Oil companies want to build renewable fuels

American oil companies Exxon Mobile and Chevron are looking to produce more renewable fuel.

The two largest U.S. oil companies want to produce Sustainable Billions of dollars, often without paying for the products.

People with knowledge of the efforts have been told Reuters The two companies are now finding ways to produce such products in their existing manufacturing centers.

Renewable fuels make up 5 percent of US oil use. But that percentage is expected to grow when manufacturers want to cut carbon Releases To combat climate change.

Both Chevron and Exxon are big Filtering Parts that significantly increase their carbon emissions. The companies are said to be less likely to generate renewable energy than European companies such as Royal Dutch and Total Energy.

American corporations spend less money on green technologies than those companies.

Exxon and Chevron are looking at how to build food warehouses such as vegetable oils and semi-processed biofuels. Fuel. That process produces renewable fuels, sustainable aviation fuel (SAF) and renewable gasoline without significantly reducing costs. Renewable fuels cost more than regular gasoline without government assistance.

The sources said Reuters Exxon is working to understand up to 50 percent of its biological management capabilities.Warehouses To produce SAF.

Chevron is also looking at how to store warehouses through liquid catalyst crackers (FCC). FCCs produce gasoline and are generally the largest component of refining Utilities.

“Our goal is to set up bio-food joints in the FCC by the end of 2021,” a Chevron spokesman said. Reuters. Bio food warehouses provide renewable products to people in Southern California.

Chevron is working with the U.S. Environmental Protection Agency (EP) and the California Climate Board (CARB) to convert the renewable oil into fossil fuels. Thanks. Expenditure credit is a cash reward for companies to release less pollution.

Petroleum products are still unavailable. But the California Energy Commission says renewable fuels can reduce carbon dioxide emissions by 61 percent to 83 percent.

Congress is also considering a tax credit law that would encourage oil producers to produce sustainable jet fuel.

The federal government and some states provide financial incentives to produce renewable fuels. Some oil producers, such as Texas-based Valero and Finland-based Nest, have increased production of fossil fuels from waste oils and vegetable oils.

Many other American manufacturers are partially or completely changing their factories to produce renewable fuels, especially diesel.

Once approved, new ways to produce renewable fuels in refineries will allow manufacturers to avoid long-term environmental licensing processes. Many of these processes are still under investigation.

I am Dan Novak.

Laura Sanikola He told Reuters the story. Dan Novak edited this story for VOA English. Ashley Thompson was the editor.

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Words in this story

Sustainable adj. Including methods that do not fully utilize or consume natural resources

Releasen. The function of producing or exporting an object (such as energy or gas) from a source

Credit n. Amount of money added to the account

Filter Factory n. A place where unwanted substances (such as oil or sugar) are removed from an object : Where something is filtered

Fuel n. A place where unwanted substances (such as oil or sugar) are removed from an object : Where something is filtered

Pastor – n. Material not designed to supply or ignite a machine or industrial process

Instituten. The function of producing or exporting an object (such as energy or gas) from a source

Credit n. Amount of money added to the account

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