Published by Global Banking & Finance Review®
Posted on April 8, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleBP has paused its clean jet fuel production plans at the Castellon refinery in Spain due to weaker market growth, aligning with its strategy to focus more on oil and gas investments.
(Reuters) - BP has decided to halt plans to produce clean jet fuel at its Castellon oil refinery in Spain, Bloomberg News reported on Tuesday, citing a person familiar with the matter.
The decision to pause the biofuel investment was driven by weaker-than-anticipated growth in the market, the report said.
BP did not immediately respond to a Reuters request for comment.
In February, BP unveiled plans to increase its oil and gas investments and slash spending on renewables, as part of its efforts to boost returns and improve financial performance.
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Devika Syamnath)
The article discusses BP's decision to halt its clean jet fuel production plans at its Castellon refinery in Spain due to weak market growth.
BP paused its plans due to weaker-than-anticipated growth in the biofuel market.
BP is increasing its investments in oil and gas while reducing spending on renewables to boost financial returns.
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