Renewables

As our society continues to progress towards meeting new climate change objectives, we at Occidental want to endeavor to help this move forward.

Governments across the world are recognizing the affects fossil-based fuels are having on the climate and are aligning their fuels programs to lower their carbon footprint. Most countries are now a party to the Paris Agreement which is a legally binding international treaty on climate change aimed at lowering global warming to pre-industrial levels (https://unfccc.int/process-and-meetings/the-paris-agreement/the-paris-agreement).

 

In Canada, the Clean Fuels Standard (CFS) and the British Columbia Low Carbon Fuel Standard (BC-LCFS), and in the US, the Renewable Fuel Standard (RFS2) and the US West Coast Low Carbon Fuel Standards (LCFS) are all incentive-based programs aimed at reducing Green House Gas emissions through the production and sale of renewable/bio-based fuels. Renewable Fuels are produced from a variety of bio-based feedstocks and meet all ASTM fuels quality standards of the petroleum products fuels they replace.

Whilst the carbon intensity of the manufacture of renewable fuels is fundamentally different from fossil fuels, the modes of transportation to move them from point of manufacture to point of demand remain very similar with railcars and trucks being extensively used in the supply chain.

At Occidental Energy Marketing, we are able to leverage our proven logistical expertise coupled with our understanding of the renewable fuel market to help customers supply and manage any of their renewable fuel requirements, whether it be Ethanol for gasoline blending or Bio Diesel/Renewable Diesel to be used in Diesel blends, or Home Heating alternatives. Occidental now has in-house expertise in managing and monetizing renewable credits (both RINs and LCFS) and are happy to work with our customers to assist in the management of any renewable credit positions they may have. Our ultimate goal is to ensure we are able to offer flexible, competitively priced renewable supply solutions for our customers.