About me – Olivier Macé

Industry leadership and expertise across the entire Biofuels value chain

After a number of leadership roles in the Downstream Oil sector, including CFO of a BP business unit and Sales Director for Castrol Automotive in Northern Europe, I had the privilege of joining the newly-formed BP Biofuels business at its inception in 2006. The purpose of this new business was to make large-scale investments in new technologies and production assets to develop higher quality, more sustainable and more affordable biofuels. This led to a number of significant projects and investments, including the construction of a new ethanol plant in the UK, the acquisition of three sugarcane-to-ethanol mills in Brazil, and technology programmes for 2nd generation technologies including ligno-cellulosic ethanol, bio-butanol and heterotrophic algae.

In 2014, I was appointed to lead the BP Midstream business in the UK, which included direct accountability for compliance with the RTFO (UK renewable fuel regulation) and margin maximisation from our biofuels activities. Then between 2018 and 2020, I led the Biofuels Centre of Expertise for BP in Europe, a cross-functional team responsible for achieving maximum margin from the obligated demand generated by biofuels regulations across EU countries.

These two phases of my career have given me a unique insight into the end-to-end biofuels value chain, from early stage technology evaluation and feedstock choices to compliance fulfillment and – crucially – margin maximisation.



For obligated parties, biofuels should always be seen as an opportunity rather than a cost. The diverse array of available compliance options creates a wealth of arbitrage and optionality opportunities to optimise the “compliance recipe”.


Biofuels can be produced using a mind-boggling variety of feedstocks, production pathways, and resulting products. They all have different economic and sustainability outcomes and are treated differently by regulations across Europe and the world.


Biofuels regulations tend to be complex and full of potential pitfalls, nowhere more so that in Europe, where the European-level directive (REDII) is being implemented by each Member State in a subtly different way, increasing complexity exponentially.


Biofuels must be sustainable, and accepted by Society as such, or they will fail. Europe/UK already has highly sophisticated sustainability elements in its biofuels regulations. The incentives for some feedstocks / technologies, and restrictions on others, will only get more complex as the science of sustainability progresses.

RELEVANT Experience

Business Development Manager, Europe, BP Biofuels

2006 – 2007

Key projects included jatropha production JV, ethanol plants in UK & Hungary and biodiesel project in Spain

Global Head of Strategy, Regulatory Affairs & Comms, BP Biofuels

2009 – 2013

Accountable for the Strategy of the business globally, resulting in $2bn investment over 5 years. Also accountable for advocacy to help shape biofuels regulations

General Manager Europe & Africa, BP Biofuels

2007 – 2008

Leading all aspects of the business to develop material investment opportunities for biofuels production in the region

Biofuels CoE Director, BP Europe

2018 – 2020

Accountable for the delivery of the sourcing, blending and compliance margin for BP as an obligated party across 10 European countries

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