9. February 2022 Meghan Sapp

ExxonMobil invests $125M in Global Clean Energy Holdings for up to 25% stake

In California, Global Clean Energy Holdings, Inc. is advancing its renewable diesel production through an agreement with ExxonMobil, which will invest $125 million with an option to acquire up to a 25% equity stake in the company. The investment, outlined in filings with the U.S. Securities and Exchange Commission, will help Global Clean Energy grow its proprietary camelina business in key farming regions in the United States and accelerate expansion into Europe and South America.