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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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Neste studying transitioning Porvoo refinery to a renewable & circular site; ending crude oil refining in mid-2030s

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Building on its capability of proactive transformation, Neste has initiated a strategic study on transitioning its refinery in Porvoo, Finland to non-crude oil refining and into a globally leading renewable and circular solutions site. Neste’s growth strategy is centered on renewable and circular solutions. Porvoo refinery.

Oil 259
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Grön Fuels selects Haldor Topsoe technologies for multi-billion-dollar renewable fuels complex in Louisiana

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Grön Fuels, LLC’s renewable diesel and jet fuel option facility at the Port of Greater Baton Rouge is based on Topsoe’s proprietary HydroFlex hydrotreating and H2bridge hydrogen technologies, including an option to capture ~1 million tons per year of bio-CO 2 for carbon sequestration in suitable deep saline aquifers located below the project site.

Renewable 397
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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. In addition to the facility launch, Oleo-X announced the appointment of longtime airline fuel executive Sergio Correa as Chief Executive Officer.

Renewable 199
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Diamond Green Diesel to more than double renewable fuel capacity using second Honeywell Ecofining unit; 675M barrels renewable diesel per year

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will more than double its annual production of renewable diesel with the completion of a second Honeywell Ecofining process unit with a capacity of 30,000 barrels per day (bpd). The Diamond Green Diesel facility converts inedible oils and other waste fats into a high-quality renewable diesel fuel. Ecofining unit.

Renewable 397
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Aemetis signs $3B, 10-year supply agreement for 450M gallons of renewable diesel with industry-leading travel stop company

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Aemetis, a renewable fuels company focused on negative carbon intensity products ( earlier post ), has signed a 10-year, 450-million-gallon renewable diesel supply agreement with an industry-leading travel stop company, which is expected to generate more than $3 billion in revenue. The industrial site has 710,000 s.f.

Renewable 321
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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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