Chevron (NYSE:CVX) said Monday it started a road trip across the U.S. Gulf Coast to showcase what it says is an innovative new gasoline blend with more than 50% renewable content that eventually will offer emissions savings similar to electric vehicles.

The company said team members will drive Toyota's Tundra, RAV4 and Camry on the road trip with the objective of demonstrating the fuel, which it says is more than 40% less carbon intensive than traditional gasoline on a lifecycle basis.

"Multiple solutions are needed to help lower the carbon intensity of the transportation sector," Chevron executive Andy Walz said. "Renewable gasoline blends could empower virtually all drivers to have a role in a lower carbon transportation future" without having to buy a new car.

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