Chevron commits up to $25 million to develop transportation fuels from renewable resources such as forest and agricultural waste
San Ramon, California, 19 September 2006

Demonstration biofuels facility planned

Chevron Corporation (NYSE: CVX) and the University of California, Davis (UC Davis) have formed a strategic research collaboration to pursue advanced technology aimed at converting cellulosic biomass into transportation fuels. The joint research effort will coordinate with the California Biomass Collaborative to focus on renewable feedstocks available in California, including agricultural waste such as rice straw. The collaboration is expected to focus its research on four areas:

1. understanding the characteristics of current California biofuel feedstocks;
2. developing additional feedstocks optimized for features such as drought tolerance, minimal land requirements and harvesting technology;
3. production of cellulosic biofuels;
4. design and construction of a demonstration facility for biochemical and thermochemical production processes.

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