BP abandons U.S. cellulosic-ethanol project

10/25/2012 | Bloomberg Businessweek

BP is dropping its proposed $300 million cellulosic-ethanol plant project in Highlands County, Fla., to focus on "more attractive" ventures, the company said. BP unveiled plans in 2008 to build the facility, which was expected to churn out 36 million gallons of cellulosic ethanol annually. BP intends to continue running a pilot-scale cellulosic-ethanol facility in Louisiana and a research center in San Diego, as well as continue working on other biofuel projects such as its joint venture with DuPont, said company spokesman Matt Hartwig.

View Full Article in:

Bloomberg Businessweek

Published in Brief: