Chevron funds UC-Davis biofuel research

Chevron Corp. will fund up to $25 million in research over the next five years at UC-Davis to develop renewable fuels from plant waste.

Chevron Technology Ventures, a subsidiary of San Ramon-based Chevron (NYSE: CVX), will support a broad range of projects focusing on converting renewable feedstocks available in California into transportation fuel.

“This will fit into a niche of energy research on biofuels and bioenergy that will enable us to enhance our programs,” said Barry Klein, vice chancellor for research at UC-Davis. “We hope to make an impact on generating new sources of biofuels.”

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