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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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Phillips 66 progressing its conversion of California refinery to renewable fuels

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In August 2020, Phillips 66 announced that it planned to reconfigure its San Francisco Refinery in Rodeo, California, to produce renewable fuels. The plant will no longer produce fuels from crude oil, but instead will make fuels from used cooking oil, fats, greases and soybean oils. Earlier post.).

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Building materials recycler switches fleet to Neste renewable diesel

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Now, Argent has switched its fleet from petroleum diesel to Neste MY Renewable Diesel. We decided to switch to renewable diesel once our quality and availability concerns were satisfied. We decided to switch to renewable diesel once our quality and availability concerns were satisfied. There’s no change in engine performance.

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

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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. GCEH will immediately commence retooling the refinery to produce renewable diesel from organic feedstocks such as vegetable oils.

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Novvi LLC begins production of 100% renewable base oils & process oils

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Novvi LLC announced the successful start-up of its Deer Park, TX plant, where it is manufacturing and marketing 100% renewable base oils ( NovaSpec Base Oils ) for the lubricants industry, and 100% renewable process oils for polymer, adhesives, and personal care industries.

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Chevron / Toyota road trip demonstrates renewable gasoline blend

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Chevron USA kicked off a road trip across the US Gulf Coast to showcase an innovative new gasoline blend with more than 50% renewable content. During the tour, Chevron representatives will talk with members of the public about the benefits of lower carbon fuels such as biofuels and renewable gasoline blend.

Chevron 446
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OMV says it will stop oil and gas production by 2050 in transformation to net-zero

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Austria-based OMV, an international, integrated oil, gas and chemicals company, announced its intention to become a net-zero (Scope 1, 2 and 3) company by no later than 2050. The Refining & Marketing business is to become a leading European provider of sustainable fuels, feedstock, and mobility solutions.

Oil 465