In Spain, bp launched the green hydrogen cluster of the Valencia region (HyVal) at its Castellón refinery. Led by bp, this public-private collaborative initiative is intended to be based around the phased development of up to 2GW of electrolysis capacity by 2030 for producing green hydrogen at bp’s refinery. HyVal is expected to play an […]
In the UK, bp, the official fuel supplier to the Repco Supercars Championship, announced that a new lower carbon fuel, bp E75 Racing Fuel, will debut in the Supercars from Round 1 in Newcastle. The new race fuel contains more than 80% of second generation fuel components that are sourced from renewable feedstocks. The Repco […]
In Australia, the Government of Western Australia has welcomed the latest milestone for bp’s A$1 billion Kwinana Renewable Fuels project. The Kwinana project is one of five biofuel refineries bp has planned globally and is scheduled to be the first to come online. It is part of bp’s commitment to transform the former refinery into […]
In Texas, bp completed its purchase of Archaea Energy, a leading provider of renewable natural gas (RNG), marking a milestone in the growth of bp’s strategic bioenergy business. In October, bp announced it had agreed to acquire Archaea, subject to regulatory and Archaea shareholder approval. Having received those approvals and with the transaction complete, Archaea […]
In the UK, bp announced that it has agreed to acquire Archaea Energy Inc., a leading producer of renewable natural gas in the US. The agreed acquisition, which is subject to regulatory and Archaea shareholder approval, will be for $3.3 billion in cash, as well as around $800 million of net debt. Acquiring Archaea will […]
In the UK, bp has submitted a bid for its proposed large-scale green hydrogen plant, HyGreen Teesside, to the UK Government’s Hydrogen Business Model (HBM) and Net Zero Hydrogen Fund (NZHF). Both the HMB and NZHF seek to set up the UK’s low-carbon hydrogen economy and support commercial development. The company also established four new […]
In Illinois, Governor Pritzker announced that his administration has taken steps to proactively address a shutdown at a BP facility in Whiting, Indiana caused by an electrical fire. Illinois, along with Indiana, Michigan, and Wisconsin, requested and were granted an emergency waiver of federal fuel regulations from the United States Environmental Protection Agency (EPA). The […]
In Brazil, Reuters reports Valor Economico has discovered that Raizen and Abu Dhabi’s Mubadala are potential buyers of BP Bunge Bioenergia, which the two companies have decided to put up for sale. The joint venture is valued at around $1.96 billion and JP Morgan has confirmed that it will advise BP Bunge Bioenergia on the […]
In Australia, Reuters reports bp plans to produce sustainable aviation fuel in the country by 2025 following an investment of “hundreds of millions of dollars” to revamp its Perth refinery. Biodiesel will also be produced at the facility due to the strong presence of mining in the region that is reliant on diesel fuel, so […]
In Australia, Upstream Online reports that Australian government will invest $52 million in bp’s former refinery at the Kwinana site in Western Australia that is being converted to produce renewable fuels. An electrolyzer of at least 75MW is being developed jointly with Macquarie Group to produce green hydrogen in addition to storage and transportation infrastructure […]
