Two pieces of news from Chevron today. First, Chevron Corporation and the Texas A&M Agriculture and Engineering BioEnergy Alliance have initiated a "strategic research agreement" to accelerate the production of biofuels from cellulose to the consumer. These groups thereby enters into a four-year partnership that will endeavor to:
Oil giant Chevron has invested in a new 20-million gallon per year / 75.7 million litre per year soybean oil biodiesel production plant in Galveston, Texas. Plans are already underway however to increase production initially to 60 million gallons and then 110 million gallons over the next year.