In an uncharacteristic smart move, BP committed to buying a technology and ethanol plant in Jennings, Lousiana. The plant uses bagasse, the residue from sugar cane processing, to make ethanol, which then mixes with gasoline. The new CEO of BP Biofuels says that the purchase will help speed the delivery of a low carbon, low cost, sustainable biofuel.
Well, at least this is one step in the right direction after BP’s marathon debacle in the Gulf of Mexico. Could the (oily) tide be turning?