Chevron forms biofuels unit

By | August 01, 2006
Chevron Corp. announced in early June that it has formed a biofuels business unit to advance technology and pursue commercial opportunities related to the production and distribution of ethanol and biodiesel in the United States. The announcement was made just prior to the groundbreaking ceremony of Galveston Bay Biodiesel, a 100 MMgy Galveston, Texas-based biodiesel facility Chevron has invested in.

The biofuels business will operate within Chevron Technology Ventures, a corporate subsidiary dedicated to developing and commercializing energy technologies.
 
 
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