BP Pulls Plug on Florida Biofuels Plant

October 29, 2012

Energy giant BP said Thursday it canceled plans to build a commercial-scale cellulosic ethanol plant in Highlands Co., Fla., four years after first unveiling the Central Florida biofuels project. The decision means BP -- infamously known best in Florida for 2010's massive Deepwater Horizon oil spill in the Gulf of Mexico -- is ending its U.S. pursuit of commercial-scale cellulosic ethanol production. Instead, BP said it will refocus its U.S. biofuels strategy on research and development, as well as licensing its biofuels technology.
 
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