ExxonMobil acquires 49.9% stake in Biojet AS
Green Car Congress
JANUARY 12, 2022
According to the European Union Renewable Energy Directive, biofuels produced from wood waste can help reduce life-cycle greenhouse gas emissions by 85% compared to petroleum-based diesel. The investment in Biojet AS builds on ExxonMobil’s continuing efforts to develop and deploy lower-emission energy solutions.
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