BP

BP p.l.c. is a global integrated oil and gas company based in the United Kingdom, with operations spanning Europe, North and South America, Australasia, Asia, and Africa. The company is involved in the exploration, production, and refining of oil and gas, producing approximately 1.1 million barrels of liquids and 6.9 billion cubic feet of natural gas per day as of 2023. BP's reserves total 6.8 billion barrels of oil equivalent, with 55% classified as liquids. The company operates refineries with a combined capacity of 1.6 million barrels per day. Additionally, BP Ventures, its venture capital arm, invests in private growth-stage technology companies to drive innovation across the energy sector, with a focus on reducing carbon emissions and facilitating the transition to a lower-carbon future. Through these initiatives, BP aims to meet global energy demands while addressing environmental challenges.

Felipe Arbelaez

Senior Vice President Zero Carbon Energy

Claire Farrant

VP Mobility and Convenience Europe

JO HAYWARD

VP for convenience in Europe and global convenience strategy and proposition lead at BP

Louise Kingham

SVP for Europe and UK Head of Country

Doris Reiter

Senior Vice President

Meghan Sharp

Managing Director

Johnathan Stone

Venture Principal

Morag Watson

Vice President

Past deals in Oil and Gas Refining

Green Biofuels

Corporate Round in 2022
GREEN BIOFUELS is the authorised supplier of an unique renewable diesel fuel GREEN D+. Their fuel is formulated by adding a nano technology patented performance additive to HVO which is sourced from Neste, the world's leading supplier of renewable diesel.

Gasrec

Venture Round in 2021
Operator of refueling facilities and liquefied gas fuel intended to cater to the road transport sector. The company focuses on designing and building bespoke CNG and LNG refueling facilities and also provides services such as upgrades, maintenance and expansions, enabling clients to reduce both fuel costs and air pollution.

Calysta

Series D in 2021
Calysta, Inc. is a biotechnology company focused on developing and manufacturing protein ingredients derived from sustainable sources. Based in Menlo Park, California, with additional locations in Houston, London, Stavanger, and Singapore, Calysta provides nutritional feeds and health products for fish and livestock, as well as chemicals used in various end products such as fibers, plastics, and building materials. The company also produces biofuels through innovative processes utilizing methane as a feedstock. Founded in 2011, Calysta was previously known as Calysta Energy before rebranding in 2014. Its technologies, including biological gas-to-liquids and gas-to-chemicals processes, aim to address global food security and meet the rising demand for sustainable protein in the aquaculture industry. The company has formed a strategic partnership with Bluestar Adisseo Company to enhance its market offerings.

Cold Bore

Venture Round in 2021
Cold Bore Technology Inc. develops down-hole sonic communication tools for the directional drilling industry within the oil and gas sector. It’s remote system enables access and visibility of the completion operations data and work flow overview in real-time. The company markets its product under the SmartPAD brand name. Cold Bore Technology Inc. was incorporated in 2012 and is based in Calgary, Canada.

Thorntons

Acquisition in 2021
Thorntons Inc. is a prominent independent retailer of gasoline and convenience store products, operating gas stations across Illinois, Indiana, Kentucky, Ohio, and Tennessee. Founded in 1971 and headquartered in Louisville, Kentucky, the company was previously known as Thornton Oil Corporation before rebranding in March 2003. Thorntons Inc. is a joint venture between BP p.l.c. and ArcLight Capital Partners, LLC, and has established itself as a significant player in the U.S. market for fuel and convenience items.

C-capture

Venture Round in 2021
C-Capture Ltd utilise their extensive knowledge of CO2 (carbon dioxide) based chemistry and engineering, to develop a bottom-up approach to designing solvent systems for the removal of CO2 from gas streams. CO2 is considered to be a ‘greenhouse gas’ and its release into the atmosphere is one of the leading contributors to global warming.

Finite Carbon

Acquisition in 2020
Finite Carbon Corporation provides forest carbon development and commercialization services in the United States. It offers a carbon-market solution that gives forest landowners immediate access to carbon markets. The company also offers resources and capital to implement forest carbon inventories, pre-assessment carbon modeling, protocol selection, project design, verification management, and marketing and selling of carbon credits. It helps landowners, public agencies, land trusts, and consulting foresters to measure, register, monitor, and monetize their carbon credits. The company was incorporated in 2009 and is based in Wayne, Pennsylvania. As of December 16, 2020, Finite Carbon Corporation operates as a subsidiary of BP p.l.c.
Blue Ocean Seismic Services Ltd. is a company focused on revolutionizing ocean bottom seismic data acquisition through the development of autonomous submarines and self-repositioning nodes. Established in 2018 and headquartered in Southampton, United Kingdom, the company aims to provide low-cost solutions that also minimize carbon emissions and operational risks. By utilizing swarms of long-endurance nodes, Blue Ocean Seismic Services enhances the efficiency and quality of seismic data collection while significantly reducing survey duration and costs. As a subsidiary of BP p.l.c., the company is committed to supporting offshore exploration activities for oil, gas, and carbon storage with a strong emphasis on reducing environmental impact and improving safety standards.

Xpansiv CBL Holding Group

Venture Round in 2020
Xpansiv CBL Holding Group Limited operates as a pioneering commodity exchange focused on the emerging asset class of data. The company ingests data from the lifecycle of various commodities and transforms this information into digital assets that facilitate transactions without counterparty risk. Utilizing a proprietary data format, Xpansiv integrates real-time production monitoring, data science, cryptography, and distributed-ledger technologies to refine and characterize data. This innovative approach enhances market transparency by creating immutable profiles that capture real-world characteristics, thereby supporting informed decision-making and enabling commodity differentiation. Headquartered in Sydney, Australia, Xpansiv is dedicated to advancing the integration of data into the commodities market.

Xpansiv

Corporate Round in 2020
Xpansiv Data Systems, Inc. operates an online platform that converts raw production data into Digital Feedstock™, a secure and efficient data format that integrates data science, cryptography, and distributed-ledger technologies. This transformation allows for the creation of immutable digital assets from commodities such as natural gas, facilitating transactions that enhance supply-chain transparency, verify compliance, and mitigate risk. By capturing and tracking the attributional profiles and characteristics of underlying commodities, Xpansiv empowers markets to better assess and trade these assets in a digital format. Founded in 2016 and headquartered in San Francisco, California, with additional locations in Albuquerque, New Mexico, and Seattle, Washington, Xpansiv operates as a subsidiary of CBL Markets Holdings Pty Ltd. The company's team comprises industry experts committed to improving the production, management, and trading processes of commodities on a global scale.

Finite Carbon

Venture Round in 2019
Finite Carbon Corporation provides forest carbon development and commercialization services in the United States. It offers a carbon-market solution that gives forest landowners immediate access to carbon markets. The company also offers resources and capital to implement forest carbon inventories, pre-assessment carbon modeling, protocol selection, project design, verification management, and marketing and selling of carbon credits. It helps landowners, public agencies, land trusts, and consulting foresters to measure, register, monitor, and monetize their carbon credits. The company was incorporated in 2009 and is based in Wayne, Pennsylvania. As of December 16, 2020, Finite Carbon Corporation operates as a subsidiary of BP p.l.c.

Calysta

Series E in 2019
Calysta, Inc. is a biotechnology company focused on developing and manufacturing protein ingredients derived from sustainable sources. Based in Menlo Park, California, with additional locations in Houston, London, Stavanger, and Singapore, Calysta provides nutritional feeds and health products for fish and livestock, as well as chemicals used in various end products such as fibers, plastics, and building materials. The company also produces biofuels through innovative processes utilizing methane as a feedstock. Founded in 2011, Calysta was previously known as Calysta Energy before rebranding in 2014. Its technologies, including biological gas-to-liquids and gas-to-chemicals processes, aim to address global food security and meet the rising demand for sustainable protein in the aquaculture industry. The company has formed a strategic partnership with Bluestar Adisseo Company to enhance its market offerings.

C-capture

Venture Round in 2019
C-Capture Ltd utilise their extensive knowledge of CO2 (carbon dioxide) based chemistry and engineering, to develop a bottom-up approach to designing solvent systems for the removal of CO2 from gas streams. CO2 is considered to be a ‘greenhouse gas’ and its release into the atmosphere is one of the leading contributors to global warming.

Xpansiv

Series A in 2019
Xpansiv Data Systems, Inc. operates an online platform that converts raw production data into Digital Feedstock™, a secure and efficient data format that integrates data science, cryptography, and distributed-ledger technologies. This transformation allows for the creation of immutable digital assets from commodities such as natural gas, facilitating transactions that enhance supply-chain transparency, verify compliance, and mitigate risk. By capturing and tracking the attributional profiles and characteristics of underlying commodities, Xpansiv empowers markets to better assess and trade these assets in a digital format. Founded in 2016 and headquartered in San Francisco, California, with additional locations in Albuquerque, New Mexico, and Seattle, Washington, Xpansiv operates as a subsidiary of CBL Markets Holdings Pty Ltd. The company's team comprises industry experts committed to improving the production, management, and trading processes of commodities on a global scale.

Silicon MicroGravity

Venture Round in 2018
Silicon Microgravity Limited, founded in 2014 and based in Cambridge, United Kingdom, specializes in developing advanced sensor devices for the oil and gas industry. Originating as a spin-out from Cambridge University, the company’s technology enables high-sensitivity gravity data recording and ultra-low frequency seismic data analysis, significantly enhancing the management of oil and gas reservoirs. Developed in collaboration with BP and supported by Innovate UK, its microelectromechanical system sensors allow for precise measurement of densities deep within reservoirs from boreholes. Additionally, the technology has applications in navigation, guidance, and stabilization for various commercial, industrial, and military uses. With its innovative approach, Silicon Microgravity aims to improve reservoir surveillance and operational efficiencies while addressing social, safety, and environmental objectives.

Fotech

Acquisition in 2017
Fotech Solutions Limited specializes in developing distributed acoustic sensing solutions, primarily for the oil and gas, pipeline, and security sectors. The company offers a range of technologies, including distributed acoustic sensors that deliver real-time intelligence for monitoring infrastructure and assets, such as LivePIPE for pipeline integrity and Helios Theta for comprehensive asset visibility. Fotech's solutions also extend to various applications, including rail monitoring, reservoir management, and security automation. With a focus on simplifying asset management and enhancing operational efficiency, Fotech provides interpretive tools that enable engineers to visualize and assess conditions in real time. Founded in 2006, Fotech is headquartered in Winchester, United Kingdom, and has additional offices in Calgary, Houston, Hong Kong, Kuala Lumpur, Dubai, and Mumbai. The company collaborates with a network of partners both in the UK and internationally to deliver its advanced monitoring solutions.

Xpansiv

Seed Round in 2017
Xpansiv Data Systems, Inc. operates an online platform that converts raw production data into Digital Feedstock™, a secure and efficient data format that integrates data science, cryptography, and distributed-ledger technologies. This transformation allows for the creation of immutable digital assets from commodities such as natural gas, facilitating transactions that enhance supply-chain transparency, verify compliance, and mitigate risk. By capturing and tracking the attributional profiles and characteristics of underlying commodities, Xpansiv empowers markets to better assess and trade these assets in a digital format. Founded in 2016 and headquartered in San Francisco, California, with additional locations in Albuquerque, New Mexico, and Seattle, Washington, Xpansiv operates as a subsidiary of CBL Markets Holdings Pty Ltd. The company's team comprises industry experts committed to improving the production, management, and trading processes of commodities on a global scale.

BiSN

Venture Round in 2017
BiSN is a producer of metal-to-metal downhole sealing solutions for the oil and gas industries. BiSN develops a revolutionary chemical reaction heater that brings the technology into the 21st century and opens the door to a range of applications previously thought impossible.

Fulcrum BioEnergy

Venture Round in 2016
Fulcrum BioEnergy, Inc. is a company based in Pleasanton, California, that specializes in converting municipal solid waste into low-cost, low-carbon transportation fuels, including jet fuel, diesel, and ethanol. Founded in 2007 by E. James Macias and Jim McDermott, Fulcrum BioEnergy employs a proprietary thermochemical process to transform sorted, post-recycled municipal solid waste into ethanol, utilizing conventional commercial systems. The company's approach aims to create a sustainable and renewable source of domestic transportation fuel, thereby reducing dependence on imported oil and contributing to net-zero carbon emissions. Fulcrum BioEnergy has established a strategic partnership with Marubeni Corporation to further enhance its capabilities in the sustainable fuel sector.

Silicon MicroGravity

Seed Round in 2016
Silicon Microgravity Limited, founded in 2014 and based in Cambridge, United Kingdom, specializes in developing advanced sensor devices for the oil and gas industry. Originating as a spin-out from Cambridge University, the company’s technology enables high-sensitivity gravity data recording and ultra-low frequency seismic data analysis, significantly enhancing the management of oil and gas reservoirs. Developed in collaboration with BP and supported by Innovate UK, its microelectromechanical system sensors allow for precise measurement of densities deep within reservoirs from boreholes. Additionally, the technology has applications in navigation, guidance, and stabilization for various commercial, industrial, and military uses. With its innovative approach, Silicon Microgravity aims to improve reservoir surveillance and operational efficiencies while addressing social, safety, and environmental objectives.

Saltworks

Venture Round in 2014
Saltworks Technologies Inc. is a water technology company based in Richmond, Canada, specializing in the design, manufacture, and delivery of advanced desalination and wastewater treatment systems. Founded in 2008, the company provides innovative solutions for treating challenging water conditions, including turnkey crystallizer systems, ion exchange membrane products, and membrane-stack systems. Saltworks offers a range of technologies, including ElectroChem Advanced Electrodialysis systems, salt splitters for recovering previously scale-limited waters, and ammonia splitters for ammonia removal. Its SaltMaker Evaporator Crystallizer is designed for low-temperature wastewater and brine treatment. The company's systems support various applications such as industrial wastewater treatment, zero liquid discharge, and recovery of acids and bases across sectors like agriculture, mining, and food processing. With a global customer base, Saltworks combines smart design and intelligent automation to help clients reduce brine volume, lower disposal costs, and ensure compliance with environmental regulations.

Liquid Light

Series B in 2014
Liquid Light Corporation specializes in developing and licensing innovative technology for converting carbon dioxide into valuable chemicals and fuels. Based in Monmouth Junction, New Jersey, the company utilizes a low-energy catalytic electrochemistry process to transform CO2 into multi-carbon chemicals, with a focus on producing ethylene glycol. This patent-pending electrocatalytic platform is designed to efficiently turn industrial waste into revenue, allowing customers to lower production costs, decrease reliance on volatile petroleum feedstocks, and diminish their carbon footprint. Founded in 2008, Liquid Light operates as a subsidiary of Avantium Technologies B.V.

Biosynthetic Technologies

Venture Round in 2014
Biosynthetic Technologies, LLC specializes in the manufacture of bio-based synthetic oils derived from organic fatty acids found in plant oils. These oils are designed for various applications across the lubricant, specialty chemical, and cosmetic industries, offering high-performance alternatives to traditional petroleum-based products. The company produces a diverse range of biosynthetic base oils suitable for passenger car motor oils, marine lubricants, hydraulic fluids, food-grade lubricants, and personal care products, among others. Notably, these renewable oils are biodegradable and non-toxic, contributing to environmentally sustainable practices. Biosynthetic Technologies holds a comprehensive portfolio of patents for its innovative formulations, underscoring its commitment to advanced, eco-friendly solutions. Founded in 2004 and headquartered in Irvine, California, the company operates a production facility in Baton Rouge, Louisiana.

Verdezyne

Venture Round in 2014
Verdezyne is a company focused on synthetic biology, utilizing its expertise to develop innovative solutions for producing chemicals from renewable sources. By leveraging advanced computational algorithms and proprietary gene libraries, Verdezyne engineers proteins and metabolic pathways to optimize fermentation processes. This approach allows the company to create sustainable alternatives to petrochemicals, significantly reducing reliance on oil. Its platform integrates proven manufacturing technologies to generate a diverse range of chemical building blocks and additives that are applicable in various everyday products. Through its efforts, Verdezyne aims to provide cost-effective and environmentally friendly chemical solutions.

Fotech

Venture Round in 2013
Fotech Solutions Limited specializes in developing distributed acoustic sensing solutions, primarily for the oil and gas, pipeline, and security sectors. The company offers a range of technologies, including distributed acoustic sensors that deliver real-time intelligence for monitoring infrastructure and assets, such as LivePIPE for pipeline integrity and Helios Theta for comprehensive asset visibility. Fotech's solutions also extend to various applications, including rail monitoring, reservoir management, and security automation. With a focus on simplifying asset management and enhancing operational efficiency, Fotech provides interpretive tools that enable engineers to visualize and assess conditions in real time. Founded in 2006, Fotech is headquartered in Winchester, United Kingdom, and has additional offices in Calgary, Houston, Hong Kong, Kuala Lumpur, Dubai, and Mumbai. The company collaborates with a network of partners both in the UK and internationally to deliver its advanced monitoring solutions.

Taxon Biosciences

Series A in 2013
Taxon Biosciences, Inc. specializes in developing innovative microbial applications for the agriculture, life sciences, and oil and gas sectors. The company focuses on creating microbes that reduce the viscosity and molecular weight of heavy oil, enhance residual oil recovery, and improve the conversion of coal to methane. Additionally, Taxon Biosciences provides specific assays for propane-utilizing microbes and custom microbial solutions for biochemical transformations in subsurface environments associated with oil and gas deposits. Its products serve various applications, including heavy oil upgrading, coal bed methane extraction, enhanced oil recovery, yield optimization, crop protection, and advancements in biotechnology and pharmaceuticals. Founded in 2000, Taxon Biosciences is headquartered in Tiburon, California.

EOS Climate

Series B in 2013
EOS Climate, Inc. is a San Francisco-based company established in 2008 that specializes in producing verified emission reductions through the destruction of ozone-depleting substances (ODS), which are potent greenhouse gases. ODS, such as chlorofluorocarbons (CFCs), continue to be emitted from aging air conditioning and refrigeration systems, posing significant environmental risks. EOS Climate addresses these challenges by implementing market-based solutions that manage the refrigerant life cycle, helping clients minimize greenhouse gas emissions and prolong the useful life of their refrigerants. In addition to its core operations, the company provides strategic consulting services aimed at enhancing environmental sustainability.

Skyonic

Series C in 2013
Skyonic Corporation, founded in 2005 and based in Austin, Texas, is an environmental technology company focused on capturing and converting carbon dioxide emissions into solid materials. Utilizing its patented SkyMine technology, Skyonic transforms flue gases from industrial facilities, such as cement plants, refineries, and power plants, into stable carbonate compounds like sodium bicarbonate, hydrochloric acid, and household bleach. This process not only addresses climate change by mineralizing CO2 but also enables the long-term storage of carbon emissions as solid materials. The company offers retrofittable solutions that allow existing plants to reduce carbon emissions and other pollutants at a commercial scale, thus providing industries with the means to produce carbon-negative products for various applications, including construction and agriculture. In addition to its core technology, Skyonic also provides construction, installation, and maintenance services for the facilities that utilize its systems.

XACT Downhole Telemetry

Venture Round in 2013
XACT Downhole Telemetry Inc. specializes in providing real-time downhole drilling and completion data through its proprietary acoustic technology platform. Founded in 2004 and based in Calgary, Canada, with an additional office in Houston, Texas, the company operates in challenging well construction environments, aiming to improve safety and efficiency while reducing costs and risks for oil and gas operators. Utilizing acoustic telemetry systems, XACT delivers critical data on wellbore conditions, enabling operators to address complex well construction issues effectively. The company's technology employs sound waves for data transmission, utilizing drill strings and production tubing as mediums, thereby facilitating applications in horizontal drilling, completions, and cementing. By collaborating with clients, XACT develops innovative, data-driven solutions that enhance operational understanding and decision-making throughout the drilling, completion, and production lifecycle.

Liquid Light

Series A in 2011
Liquid Light Corporation specializes in developing and licensing innovative technology for converting carbon dioxide into valuable chemicals and fuels. Based in Monmouth Junction, New Jersey, the company utilizes a low-energy catalytic electrochemistry process to transform CO2 into multi-carbon chemicals, with a focus on producing ethylene glycol. This patent-pending electrocatalytic platform is designed to efficiently turn industrial waste into revenue, allowing customers to lower production costs, decrease reliance on volatile petroleum feedstocks, and diminish their carbon footprint. Founded in 2008, Liquid Light operates as a subsidiary of Avantium Technologies B.V.

Verdezyne

Venture Round in 2011
Verdezyne is a company focused on synthetic biology, utilizing its expertise to develop innovative solutions for producing chemicals from renewable sources. By leveraging advanced computational algorithms and proprietary gene libraries, Verdezyne engineers proteins and metabolic pathways to optimize fermentation processes. This approach allows the company to create sustainable alternatives to petrochemicals, significantly reducing reliance on oil. Its platform integrates proven manufacturing technologies to generate a diverse range of chemical building blocks and additives that are applicable in various everyday products. Through its efforts, Verdezyne aims to provide cost-effective and environmentally friendly chemical solutions.

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, focused on developing innovative technologies for biofuel production. The company has created a thermo-chemical technology platform that effectively converts lignocellulosic biomass and waste streams rich in cellulose into sugars, chemicals, and liquid fuels. This process enables the production of sustainable feedstocks for various chemical applications and liquid fuel, contributing to advancements in renewable energy solutions.

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 focused on the development and production of biobutanol fuel, a renewable energy source derived from biomass. The company operates primarily in the United States, where it manufactures various biofuels, including ethanol and butane. By leveraging innovative technologies, Butamax aims to provide sustainable fuel alternatives that can help reduce reliance on traditional fossil fuels and contribute to environmental sustainability.

Verenium

Venture Round in 2008
Verenium possesses integrated, end-to-end capabilities in pre-treatment, novel enzyme development, fermentation, engineering, and project development and is moving rapidly to commercialize its proprietary technology for the production of cellulosic ethanol from a wide array of feedstocks, including sugarcane bagasse, dedicated energy crops, agricultural waste, and wood products. In addition to the vast potential for advanced biofuels, a multitude of large-scale industrial opportunities exist for the Company for products derived from the production of low-cost, biomass-derived sugars.

Veba Oel AG

Acquisition in 2001
Veba Oel AG engages in the exploration and production of crude oil and natural gas, the processing of crude oil and the marketing of the finished products, consisting essentially of motor fuels, heating oils, chemical feedstock and plastics.

Arco

Acquisition in 2000
Arco is engaged in the oil and gas sector, providing extraction, exploration, and production services. The company operates primarily in the Midcontinent and offshore Gulf of Mexico regions of the United States, and it also has international ventures in the United Kingdom North Sea, Indonesia, China, and Algeria.

Standard Oil of Ohio

Acquisition in 1978
Standard Oil of Ohio or Sohio was an American oil company, and the earliest component of the original Standard Oil company.
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