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Casterra to sell castor seeds for cultivation to leading oil and gas company; $9.1M initial purchase

Green Car Congress

signed a framework agreement to sell seeds of its proprietary castor varieties to one of the world’s leading oil and gas companies for cultivation in specific African territories. Initial purchase orders, valued at an aggregate of $9.1 of the current world demand for non-fossil oil for biodiesel. Casterra Ag Ltd. ,

Oil 276
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US Treasury allows Chevron to resume oil production in Venezuela, delivery to US only

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Purchase and importation into Venezuela of goods or inputs related to the activities described in this general license, including diluents, condensates, petroleum, or natural gas products. from receiving profits from the oil sales by Chevron. This authorization prevents PdVSA (Petróleos de Venezuela, S.A.) Chevron also holds a 25.2%

Venezuela 358
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Aemetis India Plant to supply $41M of biodiesel in two-month period to OMCs and India oil refiners

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Aemetis announced that its Universal Biofuels subsidiary in India, owner and operator of a biodiesel plant located near the Port of Kakinada on India’s east coast, was selected by the three government-controlled oil marketing companies (OMCs) and a major oil refiner to supply approximately 8,000,000 gallons of biodiesel over the next two months.

India 243
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ExxonMobil increases purchases of renewable diesel from Global Clean Energy Holdings to up to 5M barrels per year

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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 original agreement signed in August 2020 committed ExxonMobil to purchase 2.5 Earlier post.). million barrels of renewable diesel per year.

Purchase 186
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Oil sands company Suncor Energy strengthens its focus on hydrogen and renewable fuels, divesting wind and solar

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Suncor Energy, a Canadian integrated energy company that is one of the top oil sands producers in the country, will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. Suncor also plans to divest its wind and solar assets.

Oil-Sands 225
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NEXT Renewable Fuels and Shell Trading (US) enter renewable diesel purchase and sale agreement

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NEXT) and Shell Trading (US) Company (Shell) have entered a long-term purchase and sale agreement for the purchase of renewable diesel from NEXT’s planned Port Westward, Oregon facility. NEXT Renewable Fuels , Inc.

Renewable 268
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Tesoro to purchase algae-derived green crude oil from Sapphire Energy

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Under the agreement, Tesoro will purchase crude oil from Sapphire Energy’s Green Crude Farm in Columbus, New Mexico, which recently reached a new milestone: continuous cultivation and crude oil production. Wet extraction technology for algae-based crude oil has been considered one of the biggest challenges to commercialization.

Oil 218