$30 million backing for biofuel pioneer

Fulcrum BioEnergy will be able to accelerate the development of its waste to jet fuel renewable plants after agreeing a multi-million dollar partnership with BP.  The $30 million investment by BP is designed to give its Air BP business – one of the world’s largest suppliers of aviation fuel products and services – guaranteed access to Fulcrum BioEnergy’s product for the next decade.  Fulcrum converts municipal solid waste (MSW) into biofuels and will use the investment to progress its plans to build waste-to-fuel plants in North America and, longer term, globally. Its first plant is already under construction.