据烃加工网站2月28日报道 雪佛龙正以31.5亿美元收购生物柴油制造商可再生能源集团,这是该公司迄今为止在替代燃料方面的最大押注。
这家美国第二大石油天然气生产商周一表示,将以现金支付可再生能源每股61.5美元,较该公司周五收盘价溢价逾40%。可再生能源股票在上市前交易中上涨了37%以上。
鉴于大型石油公司对全球排放的巨大贡献,它们正面临着来自政府和投资者的越来越大的压力,要求它们减少碳足迹,并参与应对气候变化的斗争。
许多美国炼油厂一直在增加可再生柴油的生产,以利用州和联邦政府增加的补贴来对燃料进行脱碳。
雪佛龙设定了到2050年将运营排放量降至零的目标,并于9月承诺投资100亿美元,到2028年减少碳排放,其中约30亿美元用于可再生燃料。
爱荷华州艾姆斯的可再生能源集团生产生物柴油和可再生柴油。
生物燃料由农业废弃物和专门作为燃料原料种植的传统粮食作物所制成。
虽然生物柴油和可再生柴油使用类似的原料,但可再生柴油经过单独的精炼过程,使其化学成分与超低硫柴油相同。
该公司表示,正在寻找在某些市场将生物柴油混合到可再生柴油中的机会。
下游和化工部执行副总裁马克·纳尔逊表示:“大多数人认为(生物柴油)在美国和东南亚正在增长……并将其视为获得最佳利润的混合原料,因为它比可再生柴油便宜。”
美国能源信息管理局估计,到2024年,美国的可再生柴油产能可能会增加五倍,从目前的1亿桶增加到5亿桶以上。
该公司在一份声明中表示,该协议预计将加速实现雪佛龙的目标,即到2030年将可再生燃料产能提高至10万桶/日,并带来更多原料供应和预处理设施。
雪佛龙首席执行官迈克·沃思向路透社表示,雪佛龙不会立即就其可再生能源业务发布单独的财务报告。
该交易预计将于今年下半年完成,并可能增加雪佛龙第一年的收益,以及可再生能源集团在路易斯安那州的Geismar扩张启动后的自由现金流。
高盛是雪佛龙的财务顾问,古根海姆证券为可再生能源的交易顾问。
王磊 摘译自 烃加工
原文如下:
Chevron to buy Renewable Energy Group for $3 B
Chevron is buying biodiesel maker Renewable Energy Group Inc for $3.15 B, in its biggest bet so far on alternative fuels.
The second-biggest U.S. oil and gas producer said on Monday it would pay $61.5 in cash for each share of Renewable Energy, a premium of over 40% to the company's Friday close. Renewable Energy shares rose more than 37% in premarket trading.
Major oil firms are facing increasing pressure from governments and investors to shrink their carbon footprint and join the fight against climate change, given their large contributions to global emissions.
Many U.S. refiners have been ramping up production of renewable diesel to take advantage of increased state and federal subsidies to decarbonize their fuels.
Chevron has set a target to cut operational emissions to net zero by 2050 and in September pledged to invest $10 B to reduce its carbon emissions through 2028, with about $3 B earmarked for renewable fuels.
Ames, Iowa-based Renewable Energy Group produces both biodiesel and renewable diesel.
Biofuels are made from agricultural waste and traditional food crops grown specifically as fuel feedstock.
While biodiesel and renewable diesel use similar feedstocks, renewable diesel undergoes a separate refining process to make it chemically identical to ultra-low-sulfur diesel.
The company has said it is eyeing opportunities to blend biodiesel into renewable diesel in certain markets.
"Most people see (biodiesel) as growing in the U.S. and Southeast Asia ... and view it as a blendstock to get optimum margin because it's less expensive than renewable diesel," said Mark Nelson, Executive Vice President of Downstream and Chemicals.
The Energy Information Administration estimates renewable diesel production capacity in the U.S. may increase fivefold by 2024 from 1 Bgpy currently to more than 5 Bgpy.
The deal is expected to accelerate progress toward Chevron's goal to grow renewable fuels production capacity to 100,000 bpd by 2030 and brings additional feedstock supplies and pre-treatment facilities, the company said in a statement.
Chevron will not immediately be breaking out separate financials for its renewable business, Chevron Chief Executive Mike Wirth told Reuters.
The transaction is estimated to close in the second half of the year and is likely to add to Chevron's earnings in the first year and to its free cash flow after the start-up of Renewable Energy Group's Geismar expansion in Louisiana.
Goldman Sachs & Co was Chevron's financial adviser, while Guggenheim Securities advised Renewable Energy on the deal.
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