Bp Energy Spain has signed a strategic agreement with Spanish agri-food group MIGASA to supply up to 40,000 tonnes per year of non-food industrial waste from vegetable oils over the next ten years.
bp will use these bio-based feedstocks in conjunction with other fossil feedstocks to process renewable fuels at its Castellón refinery, such as HVO for heavy road transport or SAF for aviation.
‘Biofuels can play a key role in decarbonising hard-to-electrify sectors such as aviation, shipping and heavy road transport. When used on a large scale, these fuels can help reduce life cycle emissions in these industries, which is why we are investing and working with customers and partners such as MIGASA to expand our offering of advanced fuels derived from renewable energy sources,’ said Olvido Moraleda, president of bp Spain.
The 10-year renewable agreement is designed to secure bp’s supply of raw materials for the production of biofuels and potentially identify new opportunities for the reuse of vegetable oil waste in the future.