Bp acquires stake in biofuels producer

The energy major entered into a long-term offtake agreement with Nuseed for the production of sustainable biofuels in February 2022.

Source: Nuseed

bp has acquired a 30% stake in Green Biofuels (GBF), the UK’s largest provider of hydrogenated vegetable oil (HVO), and will work with the company to help decarbonise businesses across the construction, freight, off-road, and marine industries.

Continue this article…

Already subscribed? SIGN IN now

V2-MS

Sign up for FREE to continue this article!

Want to read more before deciding on a subscription? It only takes a minute to sign up for a free account and you’ll get to enjoy:

  • Weekly newsletters providing valuable news and information on the shipping sector
  • Full access to our news archive
  • Live and archived webinars, podcasts and videos
  • Articles on innovations and current trends in the shipping industry
  • Our extensive archive of data, research and intelligence

Get more free content sign up today

Ready to subscribe? Choose from one of our subscription packages for unlimited access!