BP to evaluate expanding, diversifying its biofuel operation in Brazil [Globe and Mail, The (Toronto, Canada)]
BP p.l.c. (BP)
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Source: Globe and Mail, The
decrease will evaluate expanding and diversifying its biofuel operation in Brazil, looking at new products such as second-generation ethanol and sustainable aviation fuel after buying out Bunge from their joint venture BP Bunge Bioenergia. The company said in written comments to Reuters that it wants to use the venture's massive biofuel base in Brazil – an industrial complex with 11 plants in five states processing sugarcane – to develop key projects to support the broader BP view for bioenergy. The Brazil complex “is a scalable bioenergy platform with cost advantages,” it said. “We will seek to explore new growth opportunities in the region and develop new bioenergy platforms, such as next-generation ethanol, SAF, e-fuels and biogas,” BP added, using an acronym for sustainable aviation fuel. The strategy of the British oil major follows Shell, which partnered with Brazilian sugar and ethanol giant Cosan years ago to form Raizen SA, which is developing the world's largest cellu
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