BioAccelergy Ventures to jointly develop bio-based stock for lubricants with ExxonMobil

In Texas, BioAccelergy Ventures has signed a joint-development agreement with ExxonMobil Research and Engineering Company (ExxonMobil) to progress development of a new bio-base stock for lubricants manufacturing from seed and vegetable oil. The multi-year agreement aims to demonstrate the feasibility of producing bio-base stocks at a cost-effective commercial scale to reduce greenhouse gas emissions.

BioAccelergy will provide its expertise in bio-based feed supply, genetic research and advanced catalytic process development. ExxonMobil will leverage its industry-leading knowledge in project management, engineering, manufacturing and marketing base stocks.