bp completes TravelCenters of America purchase and starts to link transition opportunities

bp has completed the acquisition of travel centre operator TravelCenters of America (TA) as it looks to accelerate and integrate opportunities across the energy transition spectrum.

In a statement, bp said the 280-center acquisition, announced in February, brings growth opportunities for four of bp’s five transition growth engines including EV charging via bp pulse, convenience, biofuels/renewable natural gas (RNG) and, later, hydrogen.

Emma Delaney, Executive Vice President Customers & Products, bp, said: “By integrating bp pulse, our fast-growing EV charging business, along with biofuels and renewable natural gas businesses – and in time, hydrogen – we can help America’s vital fleets and logistics companies decarbonise.”

By 2030, bp – which is targeting Net Zero by 2050 ‘or sooner’ – aims for around half its annual investment to go into these ‘transition growth engines’ and wants to develop 50GW renewable generating capacity.

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