The US is moving to curb imports of used cooking oil, preventing foreign supplies used to make biofuels from qualifying for a lucrative tax credit. “This tax credit is essential to US competitiveness and to reduce emissions in the transportation sector with more affordable, cleaner fuel,” US Deputy Energy Secretary David Turk said in a statement. Emily Skor, CEO of …
Over more than 100 years, the Wilmington and Carson oil refineries have pumped out millions of barrels of gasoline, filling the thirsty cars of Southern California’s freeway-driving motorists. “Phillips 66 remains committed to serving California and will continue to take the necessary steps to meet our commercial and customer demands,” said Mark Lashier, the company’s chairman and chief executive. “I …
Rep. Brad Schneider led the push for the tax credits with support from airlines, environmental groups and companies that make both clean jet fuel and renewable diesel. “From the beginning, our goal has been to ensure market success, to avoid supply chain disruptions, and most importantly to achieve our climate goals.” Build Back Better would authorize a $1.25-per-gallon tax credit …
Shell plans to build one of the largest bio-fuel plants in Europe on the site of the Pernis oil refinery in Rotterdam. At the plant, the Dutch oil and gas giant plans to produce sustainable jet fuel and renewable diesel from waste. This must contribute to Shell's plans to achieve zero net CO2 emissions by 2050, Shell announced on Thursday, …
A Gladstone oil refinery says it has found the solution to Australia's tyre waste and fuel security problems. Key points: A central Queensland oil refinery has made biofuel from old tyres that can work in a standard diesel engine Hopes are the production of the fuel, once commercialised, will help curb tyre waste and offer fuel security in the event …