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| Name | Symbol | Market | Type |
|---|---|---|---|
| Clariant Ag (PK) | USOTC:CLZNY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.78 | -6.20% | 11.80 | 11.50 | 12.77 | 11.80 | 11.63 | 11.75 | 1,702 | 21:03:24 |
From Dec 2019 to Dec 2024
By Alberto Delclaux
Exxon Mobil Corp. (XOM) and Renewable Energy Group Inc. (REGI) have signed an agreement with Swiss company Clariant AG (CLN.EB) to research the use of cellulosic sugars to produce biofuel, the U.S. oil major said on Wednesday.
Exxon Mobil and REG have already worked on developing technology to convert sugars from cellulosic biomass into biodiesel in a single step, and the new agreement aims to combine that process with Clariant's sunliquid process to develop a "seamless" biomass-to-biodiesel technology, Exxon said.
"Applying Clariant's expertise and knowledge will help us better understand and advance a key stage in the overall cellulosic conversion process, and hopefully lead to the development of scalable biodiesel technology," said Vijay Swarup, vice president of research and development at ExxonMobil Research & Engineering Co.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
January 23, 2019 01:59 ET (06:59 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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