Tesoro Petroleum (TSO) Enters Agreement to Acquire Virent
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Tesoro to Acquire Renewable Technology Company
September 6, 2016 4:31 PM EDTSAN ANTONIO, Texas, September 6, 2016 - Tesoro Corporation (NYSE: TSO) has agreed to acquire Virent, Inc. ("Virent"), an innovative renewable fuels and chemicals company, to support Virent's success in bringing biofuels technology to commercial scale.
Tesoro's renewable fuels strategy is to foster the development of high-quality, lower-carbon, renewable feedstocks and blendstocks that can either be co-processed in existing refineries or blended seamlessly with traditional fuels. Tesoro believes it is important to commercialize new technologies that meet stakeholder expectations and regulatory requirements by producing renewable fuels that do not... More
