How does BPs initiative in biofuels compare with other energie companies?
BP is a major player in the global biofuels market. In 2006, BP held around 10% of the global biofuels business. Taken together, the creation of a dedicated biofuels business, our partnership with one of the world’s leading bioscience companies, and our $500 million investment in the Energy Biosciences Institute, clearly positions BP as one of the global leaders in biofuels. No other oil major has announced such a significant and comprehensive long-term commitment to biofuels and biofuels technology development.
