Category: Big Oil

Big Oil, Bioenergy

BP Forces its Way Into Renewables with New Bioenergy Firm

Oil giant BP has announced its “major expansion” into the renewable energy marketplace with a new partnership in the biopower sector. The firm has formed a 50/50 joint venture with US-headquartered agricultural commodities company Bunge to form new venture, BP Bunge Bioenergia. Under the agreement, BP will combine it’s Brazilian biopower and biofuels business with Bunge to create a business that produces sugarcane ethanol in … Continue reading BP Forces its Way Into Renewables with New Bioenergy Firm

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neste carbon emission
Big Oil

Neste to Sell its Fuel Retail to Russian PJSC Tatneft

Neste Corporation has signed an agreement to sell its fuel retail business consisting of 75 fuel stations and a terminal in St. Petersburg region to PJSC Tatneft, one of the leading integrated oil and gas companies in Russia. The divestment has no impact on Neste’s Marketing & Services’ operations in Finland and the Baltic countries. “Neste targets to become a global leader in renewable and … Continue reading Neste to Sell its Fuel Retail to Russian PJSC Tatneft

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backlash oil giants
Big Oil

The Plastics Backlash has Some Oil Giants Worried

Faced with sooner than anticipated peak demand from transportation, industry, buildings and the power sector, BP Plc, Total SA and Exxon Mobil, amongst others, are investing in factories and refineries that convert fossil fuels into plastics and chemical feedstocks–a sector that is, according to the BP Energy Outlook 2019 “the single-largest projected source of oil demand growth in the next twenty years.” Indeed, the EIA … Continue reading The Plastics Backlash has Some Oil Giants Worried

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