BP has acquired an interest in a Chinese company that develops sustainable aviation fuel—an alternative to jet fuel seen as a tool for lowering the emissions footprint of the air transport industry. The stake represents 15% of the SAF unit of Zhejiang Jiaao Enprotech Stock Co. and cost BP around $50 million, Bloomberg reported, citing a statement by BP’s Chinese unit. The Chinese company is in the process of building a sustainable aviation fuel factory that will have an annual capacity of half a million tons. Construction should be…
