BP p.l.c. (NYSE:BP) reportedly plans to assess expanding and diversifying its biofuel operations in Brazil, exploring new products like second-generation ethanol and sustainable aviation fuel following its acquisition of a stake in BP Bunge Bioenergia.
Last week, the British oil major bought Bunge Global SA's (NYSE:BG) 50% stake in their joint venture, BP Bunge Bioenergia S.A., for an enterprise value of about $1.4 billion.
The acquisition will consolidate 100% of the venture's financial results, including net debt of about $0.5 billion and lease obligations of around $0.7 billion.
In written comments, the company expressed its plans to utilize the expansive biofuel infrastructure of the venture in Brazil, including an industrial complex comprising 11 plants located across five states that specialize in processing sugarcane, reported Reuters.
BP said in the comment, "We will seek to explore new growth opportunities in the region and develop new bioenergy platforms, such as next-generation ethanol, SAF, e-fuels and biogas," per the report.
Biofuels expert Soren Jansen, a former executive at Brazil's Copersucar, stated, "The whole alcohol-to-jetfuel supply chain is very expensive to build up, and the deep pockets from the oil companies is accelerating the process with an initial geographic spread over Brazil, the U.S., Europe and Japan."
As per the report, the approach of BP mirrors that of Shell plc (NYSE:SHEL), which previously teamed up with Brazilian sugar and ethanol major Cosan S.A. (NYSE:CSAN) to form Raizen SA, which is pioneering the world's largest cellulosic ethanol program, focusing on second-generation ethanol.
Notably, Raizen launched its second 2G ethanol plant in May, producing fuel from biomass residues of processed sugarcane with 80% less carbon than gasoline.
Investors can gain exposure to the stock via Direxion Hydrogen ETF (ARCA: HJEN) and First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (ARCA: EIPX).
Price Action: BP shares are up 0.76% at $35.78 premarket at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
據報道，英國石油公司（紐約證券交易所代碼：BP）計劃評估其在巴西的生物燃料業務的擴大和多元化，在收購英國石油邦吉生物能源的股份後，探索第二代乙醇和可持續航空燃料等新產品。
上週，這家英國石油巨頭以約14億美元的企業價值收購了邦吉環球股份有限公司（紐約證券交易所代碼：BG）合資企業英國石油邦吉生物能源有限公司50％的股份。
此次收購將合併該合資企業100％的財務業績，包括約5億美元的淨負債和約7億美元的租賃義務。
路透社報道，該公司在書面評論中表示，計劃利用該合資企業在巴西的龐大生物燃料基礎設施，包括一個由11座工廠組成的工業綜合體，該工廠分佈在五個州，專門加工甘蔗。
英國石油公司在評論中表示：“我們將尋求探索該地區新的增長機會，開發新的生物能源平台，例如下一代乙醇、SAF、電子燃料和沼氣。”
生物燃料專家索倫·詹森（Soren Jansen）曾是巴西Copersucar的高管，他說：“整個酒精到噴氣燃料的供應鏈的建立成本非常高，而石油公司的雄厚財力正在加快這一進程，最初的地理分佈在巴西、美國、歐洲和日本。”
根據該報告，英國石油公司的做法反映了殼牌公司（紐約證券交易所代碼：SHEL）的做法，殼牌公司此前曾與巴西糖業和乙醇巨頭Cosan S.A.（紐約證券交易所代碼：CSAN）合作組建了Raizen SA，該公司是世界上最大的纖維素乙醇計劃的開創者，專注於第二代乙醇。
值得注意的是，Raizen於5月啓動了第二座2G乙醇工廠，利用加工甘蔗的生物質殘留物生產燃料，碳含量比汽油少80％。
投資者可以通過Direxion Hydrogen ETF（ARCA：HJEN）和第一信託交易所交易基金IV FT Energy Income Partners策略ETF（ARCA：EIPX）獲得股票敞口。
價格走勢：週一最後一次檢查時，英國石油公司股價上漲0.76％，至盤前35.78美元。
免責聲明： 該內容部分是在人工智能工具的幫助下製作的，並由Benzinga編輯審閱和發佈。
