Future uncertain for Global Clean Energy Holdings delayed refinery conversion

In California, the Bakersfield Californian newspaper reports that although Global Clean Energy Holdings’ refinery conversion into renewable diesel should begin the start-up phase this month, there are doubts that the project that is a year behind and hundreds of millions of dollars over budget can make it to commissioning. The company has to restructure senior debt by the end of the month, Chevron has pulled out of its offtake agreement even if the company is challenging the withdrawal, and there are disputes over the EPC firms bills.