BP PLC to Invest $269 Million at Cherry Point Refinery in Washington State
05 October 2021 - 1:00AM
Dow Jones News
By Ian Walker
BP PLC said Monday that it is investing $269 million in three
projects at its Cherry Point refinery in Washington state, as part
of the oil major's plan to become net zero by 2050.
The company said it expects to reduce the refinery's
carbon-dioxide emissions by 160,000 metric tons a year and its
double capability to produce renewable diesel while improving
efficiency.
BP said the projects are expected to lead to more than 300 new
local jobs over the next three years.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
October 04, 2021 09:45 ET (13:45 GMT)
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