In Louisiana, BP announced it would shutter its Jennings advanced biofuel demo plant, laying off 56 employees. The company said in December that it hoped to sell the sugarcane bagasse-based plant by April but it hasn’t received any acceptable offers, choosing instead to mothball it.
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In the UK, ABF has acquired BP’s 47% stake in Vivergo Fuels, bringing the company’s total shareholding in the facility to 94%. The facility reached full production capacity in 2014 and supplies half of the UK’s ethanol demand as well as animal feed.
BP Biofuels is a leading global biofuels player, with a breadth of investment that is unique in terms of both its scale and its reach. Since 2006, BP has announced investments of more than $2 billion in biofuels research, development and operations, and has production facilities operating or in the planning/construction phases in Brazil and […]
In Brazil, BP Biocombustiveis is looking to finance investments in its local businesses such as expanding sugarcane production through a capital increase of $126 million, following a similar capital hike of $94 million last month. Shareholders will vote on the plan on Feb. 4.
Tell us about your company and it’s role in the Advanced Bioeconomy. MBP Group works closely together with a number of manufacturing companies that process biological products. We manage their by-products and ensure that this potential waste is brought to optimal use in the bioeconomy. Examples of applications are: HFO and LFO replacement, CHP fuel, […]
The complete details on BP’s exit and the considerable physical and intellectual assets available for acquisition, in part or in whole. As BP continues to reel from its oil leak capital calls and the impact of crashing oil prices, they dropped a bombshell in recent weeks: “The current challenging external business environment is resulting in […]
BP to make major job cuts, sell assets as energy prices fall: lignocellulosic business goes on the block
Butamax, KRL, Vivergo, sugarcane ethanol business not impacted by cuts; consolidation to Brazil; San Diego research center, Highland feedstock operation also up for sale. In the UK, news broke from BP headquarters that the company has determined to divest the cellulosic biofuels business amidst an overall corporate retrenchment, in the face of falling energy prices, […]
In Peru, BP has announced an equity investment of an undisclosed amount in Pure Biofuels del Peru. Based in Lima, Pure Biofuels is a leader in the Peruvian refined fuels and distribution services markets. Pure Biofuels currently has over 1,000,000 barrels of liquid fuels storage at the Port of Callao, the largest port on the […]
In Switzerland, MBP Group has earned RSB sustainability certification for their waste material collection, trading and distribution activities. “MBP Group was built on a sustainable background, adding as much value as possible to industrial by-products. Sustainability was – and still remains – a key ingredient of our business activities and its success. We are pleased […]
In Washington, the Energy Information Agency says that ethanol production has reached a record 972,000 bpd during the week ending June 13, up from the previous record of 963,000 bpd reached at the end of 2011. Higher gasoline prices are pushing demand for ethanol, so even though production hit an all-time high, stocks still dropped […]