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BP deal calls attention to biofuel investments (from Corporate Dealmaker)

BP plc's latest deal -- a $90 million investment in U.S. biofuels producer Verenium Corp. -- prompted us to do a sector watch. First, CD should note Democratic presidential nominee Barack Obama set a 60 billion-gallon target within 22 years for advanced biofuels, including cellulosic ethanol in his energy plan....

Posted on August 7, 2008 8:55 AM

Brazilian JV takes BP upstream in ethanol (from Corporate Dealmaker)

BP plc said it would pay around 100 million reais ($59.8 million) for a 50% stake in Tropical BioEnergia SA, a joint venture established by Brazilian companies Santelisa Vale and Maeda Group. The Brazilian firms would each own 25% of the JV, which will focus on sugarcane production and the...

Posted on April 30, 2008 2:38 PM