Exxonmobil expands interest in biofuels, acquires stake in biojet as

Irving, texas--(business wire)--exxonmobil is expanding its interests in biofuels that can help reduce greenhouse gas emissions in the transportation sector, acquiring a 49.9% stake in biojet as, a norwegian biofuels company that plans to convert forestry and wood-based construction waste into lower-emissions biofuels and biofuel components. biojet as plans to develop up to five facilities to produce the biofuels and biofuel components. the company anticipates commercial production to begin in
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