BP in talks to enter biofuel business

British-based oil giant BP Plc. is currently in talks with a local company to jointly set up a biofuel business in Indonesia so as to benefit from the country’s ambitious alternative energy program.

Evita H. Legowo, the first secretary of the National Biofuel Development Committee, said Wednesday that BP was looking to enter into a partnership with local agribusiness firm Rajawali Nusantara Indonesia to establish a biofuel plant.