bp’s purpose is to reimagine energy for people and our planet. It has set out an ambition to be a net zero company by 2050, or sooner and help the world get to net zero, and a strategy for delivering on that ambition.
As the world seeks lower carbon fuels, bp sees clear opportunities to leverage its portfolio of assets and customer base – hence bioenergy is one of bp’s transition growth engines. bp anticipates investing in five major biofuels projects, including the conversion of up to two refineries. It aims to be a leading marketer of sustainable aviation fuel (SAF) with 20% share of global SAF sales by 2030. In aviation, Air bp is one of the leading marketers of SAF and to date has supplied SAF at over 20 airports in seven countries.