrogen or 9 million tonnes of green ammonia, per annum. Situated on a 6,500-square kilometre site, AREH is already in a highly advantaged position with access to abundant solar and wind resources with consistent output.The Pilbara is a globally competitive and energy intensive mining region with substantial energy demand and carbon emissions. At full capacity, AREH is expected to abate around 17 million tonnes of carbon in domestic and export markets annually, which would equate to roughly 0.5 gigatonnes of carbon savings over the lifetime of the project.