Chevron to Pursue Biofuel Ventures
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From Bloomberg News
Chevron Corp. said it formed a biofuels unit to pursue commercial opportunities related to production and distribution of ethanol and biodiesel.
The unit will operate within Chevron’s technology ventures business, the San Ramon, Calif.-based company said.
Chevron now produces about 300 million gallons of ethanol a year for use in gasoline blends.
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