BP Halts Clean Jet Fuel Project at Spain's Castellon Refinery

BP has signaled a broader shift in its low-carbon strategy, trimming spending in some areas as part of a strategic reset under CEO Murray Auchincloss. The company has now paused or shelved several SAF projects globally, including earlier plans for new sites in Germany, the United States and Australia. Although BP declined to comment specifically on the Castellon project, it reiterated its prior guidance that it may still approve one new biofuels plant before 2027. That approval, however, remains dependent o ...