article thumbnail

ExxonMobil to acquire CCS solutions company Denbury for $4.9B

Green Car Congress

an experienced developer of carbon capture, utilization and storage (CCS) solutions and enhanced oil recovery. —Dan Ammann, President, ExxonMobil Low Carbon Solutions In addition to Denbury’s carbon capture and storage assets, the acquisition includes Gulf Coast and Rocky Mountain oil and natural gas operations.

Companies 195
article thumbnail

Mississippi Approves $75M Loan to Catalytic Pyrolysis Startup KiOR for Biomass to Renewable Oil Plant

Green Car Congress

KiOR, developer of a catalytic pyrolysis process to produce renewable oil from biomass, will receive a $75-million state-backed loan from Mississippi to bring the first three of its full-scale production facilities to the state. The first site will be built in Columbus, Mississippi and could open by the end of 2011.

article thumbnail

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

Green Car Congress

Located in Pascagoula, Mississippi, Oleo-X’s facility has the potential capacity to produce up to 300 million gallons per year of premium feedstock. The company leverages its advanced pretreatment technology to deliver clean, high-quality RD and SAF feedstocks, which enable partners to produce premium renewable fuels.

Renewable 199
article thumbnail

Sinopec purchasing 50% of Chesapeake Energy leasehold in Mississippi Lime unconventional play for $1.02B

Green Car Congress

Chesapeake Energy Corporation and Sinopec International Petroleum Exploration and Production Corporation (Sinopec) executed an agreement which provides for Sinopec to purchase a 50% undivided interest in 850,000 of Chesapeake’s net oil and natural gas leasehold acres in the Mississippi Lime play in northern Oklahoma (425,000 acres net to Sinopec).

article thumbnail

Chevron / Toyota road trip demonstrates renewable gasoline blend

Green Car Congress

Chevron (as well as fellow oil major ExxonMobil) has been developing co-processing—adding biomass-derived feedstocks to the fossil-based feedstocks of existing petroleum refinery process units—as a way to produce fuels with increased renewable content more cost-effectively.

Chevron 446
article thumbnail

Cellulosic fuels company KiOR reveals “substantial doubts” about its viability; funding needed by 1 April

Green Car Congress

In its Form 10-K (annual report) filed with the SEC on 17 March, cellulosic renewable fuels company KiOR said it has “ substantial doubts about [its] ability to continue as a going concern ”. The crude oil proceeds to the hydrotreating unit to be refined into gasoline, diesel and fuel oil. Earlier post.). —KiOR 10-K.

Columbus 225
article thumbnail

bp starts up Manuel project in deepwater Gulf of Mexico; 20,100 boe/d

Green Car Congress

The wells are expected to boost gross platform production by an estimated 20,100 barrels of oil equivant a day (boe/d). The safe production of resilient hydrocarbons in the basins we know best is core to advancing our strategy to transform into an integrated energy company.

Mexico 243