SAN RAMON, Calif. -- Chevron Energy Solutions, a Chevron Corporation subsidiary that develops energy efficiency and alternative energy projects, will conduct preliminary work to prepare a proposal for the development of highly efficient ethanol production plants for Ethanex Energy, Inc.

Under an agreement with Ethanex, CES will perform engineering, geotechnical studies, site and civil design work in order to prepare a detailed proposal for developing and building ethanol plants that use advanced technology to maximize the plants' efficiency. The proposal will include details necessary for CES to negotiate contracts to engineer, procure and construct for Ethanex at least three biofuel plants by 2008.

The plants, to be located in Missouri, Illinois and Kansas, will each produce about 132 million gallons of fuel-grade ethanol annually.

In moving ahead with this work, CES has determined that its experience in planning, project managing and constructing energy-efficient facilities is well-suited for building energy-efficient ethanol plants. In addition, this work is consistent with Chevron's support of biofuels development in its efforts to help expand and diversify the world's energy supply.

Chevron is investing across the energy spectrum to develop energy sources for future generations by expanding the capabilities of today's alternative and renewable energy technologies. Since 2000, Chevron Corporation, through its various subsidiaries, has spent more than $1.5 billion on renewable energy projects and on delivering energy efficiency solutions.

Focus areas include geothermal, hydrogen, biofuels and advanced batteries as well as wind and solar technologies. Chevron is the largest renewable energy producer among global oil and gas companies, producing 1,152 megawatts of renewable energy primarily from geothermal operations.

Chevron Energy Solutions partners with institutions and businesses to improve facilities, increase efficiency, reduce energy consumption and costs, and ensure reliable, high-quality energy for critical operations. Chevron employs proven technologies to meet customers' specific needs, including infrastructure technologies, energy controls, solar photovoltaics, fuel cells, biomass and other systems.

Chevron is one of the world's leading energy companies. With more than 53,000 employees, Chevron subsidiaries conduct business in approximately 180 countries around the world, producing and transporting crude oil and natural gas, and refining, marketing, and distributing fuels and other energy products. Chevron is based in San Ramon, Calif.

Ethanex Energy Inc. is a renewable energy company focusing on geographic areas that allow access to abundant supplies of corn, alternative energy sources, transportation infrastructure and the potential for expedited permitting.

SOURCE: Chevron Corporation via PR Newswire.