11 Best Ethanol Stocks To Invest In Now

2. BP p.l.c. (NYSE:BP)

Number of Hedge Fund Investors: 36

BP p.l.c. (NYSE:BP) is one of the world’s largest integrated oil and gas companies in the world. The company has been actively transitioning towards a more sustainable and low-carbon future by focusing on renewable energy, including biofuels such as ethanol, biogas, and other sustainable energy solutions.

BP p.l.c. (NYSE:BP) is focusing on expanding its footprint within the Brazilian ethanol business. On October 1, the company completed the acquisition of the remaining 50% stake in its bp Bunge Bioenergia S.A. in a transaction valued at approximately $1.4 billion. This acquisition now makes BP p.l.c. the sole owner of the joint venture and is expected to increase its capacity to produce around 50,000 barrels of ethanol equivalent per day from sugarcane through 11 agro-industrial units across five Brazilian states. The company believes that full ownership will unlock further growth opportunities, including the development of next-generation ethanol, sustainable aviation fuel (SAF), and biogas.

In addition to the acquisition, BP p.l.c. (NYSE:BP) is also exploring new bioenergy platforms to diversify its renewable energy portfolio. The company is investigating the development of next-generation ethanol, which promises to be more efficient and sustainable. Additionally,  BP p.l.c. (NYSE:BP) is assessing opportunities to produce sustainable aviation fuel (SAF).