BP invests in HVO supplier Green Biofuels

BP has bought a 30% stake in the UK’s largest provider of hydrogenated vegetable oil (HVOs) as it looks to transition away from diesel usage in transport.

The investment in Green Biofuels expands BP’s biofuels portfolio, as well as its lower carbon solutions for customers.

It follows a 28.57% acquisition in Gasrec at the end of 2021, expanding the oil giant’s footprint in renewable gas production and distribution in the UK.

For the latest stories register here for the Transport News Bulletin. 

Share this story