The Odessa Development Corporation and Nacero Inc., a Houston-based company, announced plans on Wednesday to build a $6.5 - $7.0 billion lower carbon gasoline manufacturing facility at a site in Penwell, Texas, in two phases. Phase one will produce 70,000 barrels per day of gasoline component (ready for blending). Phase two will increase that capacity to 100,000 barrels per day. The gasoline produced at the facility will contain no sulfur and have half the lifecycle carbon footprint of traditional gasoline. The gasoline will be made from a combination of natural gas, captured bio-methane and mitigated flare gas.
- Nacero