BP Looks To Expand Its Biofuels Business ...Middle East

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BP Looks To Expand Its Biofuels Business
source : OILPRICE ( Middle East ) () 49
Supermajor BP is weighing the possibility of investing directly in feedstock crop farming and buying stakes in producers of biofuel feedstock as it is accelerating its biofuels business, Nigel Dunn, Senior Vice President Biofuels at BP, told Reuters in an interview published on Wednesday. "Biofuels are an easy way for our customers to make progress decarbonizing and, over the next decade, we expect demand to rise quickly," Dunn says in BP's recent overview of its bioenergy business. BP plans to have five biofuel plants built…

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