BP has acquired a 30% stake in the UK's largest producer of hydrogenated vegetable oil (HVO), as part of a drive to replace traditional diesel fuel with more sustainable alternatives.
Green Biofuels (GBF), which has produced more than 55 million litres of HVO products over the last two years, currently produces renewable feedstocks including animal oils, vegetable oil, fat and HVO Gd+, a low-emission biofuel that can be used as a direct replacement for diesel.
Biofuels are created with renewable resources such as plants. There are two main biofuels: bioethanol and biodiesel. Both are man-made and emit less carbon when burned than conventional fossil fuels.
BP says its intention is to support the decarbonisation of construction, freight, off-road and marine industries, rather than everyday automotive applications.
