(466d) A Refiner's Perspective on the Future of Biofuels

Biofuels are hot. Ethanol plant IPO's, E85, 30x30, 25x25. Many companies, including integrated oil companies are entering the renewable fuels area. What does all the press and hype mean?

Scott Mason of ConocoPhillips will speak about the pros and cons of various biofuels options. Scott works in Alternative Energy and Programs in the biofuels area. He will look at market sizes, production costs, and implementation strategies for several options available to a fuel supplier.

ConocoPhillips is an international, integrated energy company. It is the third-largest integrated energy company in the United States, based on market capitalization, oil and gas proved reserves and production; and the second-largest refiner in the United States. Worldwide, of non-government controlled companies, ConocoPhillips has the fifth-largest total of proved reserves; and based on crude oil capacity, is the fourth-largest refiner.

ConocoPhillips owns 12 U.S. refineries, owns or has an interest in six European refineries and has an interest in one refinery in Malaysia. At year-end 2005, ConocoPhillips refineries had a combined net crude oil refining capacity of 2.61 million barrels of oil per day.