bp to acquire a 28.57% stake in Gasrec.

bp, an oil and petrochemicals company, agreed to acquire a 28.57% stake in Gasrec, an operator of refueling facilities and liquefied gas fuel. Financial terms were not disclosed. “Bio-LNG and bio-CNG play a crucial role in the energy transition and decarbonization of the heavy-freight industry and is another example of how we’re helping decarbonize hard-to-abate sectors. We’re excited to work with an industry leader like Gasrec to increase the supply of biomethane for HGV customers. This investment further expands bp’s global renewable gas portfolio, an area which we believe will have an increasingly important role on the path to net zero," Carol Howle, bp EVP Trading and Shipping.