By OGJ editors
HOUSTON, Sept. 14 -- BP PLC expects biofuels will become a larger part of the US motor fuel market, probably displacing more gasoline than diesel, said Katrina Landis, chief executive officer of BP Alternative Energy, at the Offshore Europe Conference.
“Diesel use is growing in the US, following the trend set by Europe, and biodiesel is expected to provide around 8% of the fuel for diesel-powered engines by 2030,” Landis said.
During that same period, biofuels are expected to take the place of about 25% of the gasoline market, she said. “US production of biofuels is expected to grow from less than 0.5 million b/d in 2007 to 2.3 million b/d in 2030,” she added.
BP has a joint venture with Martek Biosciences Corp. to produce ethanol from sugarcane, and BP is working with DuPont Corp. to produce biobutanol at Saltend, Hull, UK.
In the US, BP has a joint venture with Verenium Corp., Cambridge, Mass., to develop a commercial-scale cellulosic ethanol plant in Highlands County, Fla. Plans call for the plant to produce 36 million gal/year by 2012.
US Government Accountability Office.
