Update on low carbon fuels

https://www.reuters.com/markets/commodities/phillips-66-adm-talks-biofuels-joint-venture-sources-2023-08-08/?fbclid=IwAR00xe5ZsqYTDmD7w0pkeEJB7hkCuNicR_ztXOxVOdNGq6uuRMpV3Zxu7hQ

Phillips 66 and ADM plan a joint venture in low carbon fuels.

ADM “dry mills in Columbus, Nebraska, and Cedar Rapids, Iowa, are among the country’s largest, with a combined capacity to produce 613 million gallons of ethanol a year”

" Axens SA, which provides technology to convert oil and biomass to lower-carbon fuels, in May agreed to provide its ethanol-to-fuels conversion technology to Phillips, ADM or a joint venture. The deal was a carve out between Paris-based Axens and Gevo Inc (GEVO.O), which had an exclusive license for the ethanol conversion technology."

Projects to make biodiesel from soybean oil or canola also described.

1 Like