BP and Johnson Matthey (JM) have signed an agreement with Fulcrum BioEnergy to license their Fischer Tropsch (FT) technology to support Fulcrum’s drive to convert municipal solid waste into biojet fuel.
BP and JM have developed a simple-to-operate and cost-advantaged FT technology that can operate both at large and small scale to economically convert synthesis gas, generated from sources such as municipal solid waste and other renewable biomass, into long-chain hydrocarbons suitable for the production of diesel and jet fuels. Fulcrum will use the BP and JM technology in their new Sierra BioFuels Plant located in Storey County, Nevada, approximately 20 miles east of Reno.
The Sierra plant will be the first commercial-scale plant in the US to convert municipal solid waste feedstock, or household garbage that would otherwise be landfilled, into a low-carbon, renewable transportation fuel. When the plant begins commercial operation, planned for the first quarter of 2020, Sierra is expected to convert approximately 175,000 tons of household garbage into approximately 11 million gallons of fuel each year: equivalent to the fuel needed for more than 180 return flights between London and New York.
Angelo Amorelli, BP’s technology vice-president of group research, said: “Through our partnership with Johnson Matthey, we have developed a robust high-quality technology built on great science and great engineering. Our technology can help deliver innovative low carbon fuels that can play an important role in the energy transition. We see this first licence as a stepping stone to other similar opportunities.”
Eugene McKenna, Business Development and Innovation Director at JM added: "JM is a leader in science that makes the world cleaner and healthier and in bringing this latest technology to market, we continue to apply our expertise to tackle some of the world’s biggest challenges. We are delighted that Fulcrum has selected this technology to support their ambitions in supplying renewable fuels at significant scale. This is an important step in decarbonising transportation fuels and we will continue to use our science and engineering skills to facilitate wider adoption of this technology."
Both BP and JM have been developing FT technology for over 30 years and in 1996 joined forces to incubate and further develop the technology. Together they have developed a system that delivers three times the productivity of a conventional multi-tubular fixed bed reactor and halves the capital expenditure when compared to traditional FT reactors. The technology also delivers significant environmental and operational benefits.
Working together, BP and JM won both the Research Project Award and the Oil and Gas Award at the prestigious IChemE Awards in November 2017 for their work on FT technology.
“We have been following BP and Johnson Matthey’s progress for several years, including the demonstrated performance and reliability of their innovative design. We are pleased to partner with them and license this improved FT technology for our Sierra BioFuels Plant,” said Jim Macias, Fulcrum BioEnergy President and Chief Executive Officer. “The BP/JM technology enhances the value of Fulcrum’s process for converting waste to low-carbon, drop-in fuels. We look forward to working with BP and JM as we build out our large development program.”
BP press office, London: +44 (0)207 496 4076, email@example.com
Johnson Matthey: Rebecca Williams, +44 (0)207 269 8400, Rebecca.Williams@matthey.com
In order to utilize the ‘safe harbor’ provisions of the United States Private Securities Litigation Reform Act of 1995 (the ‘PSLRA’), BP is providing the following cautionary statement. This press release contains certain forward-looking statements - that is, statements related to future, not past events and circumstances – which may relate to one or more of the financial condition, results of operations and businesses of BP and certain of the plans and objectives of BP with respect to these items. These statements are generally, but not always, identified by the use of words such as ‘will’, ‘expects’, ‘is expected to’, ‘aims’, ‘should’, ‘may’, ‘objective’, ‘is likely to’, ‘intends’, ‘believes’, ‘anticipates’, ‘plans’, ‘we see’ or similar expressions. Actual results may differ from those expressed in such statements, depending on a variety of factors including the risk factors set forth in our most recent Annual Report and Form 20-F under “Risk factors” and in any of our more recent public reports.
Our most recent Annual Report and Form 20-F and other period filings are available on our website at www.bp.com, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at www.sec.gov.