BP Cancels Florida Ethanol Plant, Extending Renewable Exit
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BP Plc, Europe’s second-biggest oil producer, is abandoning a cellulosic ethanol project in the U.S., its second move in a year to scale back in renewable energy.
The company canceled plans to build a $300 million cellulosic ethanol plant in Highlands County, Florida, to focus on “more attractive” projects, according to a statement on its website today.