Subsidiary Texas Renewable Funds will use 1 million tonnes of wood waste to create 154 million litres of biofuels per year, including sustainable aviation fuel, renewable diesel and renewable naphtha.
The company plans to double annual production to 309 million litres per year of biofuel in future phases.
The facility will capture and sequester around 500 million tonnes of carbon dioxide over its lifespan.
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More
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