BP to Invest $1.5 Billion in Alternative Energy, an Industrial Info News Alert
Market Wire, April, 2008
Researched by Industrial Info Resources (Sugar Land, Texas) -- BP PLC (NYSE:BP) (London) recently announced that its investments in alternative energy this year will reach $1.5 billion, accounting for 7% of all of the company's investments. BP formed BP Alternative Energy in 2005 to carry out business in zero- to low-carbon energy (wind power, solar power, hydrogen power), carbon capture and storage, natural gas power generation and transportation biofuels.
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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to alternativefuelsgroup@industrialinfo.com or visit us at www.industrialinfo.com .
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