BP to evaluate expanding, diversifying its biofuel operation in Brazil

will evaluate expanding and diversifying its biofuel operation in Brazil, looking at new products such as second-generation ethanol and sustainable aviation fuel after buying out Bunge from their joint venture BP Bunge Bioenergia.

The Brazil complex “is a scalable bioenergy platform with cost advantages,” it said. “We will seek to explore new growth opportunities in the region and develop new bioenergy platforms, such as next-generation ethanol, SAF, e-fuels and biogas,” BP added, using an acronym for sustainable aviation fuel.

“Good biofuels – those that actually help achieving emissions savings – are still seen as having an important role to play,” said biofuels expert Soren Jansen, a former executive at Brazil’s Copersucar.

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