December 2, 2023

BP Oil & Gas Expands Brazil's Biofuel Production

BP Oil & Gas Expands Brazil's Biofuel Production

BP, an oil and gas company, and Bunge, an American agri-food company, will set up BP Bunge Bioenergia to produce biofuels in the Brazilian market.

32 will be grown for biofuel productionmillion tons of sugar cane per year. From this amount, 2 billion liters of biofuel will be produced, which will be enough to fuel 1 million cars annually. 

BP is doubling its existing biofuels business. The enterprise will create 10,000 new jobs. It is planned that 70% of cars in Brazilwill switch to biofuels in the next 10 years. 

Brazilian government supports developmentproduction of ethanol from sugarcane and is driving growth of the biofuel market. In 2018, ethanol production from domestically grown sugarcane was about 26 billion liters. The Brazilian leadership is introducing a new transport policy — RenovaBio — to increase ethanol production. 

Biofuels reduce greenhouse gas emissions by up to 65 percent, making them greener. The energy sector is also being developed in our country; the first solar power plant has been launched in the Omsk region. 

 text: Ilya Bauer, photo: