BP Invests in Innovative Fuel for Ships Made from Everyday Garbage

Fuel TechHigh Tech / High Touch
Written By Jennifer Joslyn

🗑 BP Invests in Innovative Fuel for Ships Made from Everyday Garbage.

BP Ventures Invests $10 Million in WasteFuel, a California-based startup that converts uneaten food and other waste into low-emission fuel. WasteFuel's technology uses municipal and agricultural waste to produce bioethanol, a sustainable energy source for shipping. With the investment, BP aims to increase its biofuel production to around 100,000 barrels per day by 2030, contributing to the decarbonization of the transportation sector. The shipping industry, responsible for nearly 3% of human-made CO2 emissions, is actively seeking emission-cutting solutions, with methanol emerging as a viable alternative to traditional marine fuels. WasteFuel's first project will be located in Dubai, and BP will collaborate with the startup to enhance bioethanol production from waste.

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