BP to invest $48.54 million in China biofuels producer as market anticipates SAF mandates soon

Capt. John

BP will invest Yuan 353 million ($48.54 million) to acquire a 15% stake in Lianyungang Jiaao New Energy, a renewable diesel and sustainable aviation fuel producer owned by Zhejiang-based Jiaao Enprotech, according to a company report published July 9. Jiaao Enprotech has 100,000 mt/year of SAF...

https://www.hellenicshippingnews.com/bp-to-invest-48-54-million-in-china-biofuels-producer-as-market-anticipates-saf-mandates-soon/

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