Wednesday, November 9, 2016

Fulcrum BioEnergy Fills Up With $30M From BP

Pleasanton-based Fulcrum BioEnergy said earlier this week that it has received a strategic funding round worth $30M from BP. The company said the funding came along with a major strategic partnership focused on renewable jet fuel plants. Fulcrum said that it has a new 500 million gallon jet fuel offtake agreement with Air BP, the aviation division of BP, to provide 50 million gallons per year of low-carbon, drop-in jet fuel.