BP Invests $7B in Indonesia Gas With First Carbon Capture Tech
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BP has approved a $7 billion investment in Indonesia's Tangguh project, which will feature its first carbon capture, utilization, and storage technology. This move aligns with BP's goals of energy expansion and sustainability.
November 22, 2024 | 3:45 pm
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BP's $7 billion investment in the Tangguh project in Indonesia marks its first use of carbon capture technology, aligning with its sustainability goals.
The investment is significant for BP as it marks the company's first use of carbon capture technology, aligning with its sustainability goals. This could positively impact BP's stock as it demonstrates commitment to sustainable energy solutions.
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