29 Oct '12, 8am

BP cancels plans for Highlands cellulosic ethanol plant in US; investing in “more attractive projects”

BP cancels plans for Highlands cellulosic ethanol plant in US; investing in “more attractive projects” 29 October 2012 BP last week announced it was canceling plans to build a commercial-scale cellulosic ethanol plant in Highlands County, Florida and refocusing its US biofuels strategy on research and development as well as licensing its biofuels technology. The Highlands project (formerly known as Vercipia Biofuels, earlier post ) was targeted to be the first commercial-scale cellulosic biofuel plant using dedicated energy grass. The progenitor of the Highlands project, Vercipia biofuels, was initially a 50-50 joint venture between BP and Verenium. (Earlier post .) In 2010, BP acquired Verenium’s cellulosic biofuels business, including its stake in Vercipia. Given the large and growing portfolio of investment opportunities available to BP globally, we believe it is in the...

Full article: http://www.greencarcongress.com/2012/10/bphighlands-20121...

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