The oil group says it is developing a new generation of bio-fuels with associates like chemical maker DuPont and predicts the low-carbon energy could supply as much as 15% of the US' gasoline pool in a decade.

Speaking at the Cambridge Energy Research Associates (Cera) event in Houston today, BP boss Tony Hayward said the company, which is also investing in solar and wind power in the US, has a three-legged programme for its global biofuels business.

Hayward