Americas > UPDATE – Exxon affiliate invests C$720 mln in Canada’s largest renewable diesel project

UPDATE – Exxon affiliate invests C$720 mln in Canada’s largest renewable diesel project

Published 18:33 on January 26, 2023  /  Last updated at 21:39 on January 26, 2023  /  Americas, Canada, RINs & LCFS  /  No Comments

The Canadian affiliate of oil major ExxonMobil on Thursday announced a C$720 mln ($539 mln) investment in a renewable diesel facility that will lower emissions under both provincial and federal low-carbon fuel standards.

*Updates with news that the Canadian environment ministry published an updated Fuel Life Cycle Assessment (LCA) model on Thursday*

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