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Chevron Takes 22% Stake in Texas Biodiesel Company

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ny_liberal Donating Member (387 posts) Send PM | Profile | Ignore Fri May-12-06 06:39 PM
Original message
Chevron Takes 22% Stake in Texas Biodiesel Company
Chevron has taken a 22% stake in Galveston Bay Biodiesel LP (GBB). The Houston-based company is constructing a biodiesel production and distribution facility in Galveston, Texas, scheduled for completion by the end of 2006.

GBB will have initial production of 20 million gallons per year, and the facility has the capability to expand operations to produce 100 million gallons of fuel per year. Total US biodiesel production in 2005 was 75 million gallons.

http://www.greencarcongress.com/2006/05/chevron_takes_2...
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ny_liberal Donating Member (387 posts) Send PM | Profile | Ignore Fri May-12-06 06:40 PM
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1. Big Oil getting into the ethanol business
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Ikonoklast Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-12-06 06:46 PM
Response to Reply #1
2. Actually, biodiesel is not ethanol
Two different products, but big oil will try to corner the production market as well as the distribution of both ethanol and bio-diesel. They will have a formidable time with the huge agri-business concerns which see themselves as key players in the near future re: fuel production and delivery systems.
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Jayhawk Lib Donating Member (587 posts) Send PM | Profile | Ignore Fri May-12-06 08:20 PM
Response to Reply #1
3. Ethanol and bio-diesel will definitely not
get rid of big oil. Big oil will be involved big time with manufacturing, distributing, and also on the retail selling of it.
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greenman3610 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-12-06 09:08 PM
Response to Reply #3
4. fine. Let them divert their cash in to Bio
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Jayhawk Lib Donating Member (587 posts) Send PM | Profile | Ignore Sat May-13-06 06:30 AM
Response to Reply #4
7. I am sure they will divert their cash into
whatever makes them the most return for their buck.
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Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-12-06 09:09 PM
Response to Original message
5. And the reason they didn't make a move like this, oh, 20 years ago is????
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ny_liberal Donating Member (387 posts) Send PM | Profile | Ignore Fri May-12-06 10:48 PM
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6. gotto love this picture :)
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