(Reuters)--bp has approved the development of a green H₂ facility at its Castellon refinery in Spain and is expected to make a final investment decision on a 100-MW green H₂ project in Germany by the end of the year. These projects aim to produce sustainable aviation fuel and green H₂, supporting bp's decarbonization efforts. This announcement follows bp's stronger-than-expected $2.76-B profit for the second quarter and increased dividend. bp's move into H₂ comes after Shell's recent decision to advance a similar project at its German refinery.

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