Chevron Energy Solutions to Prepare Proposal to Develop High-Efficiency Ethanol Plants for Ethanex Energy

12-Oct-2006

Chevron Energy Solutions (CES), a Chevron Corporation subsidiary that develops energy efficiency and alternative energy projects, announced that it will conduct preliminary work to prepare a proposal for the development of highly efficient ethanol production plants for Ethanex Energy, Inc., a renewable energy company engaged in low-cost ethanol production.

Under an agreement with Ethanex, CES will perform engineering, geotechnical studies, site and civil design work in order to prepare a detailed proposal for developing and building ethanol plants that use advanced technology to maximize the plants' efficiency. The proposal will include details necessary for CES to negotiate contracts to engineer, procure and construct for Ethanex at least three biofuel plants by 2008. The plants, to be located in Missouri, Illinois and Kansas, will each produce about 132 million gallons of fuel-grade ethanol annually.

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