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 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 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 […]
In Brazil, Reuters reports bp plans to expand its biofuel production following the buyout of its 50/50 JV with Bunge in the country. Second generation ethanol, e-fuels, biogas and sustainable aviation fuel are likely on the cards with BP Bunge Bioenergia’s massive 11 ethanol plants around the country ready to scale. Most sugarcane refiners in […]
In Brazil, Bunge Global SA has entered into definitive agreements to sell its 50% share in BP Bunge Bioenergia to bp, its joint venture partner. BP Bunge Bioenergia, a joint venture formed in 2019, combined both companies’ Brazilian bioenergy and sugarcane ethanol businesses with a total of 11 mills located across the Southeast, North and […]
In Texas, bp’s Archaea Energy announced the official startup of its largest original Archaea Modular Design (AMD) renewable natural gas plant to date in Shawnee, Kansas, just outside of Kansas City. The plant, which is fully-owned by Archaea, is located next to a large, privately-owned landfill. Using the AMD, the Shawnee plant captures the gas […]
In the UK, bp and BASF have signed a license agreement for the use of BASF’s gas treating technology, OASE white, to capture carbon dioxide (CO2) generated during hydrogen production at bp’s proposed blue hydrogen facility in Teesside, H2Teesside. BASF have been supporting H2Teesside since Autumn 2023 and their engineering delivery package is already well […]
In Germany, by the end of the decade, bp is planning to gradually restructure the Gelsenkirchen site in such a way that it can follow the path of the energy transition and use its potential. bp plans, subject to appropriate permits, to enable the production of lower-emission fuels using co-processing in the hydrocracker plant at […]
In the UK, Bloomberg reports that activist investor BlueBell is calling on bp to halt future investment in renewable energy and instead invest $1.5 billion annually on oil and gas through 2030 while cutting $28 billion in investment by then in bioenergy, hydrogen and renewables & power. The hedge fund, which also agitated for change […]
In India, BNN Breaking reported that global oil firm BP has recently received a favorable recommendation from the Environmental Protection Authority (EPA) for its innovative plan to repurpose its former oil refinery in Kwinana, Australia. The project underscores the company’s commitment to producing renewable diesel using vegetable oils and animal fats, according to the report.
