BP axes Florida cellulosic ethanol plant

BP PLC has canceled plans to build a commercial-scale plant in Highlands County, Fla., that was to have made fuel ethanol from cellulose.

The company said it will refocus its US biofuels strategy on research and development and on licensing biofuels technology.

Announced in 2008, the plant was to have converted cellulose from energy crops into 36 million gal/year of ethanol.

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