ExxonMobil and Global Clean Energy Holdings have signed a purchasing agreement for 2.5 million bpy of renewable diesel for five years starting in 2022.
The renewable diesel would come from Global Clean Energy’s retooled acquired refinery in Bakersfield, California. ExxonMobil will market the renewable diesel within California and potentially to other domestic and international markets.
The refinery will utilize Global Clean Energy’s patented varieties of camelina, a fallow land crop that does not displace food crops, and other non-petroleum feedstocks including used cooking oil, soybean oil, distillers’ corn oil, etc.
Richard Palmer, CEO of Global Clean Energy Holdings, commented, “By combining upstream feedstock supply and downstream production, we are moving toward the fully integrated production model pioneered by ExxonMobil.”
