BP Acquires Stake In Gasrec

BP HAS acquired a 28.57% stake in Gasrec, the UK’s largest dual provider of bio-Liquified Natural Gas (LNG) and bio-Compressed Natural Gas (CNG) to road transport. Gasrec builds, owns and operates biomethane refuelling stations.
BP will supply Gasrec with renewable biomethane produced mainly from organic wastes, such as food and dairy manure. The investment will expand BP’s UK footprint in renewable gas production and distribution.
Carol Howle, EVP trading and shipping at BP, said: “Bio-LNG and bio-CNG play a crucial role in the energy transition and decarbonisation of the heavy-freight industry.”

Share this story