BP Plc announced Wednesday that it has agreed to increase its share in Brazilian biofuel company Tropical BioEnergia S.A. to 100%, by acquiring the remaining 50% of the company from its current joint venture partners for a total cash consideration of approximately $71 million. BP will also refinance Tropical’s existing debt and BP’s current joint [...]
Britain on Wednesday approved two new 299 megawatt (MW) biomass plants proposed by power producer Drax, but the generator said its investment decision depended on whether soon-to-be-announced state biomass subsidies are high enough. “I am very pleased to give the go-ahead for these two new biomass power stations in Yorkshire and North Lincolnshire. They will [...]
Dutch airline KLM plans to use recycled cooking oil as biofuel to power flights to and from France in a move aimed at cutting carbon emissions. Starting in September, KLM will begin more than 200 flights between Paris and Amsterdam using biofuel made from used cooking oil, the company said Wednesday. KLM managing director Camiel [...]
BP Plc said today that it had agreed to take control of Brazilian ethanol and sugar producer CNAA for $680 million, as demand rises for alternative energy. BP said it would acquire 83% of the shares of CNAA and refinance all of the company’s long-term debt. It added that the deal would eventually increase BP’s [...]
The government of Cameroon has signed a contract with an American energy company, Forbes, to produce bio fuel from transformation of cassava.
Iberdrola Renewables reported the start of construction at its 26.8-megawatt Lakeview Biomass Cogeneration Plant in Lakeview, Ore. The Lakeview project is expected to finish construction and begin producing enough power for 18,000 typical homes by the fall of 2012.
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