Rachel Graham - Profile and Journalist Details
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Rachel Graham
Verified
Oil Markets Editor, Bloomberg News
London
Beats
Anything outside of Golf
Content
By Rachel Graham Verified| Rigzone Verified BP Plc is pausing a project to expand biofuels production at its Castellon oil refinery in Spain, according to a person familiar with the matter. The plan to make sustainable aviation fuel was part of a EUR 2 billion ($2.2 billion) decarbonization initiative at the site on the country’s east coast, outlined in 2023
By Rachel Graham Verified| Bloomberg News Verified BP Plc is pausing a project to expand biofuels production at its Castellon oil refinery in Spain, according to a person familiar with the matter. The plan to make sustainable aviation fuel was part of a €2 billion ($2.2 billion) decarbonization initiative at the site on the country’s east coast, outlined in 2023. The decision to pause the biofuels investment was taken due to weaker-than-expected growth in that market, the person said, asking not to be identified because the information is private
Company Info
Bloomberg News
Bloomberg L.P. is a global financial data, software, and media company founded in 1981 by Michael Bloomberg and his partners. Originally named Innovative Market Systems, it rebranded to Bloomberg L.P. in 1986. The company is renowned for the Bloomberg Terminal, a proprietary platform that provides real-time financial data, analytics, and trading tools to over 350,000 subscribers worldwide. Bloomberg operates in three main areas: financial technology, news/media, and data analytics. Its flagship product, the Bloomberg Terminal, offers market data, news, and communication tools for financial professionals. Bloomberg News, with over 120 bureaus globally, covers financial markets, politics, and technology across various platforms, including digital, television, and print. The company also provides specialized data and analytics services, including legal and regulatory information, through its acquisitions. Bloomberg L.P. is privately held, with an estimated revenue of $12.5 billion in 2023, primarily from terminal subscriptions.
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Founded: 1981