UK petroleum giant BP Plc increased its ethanol production by 47% last year compared to 2014, according to SeeNews.

The company's renewables activities comprise a biofuels business in Brazil and an onshore wind business in the USA, which it said made it the largest operated renewables business among its oil and gas peers, the report said.

According to BP's annual report released at the start of March, the company’s three sugarcane mills in Brazil produced 795M litres of ethanol equivalent in 2015, up from 542M litres in 2014. The company also generated 677 GWh of power from sugarcane waste for Brazil's national grid last year.

In May 2015, BP sold its stake in Vivergo Fuels, a UK-based joint venture producing bioethanol from wheat, SeeNews said.

It is currently working with DuPont to develop and commercialise Butamax biobutanol, an advanced biofuel that can be blended with fuels in higher proportions.