In Brazil, Bloomberg reports BP is reportedly considering selling its Brazilian biofuels business, according to Bloomberg, as the company continues reviewing its portfolio and capital allocation. The business is bp Bunge Bioenergia, which BP took full ownership of in 2024 after acquiring Bunge’s 50% stake for an enterprise value of about $1.4 billion. It operates […]
In the UK, Gas World reports BP plans to sell its Archaea Energy biogas business as part of a broader strategy to streamline its portfolio and focus on higher-value assets. The company acquired Houston-based Archaea for $4.1 billion in 2022 to expand its renewable natural gas business but now considers the operation non-core. BP said […]
In Spain, Iberdrola España and bp have received approval from Spain’s Ministry for Ecological Transition and the Demographic Challenge, through the Institute for Energy Diversification and Saving (IDAE), to reallocate up to €211 million in funding from the Hy2USE IPCEI program to their project in Castellón. The funding will allow the companies to explore opportunities […]
In Missouri, Bayer and bp announced that they have entered into a long-term strategic alliance to jointly scale the crop camelina, under the brand name newgold®. The alliance will commercialize camelina starting in North America. bp brings expertise in fuels and refining, while Bayer will utilize its industry leading expertise in seed technology, as well […]
In the UK, bp and Corteva Inc. announced the launch of Etlas, their new 50:50 joint venture that will produce oil from crops – including canola, mustard and sunflower – for use in the production of biofuels like sustainable (or synthetic) aviation fuel (SAF) and renewable diesel (RD). Etlas will harness both Corteva’s century-long expertise […]
In the UK, Reuters reported that BP has stopped work on its Rotterdam biofuels plant, , marking the latest in a string of abandoned biofuels projects by oil companies such as BP and Shell in the face of weak demand. In recent months BP has halted plans to build standalone biofuels plants at its Kwinana […]
In the Netherlands, The Telegraaf newspaper reports BP is pulling the plug on its plans for a biofuels plant in the Europoort in Rotterdam. The staff reacted. “This was the last green project in the Netherlands we had.” In the procedure, about a hundred jobs reportedly disappear. BP has one of the largest refineries in […]
In the UK, bp has successfully led a taskforce to achieve approval from the UK Ministry of Defense for co-processing Sustainable Aviation Fuel (SAF) with up to 30% renewable hydroprocessed Esters and Fatty acids HEFA feedstock concentration, a significant increase from the current limit of 5%. This standard is now approved for the production of […]
In Spain, Bloomberg reports that bp has taken the decision to pause investment in sustainable aviation fuel production expansion at its Castellon oil refinery, a project that was announced part of a wider $2.2 billion decarbonization plan back in 2023. A source told Bloomberg that the decision was taken because the SAF market wasn’t growing […]
In Australia, BoilingCold reports that after three years of development, bp has put it’s A$1 billion hydrogen and clean fuel projects at Kwinana refinery on hold, likely due to the country’s lack of a biofuel mandate. The company has decided to “recycle” their current plans for H2Kwinana and Kwinana Renewable Fuels with contractors and employees […]
