October 22, 2020

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 sugarcane per year. Of this amount, 2 billion liters of biofuel will be produced, which is enough for the annual refueling of 1 million cars.

BP doubles its existing biofuel business. The company will create 10,000 new jobs. It is estimated that 70% of Brazil’s cars will switch to biofuels in the next 10 years.

Brazilian government supports developmentproduction of ethanol from sugarcane and stimulates the growth of the biofuel market. In 2018, ethanol production from sugarcane grown in the country amounted to about 26 billion liters. Brazilian leadership introduces a new transport policy - RenovaBio - to increase ethanol production.

Biofuel reduces greenhouse gas emissions by up to 65 percent, green energy is being developed in our country, the first solar power plant has been launched in the Omsk region.

text: Ilya Bauer, photo: bp.com