PetroChina, the world's third most valuable company as of the second quarter of 2011, says it will add 1.1 million tons of biofuel production capacity by 2015, according to a company official who spoke with Reuters. Additionally, PetroChina says it will import 470,000 tons of biofuels by 2015, as China aims to make use of more alternative fuels.
Well, in case you were wondering if there was any money left in oil, put your questions to rest. The PetroChina company this morning became the first firm ever to be worth more than $1 trillion. A trillion dollars. How many zeros is that? Twelve. So, it looks like this: $1,000,000,000,000. Hell, I'd be happy with a trillion pennies.