- In December 2022, Royal Dutch Shell plc expanded its portfolio by acquiring a 49% stake in Blue Tide Environmental LLC through its Pennzoil-Quaker State subsidiary. Blue Tide Environmental LLC aims to establish a global network of facilities for recycling lubricants
- In February 2022, Chevron announced a strategic initiative with Bunge to form a joint venture worth USD 600 million. This partnership is focused on enhancing the processing of soybean oil to support Chevron's operations. The collaboration targets doubling daily production to 14,000 tons by the end of 2024, producing refined oil as a sustainable feedstock. This initiative aligns with Chevron's strategy to produce low-carbon diesel and jet fuel
