Collaboration to focus on next-generation production technologies for renewable fuels

On 4 October 2006, Chevron Corporation (NYSE: CVX) and the US Department of Energy's (DOE) National Renewable Energy Laboratory (NREL), headquartered in Golden, Colorado, USA today announced a strategic research alliance to advance the development of renewable transportation fuels.

Chevron Technology Ventures LLC (CTV), a subsidiary of Chevron Corporation, and NREL have signed a five-year agreement to research and develop new production technologies for biofuels. Researchers from CTV and NREL will collaborate on projects to develop the next generation of process technologies that will convert cellulosic biomass, such as forestry and agricultural wastes, into biofuels such as ethanol and renewable diesel.

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