bp exploring investing in biofuel feedstock to producers to secure supply chain for HEFA

In the UK, Reuters reports that bp is exploring investing in biofuel feedstock producers as it works to achieve its 2030 goal of 100,000 barrels per day of biofuels as it seeks to shore up feedstock for its five more planned HEFA facilities. Feedstock supplies are limited and the race is on to secure them, so bp is likely to invest in feedstocks to ensure supplies. The final investment decision on a HEFA plant in Australia is expected for this year.

Category: Fuels