Partnering critical to renewable fuels growth
Cover crops like camelina, field pennycress or winter canola are being studied as likely feedstocks for future renewable fuel production as part of Chevron Corp.’s effort to advance its low-carbon fuel market to a lofty goal of 100,000 barrels per day by 2030.
More than a year since its acquisition of Renewable Energy Group (REG) of Ames, one of the leaders in the renewable fuels energy industry, Chevron is moving full speed ahead investing in research and development of alternative feedstocks to fuel a growing renewable fuels industry, said Kevin Lucke, REG president.
Identifying new feedstocks for renewable fuels are among the fast-tracked research programs at Chevron and REG. Partnership ventures have been forged with Bunge North America, Corteva and CoverCress to create new, renewable feedstocks.
Among the efforts will be a $1 billion renewable diesel plant expansion at Chevron’s Geismar, Louisiana, production facility; doubling capacity at Bunge’s soybean...
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