Tag: BP

Bp to buy Archaea Energy for $4.1B

Bp to buy Archaea Energy for $4.1B

October 17, 2022 |

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 […]

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bp moves forward with HyGreen Teesside

bp moves forward with HyGreen Teesside

October 13, 2022 |

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 […]

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Illinois to allow more ethanol blending in light of BP refinery fire

Illinois to allow more ethanol blending in light of BP refinery fire

August 30, 2022 |

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 […]

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BP and Bunge looking to sell their biofuel JV for $1.96B

BP and Bunge looking to sell their biofuel JV for $1.96B

August 9, 2022 |

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 […]

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bp to produce SAF and biodiesel at Perth refinery by 2025

bp to produce SAF and biodiesel at Perth refinery by 2025

July 14, 2022 |

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 […]

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BP gets government funding for Kwinana hydrogen hub

BP gets government funding for Kwinana hydrogen hub

April 20, 2022 |

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 […]

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Nuseed and bp Products North America agree long-term offtake agreement

Nuseed and bp Products North America agree long-term offtake agreement

March 22, 2022 |

In Illinois, Nuseed and bp Products North America Inc, have entered into a long-term strategic offtake and market development agreement, that will see bp, or its affiliates, purchase Nuseed Carinata oil to process or sell into growing markets for the production of sustainable biofuels.  The agreement is for an initial 10-year term and will see […]

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BP licenses UOP’s Ecofining technology for Western Australia SAF project

BP licenses UOP’s Ecofining technology for Western Australia SAF project

February 28, 2022 |

In Illinois, Honeywell announced that BP and Honeywell have signed a licensing agreement for Honeywell UOP’s Ecofining technology. BP is undergoing pre-feed engineering for its proposed diesel and sustainable aviation fuel (SAF) project in Western Australia. BP plans to convert hydroprocessing equipment at its former refinery site in Kwinana, Australia, to produce approximately 10kbd diesel […]

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Lansing, Michigan’s first waste-to-energy facility opens

Lansing, Michigan’s first waste-to-energy facility opens

February 27, 2022 |

In Michigan, global sustainable energy producer EDL and key project stakeholders bp, Consumers Energy and Granger Waste Services welcomed the start of operations at the Wood Road Renewable Natural Gas (RNG) Facility. The landfill gas to RNG facility is the first of its kind in Lansing, Michigan. EDL Head of North America Operations Raymond Ivers […]

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bp acquires 30% stake in Green Biofuels

bp acquires 30% stake in Green Biofuels

February 3, 2022 |

In the UK, bp has acquired a 30% stake in Green Biofuels Ltd (GBF), the UK’s largest provider of hydrogenated vegetable oil (HVO). GBF’s products are made from renewable feedstocks such as vegetable oils, animal oils and fat.  The product range includes HVO Gd+, a low emission advanced HVO fuel that can be used as […]

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