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BP plc Working On Ethanol Plant


It has been reported that BP plc (NYSE:BP)’s proposed ethanol plant in the UK will be commissioned later this year.

BP plc Working On Ethanol Plant

Speaking at BP plc (NYSE:BP)’s annual general meeting, executive director Byron Grote said that the company’s planned biofuel refinery in the UK will be commissioned later this year.

This upcoming BP plc (NYSE:BP) plant will be located in the north eastern English city of Hull and will have capacity to produce about 420 million liters of ethanol when starts operation.

BP plc (NYSE:BP) shares were at 42.96 at the end of the last day’s trading. There’s been a -4.6% movement in the stock price over the past 3 months.

BP plc Working On Ethanol Plant
BP plc (NYSE:BP) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.57
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.57
Zack’s Rank: 5 out of 19 in the industry


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