USA: Sustainable Energy Exxon Mobil Partners with Global Clean Energy for Renewable Diesel
Under the terms of the contract, Exxon Mobil will purchase 2.5 million barrels of renewable diesel per year from Global Clean Energy’s refinery in California, USA for five years beginning from 2022.
Texas/USA – Exxon Mobil has signed an agreement with Global Clean Energy Holdings to purchase 2.5 million barrels of renewable diesel per year for five years from a converted California refinery starting in 2022. The renewable diesel will be sourced from a refinery acquired by Global Clean Energy in Bakersfield, California, which is being retooled to produce renewable diesel from Global Clean Energy’s patented varieties of camelina, a fallow land crop that does not displace food crops, and other non-petroleum feedstocks. Following scheduled production startup in 2022, Exxon Mobil plans to distribute the renewable diesel within California and potentially to other domestic and international markets.
“Our agreement with Global Clean Energy builds on Exxon Mobil’s longstanding efforts to develop and offer products that help meet society’s energy needs while reducing environmental impacts,” said Bryan Milton, president of Exxon Mobil Fuels and Lubricants Company. “Chemically similar to petroleum-based diesel, renewable diesel can be readily blended for use in engines in the market today.”
“Our relationship with Exxon Mobil is a perfect fit for Global Clean Energy and the Bakersfield biorefinery because it leverages Exxon Mobil’s scale and unrivaled market perspective to unlock value for both companies,” said Richard Palmer, CEO of Global Clean Energy Holdings. “By combining upstream feedstock supply and downstream production, we are moving towards the fully integrated production model pioneered by Exxon Mobil.”
In addition to camelina, various non-petroleum feedstocks, including used cooking oil, soybean oil, distillers’ corn oil and other renewable sources will be refined to produce the renewable diesel.
Based on analysis of California Air Resources Board (Carb) data, renewable diesel from various non-petroleum feedstocks can provide life-cycle greenhouse gas emissions reductions of approximately 40 per cent to 80 per cent compared to petroleum-based diesel.