ExxonMobil Signs Renewable Diesel Deal With Global Clean Energy Holdings
August 11 2020 - 12:04PM
Dow Jones News
By Stephen Nakrosis
ExxonMobil on Tuesday said it signed a five-year agreement that
will see Global Clean Energy Holdings supply 2.5 million barrels of
renewable diesel per year beginning in 2022.
Global Clean Energy will supply ExxonMobil from a refinery in
Bakersfield, Calif., which is being retooled to produce renewable
diesel, the companies said.
ExxonMobil said it plans to distribute the renewable diesel
within California and possibly to other domestic and international
markets.
The renewable diesel will be produced using Global Clean
Energy's patented varieties of camelina and other non-petroleum
feedstocks, the companies said.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
August 11, 2020 11:49 ET (15:49 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Exxon Mobil (NYSE:XOM)
Historical Stock Chart
From Aug 2024 to Sep 2024
Exxon Mobil (NYSE:XOM)
Historical Stock Chart
From Sep 2023 to Sep 2024