BP Takes Biofuels Stake

BP HAS acquired a 30% stake in Green Biofuels Ltd (GBF), which claims to be 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 a direct drop-in replacement for diesel.
The investment will expand BP’s global biofuels portfolio and its lower carbon solutions for UK customers, in line with its aim of growing its bioenergy businesses as it transitions to become an integrated energy company.

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