In the United States (US), ExxonMobil Corporation (ExxonMobil), one of the largest publicly traded international energy companies, and compatriot Global Clean Energy Holdings Inc. (GCEH) have expanded their five-year agreement to increase ExxonMobil’s purchase of renewable diesel up to 5 million barrels per year from the Bakersfield Renewable Fuels (BKRF) biorefinery in California (CA).
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According to a statement, ExxonMobil will be the exclusive buyer of renewable diesel from GCEH’s biorefinery in Bakersfield, California (CA), which is on schedule to begin production in early 2022.
The original agreement signed in August 2020 committed ExxonMobil to purchase 2.5 million barrels of renewable diesel per year. The new expanded five-year agreement commits the company to purchase up to 5 million barrels per year from the Bakersfield biorefinery.
Following production startup, ExxonMobil plans to distribute the renewable diesel within California and potentially other US and international markets.
Our expanded agreement with Global Clean Energy reinforces ExxonMobil’s longstanding efforts to support society’s ambitions for lower-emission fuels. Through our growing relationship, we remain focused on bringing renewable fuels to market that make meaningful contributions to help consumers reduce their emissions, said Ian Carr, President of ExxonMobil Fuels and Lubricants Company.
Leverage camelina
The renewable diesel leverages GCEH’s patented camelina crop feedstock, which can significantly reduce life-cycle greenhouse gas (GHG) emissions.
Based on analysis of California Air Resources Board (CARB) data, renewable diesel from various non-petroleum feedstocks can provide life-cycle GHG emissions reductions of approximately 40 percent to 80 percent compared to petroleum-based diesel.
When cultivated as a cover crop on rotational dryland, camelina can help meet the growing global demand for lower-carbon non-petroleum feedstocks.
Our work at the Bakersfield biorefinery is a perfect example of what can be accomplished when an industry leader like ExxonMobil supports a growing renewables company like Global Clean Energy with long-term contracts. By working together across traditional agricultural, energy and supply chain lines, we are showing how ag and energy, big and small, can collaborate to bring lower-carbon fuels to market, said Richard Palmer CEO of Global Clean Energy Holdings.
The Bakersfield biorefinery will process up to 15 000 barrels per day of renewable feedstocks, including Global Clean Energy’s proprietary camelina.
The balance of renewable diesel will be produced using various non-petroleum feedstocks, including used cooking oil (UCO), soybean oil, distillers’ corn oil, and other renewable sources.
