Exxon betting on mid-20s biofuels demand

EXXONMOBIL is acquiring a 49.9% stake in Norwegian biofuels company Biojet AS as it beefs up its decarbonisation portfolio.

Exxon betting on mid-20s biofuels demand Exxon betting on mid-20s biofuels demand Exxon betting on mid-20s biofuels demand Exxon betting on mid-20s biofuels demand Exxon betting on mid-20s biofuels demand

File photo: Exxon's Malaysia HQ

Biojet specialises in turning biomass—industry speak for wood chips, among other things such as sugar cane husks—into "lower emissions biofuels and biofuel components".