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Synopsis
bp, a British oil and gas company, completed the acquisition of a 30% stake in Green Biofuels, a provider of renewable diesel fuels. Financial terms were not disclosed. “We are delighted to be working with Green Biofuels, who are at the forefront of HVO supply in the UK market, providing their customers with solutions to help them take steps to decarbonize today. We look forward to supporting their continuing growth and working together on these immediately available alternatives. This investment further expands our biofuels portfolio, as we transition to become an integrated energy company," Sven Boss-Walker, bp SVP.
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