bp halts plan to produce SAF at Spanish plant

bp has decided to pause its plan to produce sustainable aviation fuel (SAF) at its Castellon refinery in eastern Spain - citing slower-than-expected growth in the market.
The project was part of a broader €2 billion decarbonisation push at the site, announced in 2023.
The decision reflects broader uncertainty in the emerging clean jet fuel industry, where demand and policy support have not kept pace with initial expectations, Reuters reported.
While the Castellon expansion is on hold, the oil company still has an eye on future biofuels growth.
According to a Bloomberg report, the company continues to consider an expansion at its Rotterdam facility, with a final investment decision expected by 2027 if the economics support it.