Open AccessReview a Decade of BP’s Technology Roadmap on the Next Generation Biofuels Development
Author(s) -
Boon Cheong Chew,
Xiaobai Shen,
Jake Ansell,
Syaiful Rizal Hamid,
Yusuke Oh
Publication year - 2019
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.179
H-Index - 26
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/268/1/012009
Subject(s) - biofuel , agriculture , business , investment (military) , technology development , environmental economics , engineering , agricultural economics , political science , economics , geography , waste management , manufacturing engineering , archaeology , politics , law
Philip New-the ex-CEO of BP Biofuels proclaimed in 2007: the emergence of biofuels involves two value chains-agriculture and energy, where both mature industries are connected to new national/regional policy. This has opened various opportunities for developing countries to tie business relationships through BP’s investment into non-food next-generation biofuels (NGB) feedstocks farming. This study reviewed all BP’s NGB development projects undertaken from 2006 until 2016. Secondary data was collected through media, corporate websites/reports and newsletters. Next, the NGB development projects were mapped into a technology roadmap (TRM). From this case study, it is hoped that BP’s pursuance on the NGB development could be referred by other oil companies that would have a similar intention of the NGB developers.