Valero pumps $50m into wood-to-biofuel plant

James S Murray
clock

Mascoma set to begin work on new plant this year after securing fresh funding and purchasing agreement

The emerging market for second-generation biofuels received a major boost yesterday when one of the largest oil refiners in the US, Valero Energy Corporation, announced it will invest up to $50m in a proposed...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join now

 

Already a BusinessGreen
member?

Login

More on Biofuel

BT is targeting net zero across its entire business and value chain by 2040 | Credit: BT

BT takes aim at slashing 60 million tonnes of customers' CO2 by 2030

Technology and telecoms giant announces fresh climate goals as it accelerates efforts to achieve net zero value chain by 2040

BusinessGreen staff
clock 07 December 2021 • 2 min read
BP scales up investment in biogas distribution with deal to acquire stake in Gasrec

BP scales up investment in biogas distribution with deal to acquire stake in Gasrec

Oil and gas giant has acquired a 29 per cent stake in the leading biomethane supplier, as it continues to diversify its operations

clock 02 December 2021 • 2 min read
The role of tech in the future of sustainability

The role of tech in the future of sustainability

The tech sector can help deliver on COP26 promises such as curbing methane, ending fossil fuel finance and reversing deforestation, explains techUK's Craig Melson

Craig Melson, TechUK
clock 30 November 2021 • 4 min read