Chevron Invests in 100 million Gallon/Year Biodiesel Facility
by John Laumer, Philadelphia on 05.16.06
Chevron Corporation, a US-based oil company, has announced that is has taken a 22% investment stake in the first large-scale US biodiesel facility, planned by Galveston Bay Biodiesel LP (GBB). GBB will have initial production of 20 million gallons per year, representing almost a 27 percent increase in total U.S. biodiesel production of 75 million gallons in 2005. The facility has the capability to expand operations to produce 100 million gallons of fuel per year. Smart move really. In Europe biodiesel is said to capture around 1% of the diesel market, whereas here in the US it is far less. With the price differential between bio and fossil fuels offering a nice margin, a controlling position is what you'd expect from an oil company. We said goodby to garage bands and then garage-invented computers; and now, we'll do the same to garage-made biofuels, as mass availability dominates the scene.
I wish more car companies would offer diesel engines - right now you are stuck with VW, Benz, and trucks.
BTW, I love the "well placed" google ads for Hummers on T-Hugg
in uk and europe atleast most car ranges come with the option of a diesel engine but ive never heard of a fuel station here offering biofuels
you can find retail sites listed here. in my area (west los angeles) we have 2 retail biodiesel fueling stations!!! go BIO-D!!!
http://www.biodiesel.org/buyingbiodiesel/retailfuelingsites/default.shtm
I so much like the services of chevron to humanity and the world and will want to be part of it