In the UK, Technip Energies said it has been awarded the Front-End Engineering Design (FEED) contract by bp for the H2Teesside project in the North East of the United Kingdom. The company said that H2Teesside is expected to be one of the UK’s largest low-carbon hydrogen production facilities – fully integrated with carbon capture technology. […]
In China, Reuters reported that Chinese biofuel firm Zhejiang Jiaao Enprotech said its sustainable aviation fuel unit has entered an investment deal with BP. The report said that BP has agreed to invest a total of $49.56 million for a 15% stake in Lianyungang Jiaao Enproenergy Co, which is building a 500,000 ton per year […]
In China, Reuters reports BP has invested $49.5 million in Zhejiang Jiaao Enprotech’s SAF unit in exchange for a 15% shareholding. The company currently has a 500,000 ton per year SAF plant under construction in the eastern coastal city of Lianyungang. The investment represents the first SAF investment in China by an oil major. Zhejiang […]
In Washington Brownfield Ag News reports ethanol production hit a record high last week at 1.109 million barrels per day, up 44,000 bpd on the year, and 14,000 compared to the week prior. The previous record was slightly lower at 1.108 million in December 2017. Stocks are at a 10 week high of 23.973 million […]
In the UK, Reuters reported that BP aims to construct five to 10 low-carbon hydrogen projects this decade in order to produce clean fuels and reduce greenhouse emissions. BP’s CEO Murray Auchincloss said that the green hydrogen, produced through electrolysis using renewable power, will be used to produce sustainable aviation fuel and decarbonise BP’s refining […]
In Oman, DEME and OQ have announced a partnership with bp for the HYPORT Duqm project, a major green hydrogen initiative in Oman where bp will acquire a 49% stake in the project, while OQ and DEME will each retain 25.5%. This collaboration will see bp becoming a key player in the green hydrogen project […]
In the UK, Energy News reported that BP will invest $48.54 million to acquire a 15% stake in Lianyungang Jiaao New Energy, a producer of renewable diesel and sustainable aviation fuels. The Chinese firm is owned by Zhejiang-based Jiaao Enprotech. Lianyungang Jiaao New Energy has a SAF production capacity of 100,000 tons per year, according […]
In China, Platts reports bp is investing $48.5 million in renewable diesel and sustainable aviation fuel producer Lianyungang Jiaao New Energy, securing it 15% of the company, ahead of the expected SAF mandates that are likely to be announced soon in the country. Currently the company’s parent, Jiaao Enprotech, has 100,000 metric tons of SAF […]
In Washington, the Energy Information Administration reports ethanol production rose last week to 1.064 million barrels per day, an increase of 21,000 bpd compared to the week prior but mostly steady compared to the year before. Margins for most producers remain strong, encouraging production to increase. Stocks continued to grow, reaching 23.594 million barrels, up […]
In the UK, bp said it has agreed to acquire Bunge’s 50% holding interest in its bp Bunge Bioenergia S.A. joint venture, one of Brazil’s leading biofuels-producing companies. Upon completion, bp said it will become sole owner of the industrial scale sugarcane and ethanol business. The enterprise value of the stake to be acquired is […]
