Our site uses cookies to facilitate your visit. By continuing, you agree to our use of cookies.

Cookie compliance notification

List of Cookies used on Argus Media

Analytics Cookie

These cookies allow us to count page visits and traffic sources so we can measure and improve the performance of our site, using a service provided by Google Analytics. The analytical cookies are non-intrusive, which explains why they are already set when a user accesses this website.

Cookies used: __utma, __utmb, __utmc, __utmz, __SC_ANALYTICS_GLOBAL_COOKIE, __SC_ANALYTICS_SESSION_COOKIE

Compliance Cookies

This cookie is placed if you click the Hide button in this message. It tells us you have read the message and stops this message from displaying.

Cookies used: CookieLawCompliance

Functional Cookies

These cookies are used to enable core site functionality like login and logout. They do not contain any personal information and are automatically deleted when you close your browser.

Cookies used: ASP.NET_SessionId, ARGUSFORMONLINE, SITELOGIN

BP cancels Florida cellulosic project

25 Oct 2012, 8.50 pm GMT

Houston, 25 October (Argus) — BP today abandoned plans for a commercial-scale cellulosic plant in Florida, saying the company would shift funding for the proposed 2,350 b/d facility to “other more attractive projects.”

BP had proposed in 2008 developing the second-generation alternative fuel facility. While conventional, generally corn-based ethanol is blended into roughly 90pc of the US gasoline pool, federal policy calls for growing volumes of the biofuel blendstock to come from non-food sources.

But economic, commercial-scale production of cellulosic ethanol has proven a difficult task for the industry.

The company said it would continue to fund and operate a California biofuels research facility and a small demonstration plant in Louisiana, to develop technology it can license to other companies.

“Given the large and growing portfolio of investment opportunities available to BP globally, we believe it is in the best interest of our shareholders to redeploy the considerable capital required to build this facility into other, more attractive projects,” BP spokesman Geoff Morrell said.

Send comments to feedback@argusmedia.com
eb/ljc 3.0



If you would like to review other ArgusMedia.com content options, request more information about Argus' energy news, data and analysis services.

Copyright © 2012 Argus Media Ltd - www.ArgusMedia.com - All rights reserved.

View more news articles