Surprise! BP Believes Biofuels Are the Future of Transportation

Though automakers are scrambling to roll out hybrid and electric vehicles as fast as they can, BP believes that biofuels are the only way forward–at least for the time being. Olivier Mace, head of strategy, regulatory affairs and communications at BP Biofuels, explained at a London conference yesterday that demand in China and India, two of the fastest-growing markets, would make biofuels at least 12% of the worldwide road transport fuel mix by 2030

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Surprise! BP Believes Biofuels Are the Future of Transportation