BP on Thursday cancelled plans to build a
commercial-scale cellulosic ethanol plant in Highlands County,
Florida, instead refocusing its US biofuels strategy on
research and development as well as licensing its biofuels technology.
Given the large and growing portfolio of investment
opportunities available to BP globally, we believe it is in the
best interest of our shareholders to redeploy the considerable
capital required to build this facility into other more
attractive projects, said Geoff Morrell,
BP vice president of communications.
BP originally announced plans to build the Florida facility in
2008 with the intention of turning thousands of acres of energy
crops into 36 million gal/year of cellulosic ethanol.
While ending its pursuit of commercial-scale cellulosic ethanol
production in the US, BP said it continues to invest in and
operate its world-class biofuels research facility in San
Diego, California, and a demonstration plant in Jennings,
Louisiana, to further develop next-generation cellulosic
biofuel technologies and license them for commercial use.
Globally, BP is a leading investor in commercial biofuels
production. The company has completed construction of its joint venture
110 million gal/year ethanol plant in Hull, England, which is
expected to come online later this year.
In Brazil, BP took ownership of three sugarcane ethanol mills located in the
Goiás and Minas Gerais states of Brazil in 2011 and is
currently expanding production there, the company
In addition, BP is developing advanced biofuel technologies via its joint
venture investment in biobutanol company Butamax.