Our progress in 2019
Expanded our biofuels business in Brazil by more than 50% through a joint venture with Bunge to create BP Bunge Bioenergia.
Began rolling out BP Chargemaster ultra-fast charging points across BP forecourts in the UK and piloted ultra-fast charging at Aral forecourts in Germany.
Started BP Launchpad, our scale-up factory, designed to help quickly grow disruptive technologies and business models which could become future BP business units.
Increased our stake in Lightsource BP to create a 50:50 joint venture. Since our initial investment in 2017, Lightsource BP has signed major projects across Europe, the Americas and Australia.
Invested a further $30 million in Fulcrum Bioenergy, a pioneer in making low carbon, low-cost transportation fuels from household waste.
Expanded our digital energy portfolio by investing in energy management with Grid Edge, in the UK and R&B in China. Both can help customers predict, control and optimize a building’s energy use.
Taken a leading role in the OGCI’s Net Zero Teesside project in the UK. Using integrated carbon capture, use and storage, the project aims to store the carbon dioxide emissions of the carbon-intensive industries situated within the Teesside industrial cluster.