BP aims to become a "material player" in biofuels, exec says

03/19/2012 | BiofuelsDigest.com

BP's biofuels division now accounts for 6% of the company's global workforce, highlighting BP's growing commitment to clean fuels, according to BP Biofuels CEO Phil New. BP expects to increase its biofuels capacity to 600 million gallons a year by 2017, not including additional acquisitions. "Our goal is to be a material player" in the industry, New said.

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