BP Targets Availability of Two New Biofuels by 2014

Bloomberg News
By Kari Lundgren on July 18, 2012

BP Plc (BP/) is testing two advanced biofuels that could be commercially available by 2014, said Philip New, chief executive officer of the U.K. petroleum company’s biofuels unit.

The company is planting energy grasses to feed a 36 million gallon-a-year cellulosic ethanol plant planned in Florida, he said in an interview in London today. A demonstration biobutanol plant in Hull, England, is operating, New said. A bioethanol plant in the same location should be producing by the end of this year, he said.

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