Issue Date: May 22, 2006
Oil refiners on both sides of the Atlantic are putting money into biodiesel, an alternative fuel derived from soybean oil and other renewable feedstocks. Chevron has acquired a 22% stake in Galveston Bay Biodiesel, a Houston-based company building a biodiesel plant in Galveston, Texas, that Chevron says will be one of the first large-scale facilities in the U.S. When it opens at the end of the year, the plant will be able to make . . .
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