SAF Production Goals
bp is targeting a significant increase in sustainable aviation fuel (SAF) production, aiming for 100,000 barrels per day by 2030. This move is part of a broader strategy to reduce carbon emissions in the aviation sector, which is considered challenging to decarbonize.
Global Biofuel Projects
To achieve these production targets, bp has announced plans for five biofuel projects focused on SAF across various locations worldwide. These projects will be situated in Kwinana, Australia; Rotterdam, Netherlands; Castellón, Spain; Lingen, Germany; and Cherry Point, US. By 2030, these facilities are expected to collectively produce around 50,000 barrels of SAF per day.
Brazil Joint Venture
In addition to these projects, bp's joint venture in Brazil, bp Bunge Bioenergia, is set to contribute significantly to the company's SAF production goals. As one of the largest bio-ethanol producers in Brazil, the joint venture aims to produce approximately 30,000 barrels per day by 2030, net to bp.
