Chevron forms biofuels unit for ethanol, biodiesel
Chevron forms biofuels unit for ethanol, biodiesel
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DOW JONES NEWSWIRES
Chevron Corp. (CVX) formed a biofuels business to develop technology and commercial opportunities for the production and distribution of ethanol and biodiesel in the
The
The new biofuels business will operate within Chevron Technology Ventures, a unit focused on identifying, developing and commercializing emerging energy technologies.
Chevron blends about 300 million gallons of ethanol a year in the
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posted by Matt @ 1:33 PM
1 comments
1 Comments:
I have been tracking Chevron for a few months to compare their public relations efforts (i.e., www.willyoujoinus.com) vs. the other big oil companies. They are doing a much better job and this announcement is further evidence of it.
Their CEO also appeared recently on Larry King Live when no other oil company exec agreed to appear. This was the show featuring Robert Redford kicking off the "Kick the Oil Habit" campaign.
Now it should be interesting to see how Chevron deals with ethanol production, refining, and blending at their oil refineries. This should be a WIN-WIN for them and will clearly show a difference between them and their oil industry colleagues.
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