HomeNewsbp Expands Investment in Bioenergy, Collaborating with US Biofuels Developer WasteFuel

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bp Expands Investment in Bioenergy, Collaborating with US Biofuels Developer WasteFuel

7/7/2023

bp- press release    bp invests $10 million in WasteFuel, which is planning to develop a global network of plants to convert municipal and agricultural waste into bio-methanol, a biofuel which could play a significant role in decarbonizing hard-to-abate sectors like shipping. The investment allows WasteFuel to advance its plans to develop its first waste-to-bio-methanol plant in the UAE. bp and WasteFuel have entered a memorandum of understanding for bp to offtake the produced bio-methanol and for the companies to collaborate on improving bio-methanol production yields & economics. bp expanded its investment in bioenergy today as bp ventures com

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