The Odessa Development Corporation and Nacero Inc have announced plans to build a $6.5 billion to $7 billion lower carbon gasoline manufacturing facility at a site in Penwell, Texas. The Odessa Development Corporation and Nacero Inc have announced plans to build a $6.5 billion to $7 billion lower carbon gasoline manufacturing facility at a site in Penwell, Texas. The facility will be built in two phases, with phase one producing 70,000 barrels per day of gasoline component ready for blending and phase two increasing that capacity to 100,000 barrels per day, a statement posted on Nacero’s website revealed. The gasoline produced at the facility will contain no sulfur and will have half the lifecycle carbon footprint of traditional gasoline, according to the company, which said the gasoline will be made from a combination of natural gas, captured bio-methane, and mitigated flare gas. Construction of the Penwell facility, which is […]