Monday, 06 March 2017

BP buys into biogas

BP has brought into the biogas sector, snapping up Clean Energy Fuels Corp's biomethane production assets for $155 million on March 1st. The move further expands its gas supply portfolio in the US and reflects a strategic shift toward less carbon-intensive projects.

BP said in a strategy update on Feb 28th that it was exploring new investments in low-carbon forms of energy, a part of the industry in which it sees significant future business potential.

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