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Bioselect and Chevron Unveil Fully Operational Texas Biodiesel Plant

29 May 2007

BioSelect Fuels LLC, a division of Standard Renewable Energy LLC, and Chevron Technology Ventures, a division of Chevron USA, unveiled their biodiesel plant in Galveston, Texas today. (Earlier post.)

Galveston Bay Biodiesel, LP (GBB) is the initial project of BioSelect Fuels, a Houston-based developer and operator of biodiesel facilities. The facility will initially produce 20 million gallons of biodiesel per year and has the capability to expand operations to produce 110 million gallons per year.

Chevron USA, through its subsidiary, Chevron Technology Ventures, has a 22% equity position in GBB.

BioSelect Galveston will produce biodiesel from soybeans and other renewable feedstocks. The company plans to expand with multiple large-scale sites nationwide to a capacity of 470 million annual gallons by 2010.

May 29, 2007 in Brief | Permalink | Comments (1) | TrackBack (0)

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Comments

Instead of increasing oil refinery capacity, they are sinking money into renewables and other sectors.

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