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Business
Fulcrum wins BP backing for jet fuel
by Melody M. Bomgardner
November 14, 2016
| A version of this story appeared in
Volume 94, Issue 45
Fulcrum Bioenergy has received a $30 million investment from BP to accelerate the construction of municipal waste-to-fuel facilities. The funding is part of a deal that also includes a 10-year, 190 million-L-per-year jet fuel purchase agreement. Fulcrum is constructing its first large facility, outside of Reno, Nev., where it will produce 38 million-L of synthetic crude oil from 200,000 metric tons of waste that would otherwise be landfilled. The plant will gasify the waste and convert it to crude using a Fischer-Tropsch process.
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