In Michigan, the CEO of ConocoPhillips indicated his company’s strong focus on transforming from an oil and gas company into an “energy company”, highlighting investment in wind, solar, and biofuels projects.
Archer-Daniels-Midland recently announced a partnership with ConocoPhillips to produce “biocrude,” a hydrocarbon fuel made from biomass with similar properties to crude oil, which can be refined into gasoline or diesel. ConocoPhillips had previously announced a partnership with Tyson foods to develop chicken-fat based biodiesel.
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