BP and Biofuels

We’ve led the way for our industry on climate change and we’re determined to do the same for biofuels.

We were the first major oil company to press for precautionary action on climate change and have taken bold steps to improve our energy efficiency and cut greenhouse gas emissions from our operations.

In 2005, we announced that we planned to invest $8 billion in Alternative Energy over 10 years. We're on track to meet that commitment by building commercially viable low-carbon energy businesses, including several biofuels ventures with real potential. 

As an industry leader and innovator, we’ve also taken bold steps by publicly committing to invest significantly to build our own biofuels operations and work in partnerships to develop new processes, feedstocks and technologies.

Our biofuels business today

Building our biofuels capacity isn’t a step into the unknown, because we’re already a market leader. We blend and market biofuels in our FVCs; almost 6.5 billion litres of biofuels were blended into finished product in 2013, mainly in Europe and the US. Since 2006 we've already invested almost $3 billion to build existing operations and research and development capability – often working in partnership with other businesses and academic bodies to develop the technologies, feedstocks and processes required to produce advanced biofuels.

Our biofuels vision

We’ve got a clear vision for our biofuels business. We aim to research, develop and produce sustainable biofuels – clean, reliable alternatives to fossil fuels for transport that deliver real reductions in greenhouse gas emissions and help to improve security of energy supply. We believe the science and technology needed to make our vision a reality is already in place.

Our biofuels strategy

We’re focused on three key strategic objectives:
  • Produce biofuels from the best feedstocks available today, including Brazilian sugar cane, while pushing for higher standards that bring cleaner, sustainably produced biofuels onto the market in greater quantities
  • Invest in new feedstocks, including cellulosic biofuels made from ‘for purpose’ energy grasses, that have minimal impact on food supplies
  • Develop technologies to create advanced biofuels with a higher energy content and even greater environmental benefits