bp acquires stake in Gasrec
bp has acquired a 28.57% stake in Gasrec, the UK’s largest dual provider of bio-Liquified Natural Gas (LNG) and bio-Compressed Natural Gas (CNG) to road transport. The company builds, owns and operates biomethane refueling stations, providing renewable solutions to the heavy goods vehicle (“HGV”) industry.
bp will supply Gasrec with renewable biomethane produced mainly from organic wastes, such as food and dairy manure. The investment will expand bp’s UK footprint in renewable gas production and distribution, adding to its market leading position in the US.
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