- Posted by Eduardo Moreno
Global energy company Chevron and renewable chemicals and advanced biofuels firm Gevo are planning to build one or more new plants to produce sustainable aviation fuel (SAF) from inedible corn oil, Chevron announced on 9 September.
Chevron USA, a subsidiary of Chevron Corporation, and Gevo had signed a letter of intent for the joint project, which would also produce proteins and corn oil, according to the announcement.
Through the joint project, Gevo would operate its proprietary technology to produce SAF and renewable blending components for fuel, while Chevron would co-invest in one or more projects and would also have the right to offtake approximately 567M litres (150M gallons)/year, the statement said.
“This potential investment leverages Gevo’s innovative approach to producing sustainable aviation fuel, complementing other renewable fuels investments we are making as part of our higher returns, lower carbon strategy,” Chevron’s executive vice president of Downstream & Chemicals Mark Nelson said.
The proposed investment was subject regulatory approval, Chevron said.
Meanwhile, Chevron announced on 7 September that it was joining Delta Air Lines and Google in a project to track SAF emissions using cloud-based technology.
Chevron USA, through its Chevron Products Company division, Delta Airlines (Delta) and Google had signed a memorandum of understanding (MOU) for the collaboration, the statement said.
Through the project, Chevron said it planned to produce a test batch of SAF at its El Segundo Refinery and sell SAF to Delta at Los Angeles International Airport (LAX).
“We’ve pledged to replace 10% of our jet fuel with SAF by 2030. This partnership has the potential to help us achieve that goal while providing important data and analytics that demonstrate the environmental integrity of our commitment,” Delta’s managing director of sustainability, Amelia DeLuca said.
Google Cloud planned to build a data and analytics framework to analyse emissions data from Delta and Chevron related to the SAF test batch, the statement said.
Source: Oils & Fats Internacional (OFI)