Oil and fuel producers are touting the benefits of refining crude oil, but the benefits they’re touting are not from the chemical synthesis of natural materials.
Instead, they’re saying they’ll benefit from the new oil being refined in the refinery.
The synthetic oil industry is trying to position itself as a “bridge fuel” to replace gasoline, which is becoming increasingly expensive.
That strategy has led to a proliferation of alternative fuels, which are typically petroleum-based.
But refining crude has the added benefit of using oil in much higher quantities than refining natural gas or oil from natural gas, which can’t be refined.
“We are going to make a big leap forward and I believe we’re going to be able to meet our energy needs in a very sustainable way,” said Dr. Jeffrey Pfeffer, CEO of refinery company, Ener1 Oil & Gas.
“It’s going to create an enormous amount of jobs, and I think we’re doing the right thing.”
The refinery will be built by a consortium of companies including Exxon Mobil Corp. and the U.S. refining giant, Cargill Inc.
Ener1 is the largest publicly traded refinery company in the United States.
It’s owned by Ener, a subsidiary of the Koch brothers’ oil conglomerate.
The refinery has about 4 million barrels of crude oil per day and produces a blend of conventional and synthetic oils.
The refinery has already received a $100 million loan from the U,S.
Department of Energy, and will receive another $150 million through the next fiscal year.
It also expects to receive another loan for $250 million, which it expects to pay back in the next five years.
The company expects to hire 5,000 people to work at the refinery, and to invest $5 billion in capital equipment and facilities.
In the past, the refinery was the largest refinery in the U., but now it will only produce a fraction of what it used to.
That’s because it’s been upgrading its refinery capacity to make up for the loss of refining capacity.
The company also has been testing and refining natural and synthetic oil.
The refining process can take days, even weeks, to complete.
The goal is to get the refinery up and running by the end of 2021.