With forecasters predicting that the world's energy demand could increase as much as 50 percent in the next 30 years, the world will need all the energy that can be produced from every potential source.
To meet that kind of demand, the world will need to produce every molecule of energy, from every available source. And while oil, natural gas and coal are expected to provide over 80 percent of the world's energy for the near future, next-generation renewables, such as biofuels, solar and wind power may play a key role in meeting the world's energy needs.
Chevron formed research partnerships with many academic institutions to pursue renewable energy technology, including biofuels from non-food sources. Chevron also is partnering with Weyerhaeuser, the forest products company, on a technology to commercialize biofuels from wood fiber and other waste products.