article thumbnail

3 Oil Majors That Bet Big On Renewables

Green Car Congress

Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com.

Oil 418
article thumbnail

Global Clean Energy buys Bakersfield refinery for $40M, converting to produce renewable diesel

Green Car Congress

Global Clean Energy Holdings, Inc., Alon Bakersfield Refinery is an existing oil refinery located in Bakersfield, California. Historically, the refinery has produced diesel from crude oil and has a capacity of 70,000 barrels per day. through a subsidiary, has purchased Alon Bakersfield Properties, Inc.,

Renewable 389
article thumbnail

ExxonMobil increases purchases of renewable diesel from Global Clean Energy Holdings to up to 5M barrels per year

Green Car Congress

ExxonMobil and Global Clean Energy have expanded their five-year agreement to increase ExxonMobil’s purchase of renewable diesel to up to 5 million barrels per year. The renewable diesel leverages Global Clean Energy’s patented camelina crop, which can significantly reduce life-cycle greenhouse gas emissions.

Purchase 186
article thumbnail

Oleo-X launches merchant pretreatment facility for renewable diesel and sustainable aviation fuel feedstocks

Green Car Congress

Oleo-X, a producer of premium renewable fuel feedstocks, launched its renewable diesel (RD) and sustainable aviation fuel (SAF) feedstock merchant pretreatment facility. The purity of the feed reduces the revamp cost of converting existing conventional refining units to process renewable feedstock, while also lowering carbon intensity.

Renewable 199
article thumbnail

ExxonMobil to buy 2.5M barrels of renewable diesel per year for 5 years from Global Clean Energy

Green Car Congress

ExxonMobil has signed an agreement with Global Clean Energy Holdings to purchase 2.5 million barrels of renewable diesel per year for five years from a converted California refinery starting in 2022. million barrels per day of heating oils, kerosene and diesel oils. The US share of that was 449,000 barrels per day.

Clean 186
article thumbnail

Diamond Green Diesel to boost renewable diesel capacity to 1.2B gallons/year; $1.45B expansion project

Green Car Congress

Darling and Valero jointly announced that their 50/50 joint venture, Diamond Green Diesel (DGD), has received approval from both companies’ Boards of Directors to proceed with the construction of the renewable diesel production facility to be located at Valero’s Port Arthur, Texas refinery. billion pounds of used cooking oil annually.

Diesel 397
article thumbnail

EIA: biofuels are displacing petroleum-based distillate fuel oil consumption on the West Coast

Green Car Congress

Consumption of distillate fuel oil in the US West Coast, as measured by product supplied, decreased to its lowest level since 2002 last year and continues its decline this year, according to the latest “This Week in Petroleum” report from the US Energy Information Administration (EIA).

Oil 195