BP Plc (BP.L) is aiming to start producing sustainable aviation fuel (SAF) in Australia by 2025 after converting its oil refinery near Perth to produce renewable fuels, a senior executive of the British company said on Thursday. The project is expected to cost “hundreds of millions” of dollars, BP’s Asia Pacific vice president of low-carbon solutions, Lucy Nation, told Reuters. BP has not disclosed what volume it plans to produce, but Nation said output would depend on demand as the facility would be able to switch day-to-day between producing sustainable aviation fuel and biodiesel. Its Kwinana plant is in Western Australia, a region dominated by the mining industry where there is heavy demand for diesel for trucks. “We’re lucky at Kwinana in that we’re able to reutilise some of the processing equipment, the utilities and we have tanks ready to go,” Nation told a […]