Shell might have just won that race. Shell 's acquisition of exclusive development and licensing rights for SBI BioEnergy's biofuel technology has given the energy company access to a fuel that captures 14 grams of carbon dioxide per megajoule of energy, compared with petroleum's 240 million grams of CO2 emissions. NewFuels 's technology converts waste oils, greases and sustainable vegetable oil into biofuels. Although the technology has only been demonstrated at a small scale, SBI BioEnergy's plans to manufacture the biofuel " the end of the day ". Shell recently established its Shell entity, which seeks to streamline its interests in electric mobility, solar, offshore wind and hydrogen combustion, as well as biofuels.
Shell 's acquisition of exclusive development and licensing rights for SBI BioEnergy's biofuel technology has given the energy company access to a fuel that captures 14 grams of carbon dioxide per megajoule of energy, compared with petroleum's 240 million grams of CO2 emissions. NewFuels 's technology converts waste oils, greases and sustainable vegetable oil into biofuels. Although the technology has only been demonstrated at a small scale, SBI BioEnergy's plans to manufacture the biofuel " the end of the day ". Shell recently established its Shell entity, which seeks to streamline its interests in electric mobility, solar, offshore wind and hydrogen combustion, as well as biofuels.