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3 Oil Majors That Bet Big On Renewables

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

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

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

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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
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EPA proposes Renewable Fuel Standard (RFS) volumes for 2023-2025; seeking input on future modifications

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The US Environmental Protection Agency (EPA) issued a multipart proposal for required volumes of biofuel under the Renewable FUel Standard (RFS) for the next one to three years and on a series of modifications to the program. This proposal includes steady growth of biofuels for use in the nation’s fuel supply for 2023, 2024, and 2025.

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ICCT report finds expected surge in renewable diesel production could have damaging environmental impacts due to feedstock demand

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The International Council on Clean Transportation (ICCT) has released a report prepared by the consultancy Cerulogy that explores the potential market and environmental impacts of increased capacity for renewable diesel produced by hydrotreating oils and fats in the US.

Renewable 243
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Imperial approves $720M for largest renewable diesel facility in Canada at Strathcona; 1B liters per year

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ExxonMobil’s majority-owned affiliate Imperial Oil will invest about $720 million (US$560 million) to move forward with construction of the largest renewable diesel facility in the country. Imperial also intends to use renewable diesel in operations as part of the company’s emission reduction plans. Earlier post.)

Canada 199