Alternative Energy - Overview

Katrina Landis, CEO BP Alternative EnergyNovember 30th 2011

Vivergo plant under construction

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0%

10%

20%

30%

40%

50%

1970 1990 2010 2030

Oil

Coal

Gas

Hydro

Nuclear Renewables* 0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

1970-1990

1990-2010

2010-2030

Renewables*

Hydro

Nuclear

Coal

Gas

Oil

* Includes biofuels

Growth of renewables and alternatives

0

5

10

15

2010 2020 2030

% Solar Share of Global Power Generation

% Wind Share of Global Power Generation

0

5

10

15

20

2010 2020 2030

% Share of Global Road Transport Fuels

Biofuels

Consensus range

Wind and SolarShare of World Primary Energy

Source: Group Economics 2030 Energy Outlook (Jan 2011)

* Includes biofuels

AE businesses

Wind

Biofuels

CCS Technology

Launched end 2005

$8bn committed over 10 years

$5bn invested at end 2010

c. $7bn investment by end 20113

Solar

4

AE businesses

Bio

fuel

sR

enew

able

p

ower

EB

&V

• Core businesses

−Biofuels

−Wind

• Businesses supported by Emerging Business & Ventures unit and AE centre

• Headcount 5,500

Biofuels Global

Biofuels Production (M Litres)

Brazil Cane to Ethanol

• Recent acquisition of CNAA and 100% ownership of Tropical BioEnergia S.A.: 3 producing mills in Goiás and Minas Gerais states (south central Brazil)

US Lignocellulosic

• Technology enabled by Verenium acquisition in 2010

• First commercial plant in Florida scheduled for 2013 sanction

Biobutanol

• JV with DuPont called Butamax

• Biobutanol pilot plant at Saltend (BP Chemicals site) in Hull, UK, alongside world-scale ethanol plant Vivergo Fuels (JV with AB Sugar and DuPont).Jennings Plant, Louisiana

0

200

400

600

800

2007 2008 2009 2010 2011FC

2012FC

VivergoCNAA MillsTropical

`

5

Biofuels: UK

Jennings Plant, Louisiana

• World-scale ethanol plant located on BP’s Saltend site in Hull

• Largest ethanol plant and no.1 single-source supplier of animal feed in the UK

• GHG savings in excess of 50% over conventional transport fuels

Vivergo FuelsJV: BP, AB Sugar, DuPont

• Equivalent to removing 180,000 cars from the road each year

• Biobutanol technology demonstration plant also located at Saltend

• Potential for retrofit of Vivergo in the future to produce biobutanol

Vivergo construction workers

6

Renewable Power: US Wind

BP Wind Installed Capacity (MW)

Operating Wind Farm

Under construction

2012 build programme

Cedar Creek 1 Wind Farm, Colorado

0

500

1000

1500

2000

2500

3000

2007 2008 2009 2010 2011FC

2012FC

Gross MW Capacity

Net MW Capacity

• Currently one of the largest US wind developers

• >$200m cash returned to the Group in 2010

• Business built from scratch in the US in 2007, and now has 1580 MW of gross capacity and 11 operating farms; 1955 MW and 13 farms by end 2011

• At least 3 further farms planned for 20127

Emerging Business & Ventures

cleantech fundscleantech funds biotechbiotech

solarsolar storagestorageefficiencyefficiency

carbonVantage Point

China Environment Fund

Zouk Ventures Ltd

South Pole

Camco CDM Project Pool

PCF Fund

CCF Carbon Conscious

World Bank FCPF

Synthetic Genomics

Mendel Biotechnology

Qteros (US)

REAC

Brightsource

Abound Solar

Net Power

Xtreme Power

GMZ Energy

Breathing Buildings

The Emerging Business & Venturing Portfolio covers 25 ventures, with ~$130m of investment to date in 6 themes.

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Alternative Energy - Overview

Katrina Landis, CEO BP Alternative EnergyNovember 30th 2011

Vivergo plant under construction