BP has joined venture capital firms VantagePoint and Sustainable Technologies Fund in the extended $6m round of funding for REAC Fuel.
REAC Fuel, a Sweden-based biofuels company, has raised $4.5m with oil major BP joining the investment syndicate.
BP has joined venture capital firms VantagePoint and Sustainable Technologies Fund in the extended round of funding, which the company said started last Spring.
John Steedman at BP Alternative Energy, the corporate venturing and clean-tech division of the UK-listed oil group, said it was very early stage, only a pilot, so there had been no major announcements so far.
He added: "BP…
