UK-based oil company BP is taking a stake in a California manufacturer of low-carbon jet fuel. Two BP divisions—aviation fuel provider Air BP and investment arm BP Ventures—will create what they describe as a strategic partnership with Fulcrum Bio-Energy, which produces sustainable bio-jet from municipal solid waste. As an equity investor of $30 million, BP will have a 10-year offtake agreement with Pleasanton-based Fulcrum for 50 million US gallons a year from Fulcrum’s ...

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