BP
BP is a multinational energy company that engages in the exploration, production, refining, and marketing of oil and natural gas. It also provides trading and shipping services for these commodities. BP's upstream segment involves global exploration and production of oil and natural gas, while its downstream operations refine crude oil into various petroleum products for worldwide distribution. In line with its commitment to sustainability, BP has expanded investments in renewable energy sources such as wind, solar, and biofuels through its Alternative Energy division. BP Ventures, the company's venture capital arm, invests in private, high-growth technology companies to accelerate innovation across the energy spectrum, supporting BP's transition to a low carbon company.
Past deals in Biofuel
Green Biofuels
Corporate Round in 2022
Green Biofuels is a company focused on providing renewable diesel fuels designed for off-road diesel engines, ensuring compliance with UK Stage IIIA and IIB emission standards. By offering a range of biofuels, the company enables users to operate their NRMM engines safely and effectively, even in extreme temperatures as low as -25 degrees Celsius. This capability distinguishes Green Biofuels' products from most conventional biodiesels, facilitating a smoother transition towards a more sustainable and renewably fueled environment.
Fulcrum BioEnergy
Venture Round in 2016
Fulcrum BioEnergy is a company based in Pleasanton, California, founded in 2007 by E. James Macias and Jim McDermott. It specializes in converting municipal solid waste (MSW) into low-carbon transportation fuels such as jet fuel, diesel, and ethanol. The company uses a proprietary thermochemical process to transform sorted, post-recycled MSW into ethanol using conventional commercial systems and alcohol synthesis processes. Fulcrum BioEnergy designs, develops, owns, and operates facilities for this conversion and has a strategic partnership with Marubeni Corporation. Its mission is to create a clean, low-cost, and sustainable source of domestic transportation fuel, reducing dependence on imported oil.
CNAA
Acquisition in 2011
CNAA produces sugar and ethanol. It offers VHP and crystal sugar, and anidro and hydrated alcohol. The company was founded in 2007 and is based in Ribeirao Preto, Brazil.
REAC Fuel
Series B in 2010
REAC Fuel is a cleantech company based in Lund, Sweden, specializing in innovative biofuel production technologies. The company has developed a thermo-chemical technology platform that efficiently converts lignocellulosic biomass and cellulose-containing waste streams into sugars, chemicals, and liquid fuels. This process enables the sustainable generation of biofuels, positioning REAC Fuel as a key player in the transition towards renewable energy sources and reducing reliance on fossil fuels. Through its advanced extraction methods, the company aims to contribute to a greener future by providing alternative feedstocks for various chemical and liquid fuel applications.
Verenium -Biofuels business
Acquisition in 2010
Verenium -Biofuels business operates as a biofuel company.
Butamax Advanced Biofuels
Acquisition in 2009
Butamax Advanced Biofuels, LLC is a company focused on developing biobutanol as a renewable fuel alternative. It specializes in the production of various biofuels, including ethanol and biomass fuels, and is involved in the manufacturing of isobutane and butane. By leveraging advanced technologies, Butamax aims to provide sustainable fuel solutions that can contribute to reducing reliance on fossil fuels and addressing environmental concerns associated with traditional energy sources. The company is committed to innovation in the biofuels sector, positioning itself as a key player in the transition to cleaner energy options.
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