Energy
BP Puts Brakes on Plan to Make Clean Jet Fuel at Spanish Plant
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BP Plc is pausing a project to expand biofuels production at its Castellon oil refinery in Spain, according to a person familiar with the matter.
The plan to make sustainable aviation fuel was part of a €2 billion ($2.2 billion) decarbonization initiative at the site on the country’s east coast, outlined in 2023. The decision to pause the biofuels investment was taken due to weaker-than-expected growth in that market, the person said, asking not to be identified because the information is private.