BP shift to renewables set to boost steel demand

Global oil major BP's shift to renewable energy is set to significantly increase demand for steel.

The company said it has added $5 billion as part of its planned $15 billion divestment target after selling its petrochemicals business to UK chemicals firm Ineos. The sale will let BP direct the capital to build new business areas such as renewable energy, with BP aiming to become a net-zero carbon company by...

Published

Paul Lim

July 02, 2020

09:02 GMT

Singapore