Page 19 - NorthAmOil Week 22

NorthAmOil NEWS IN BRIEF NorthAmOil

Orion Energy, GCM into a renewable diesel (RD) bio-refinery. The ENERGY TRANSITION
project will use GCE’s proprietary camelina
Grosvenor and Voya oil as well as traditional biofuel feedstocks Xebec receives letter of
such as waste fats, oils and greases to produce
close a $365mn strategic RD and other renewable products (liquid intent for Alberta’s first
propane, naphtha). RD is an established
capital partnership with ‘drop in replacement’ fuel for diesel, is 100% commercial renewable
sustainable and can reduce greenhouse gas
Bakersfield Renewable emissions by up to 80% when compared to natural gas project
conventional diesel. The project’s output will
Fuels, a Global Clean Energy be sold under a long-term offtake agreement Xebec Adsorption, a global provider of clean
energy solutions is pleased to announce that it
with a multinational oil major.
Holdings subsidiary supported by a consortium of leaders in the has signed a letter of intent (LoI) on May 28,
Design, engineering and construction is
2020, for the sale of a multi-mn dollar biogas
Orion Energy Partners, GCM Grosvenor and downstream and renewable fuels industry. to renewable natural gas (RNG) installation to
Voya Investment Management are pleased The primary work will be conducted by a large-scale utility customer in Alberta.
to announce a capital partnership with union trades through a local Bakersfield EPC Xebec expects the Loto convert into
Bakersfield Renewable Fuels (BKRF). contractor, ARB, a Primoris Services Corp. backlog over the coming months and system
BKRF is a special purpose vehicle wholly subsidiary. delivery to occur in 2021.
owned by Global Clean Energy Holdings, ORION ENERGY PARTNERS, GCM GROSVENOR XEBEC ADSORPTION, June 03, 2020
Inc. (GCE), which was created to purchase AND VOYA INVESTMENT MANAGEMENT, June
an existing refinery in Bakersfield, California. 3, 2020
BKRF will retool a portion of the refinery

Week 22 04•June•2020 www. NEWSBASE .com P19