Major oil refiners eye expansion into renewable fuels

Major oil companies are reportedly planning to retool their refineries to capture part of what could be a quickly growing market for various types of renewable fuel, with the firms hoping to secure future tax incentives for low-carbon jet fuel and generate compliance credits under biofuel programs run by EPA and California. Reuters is reporting that oil majors ExxonMobil and Chevron are “looking to bulk up in the burgeoning renewable fuels space by finding ways to make such products...