BP to buy 15% stake in China biofuels producer for $48.5M (NYSE:BP)
2024-07-10
Leon Neal/Getty Images News BP (NYSE:BP) will invest 353M yuan (~$48.5M) to acquire a 15% stake in Chinese renewable diesel and sustainable aviation fuel producer Lianyungang Jiaao New Energy, S&P Global reported Wednesday. Parent company Jiaao Enprotech has 100K metric tons/year of SAF capacity, and the deal comes amid risingContinue Reading