In South Dakota, Chevron Corporation completed its previously announced acquisition of Renewable Energy Group, Inc. following approval by REG stockholders. As part of the acquisition, Chevron Renewable Energy Group will be headquartered in Ames, Iowa.
The team will focus on growing Chevron’s portfolio of lower carbon fuels and feedstocks.
As one company, they are combining REG’s growing renewable fuels production and world class feedstock aggregation capabilities with Chevron’s large distribution and commercial marketing position. Together, they will harness their complementary cultures and proven track record of developing innovative technologies to grow their renewable fuels production capacity to 100,000 barrels per day by 2030.
