In the United States (US), Chevron Corporation (Chevron), one of the world’s largest integrated energy companies has completed the previously announced acquisition of Renewable Energy Group, Inc. (REG), a global producer and supplier of renewable fuels following approval by REG shareholders.
An error occurred
On your profile you can see what subscriptions you have access to and more information.
Is some of the information wrong – please contact our customer service.
Please reload the page
Do you want to read the whole article?
- Six editions per year
- Full access to all digital content
- The E-magazine Bioenergy international
- And more ...
In March this year, the companies announced reaching a definitive agreement. The acquisition combines REG’s growing renewable fuels production and leading feedstock capabilities with Chevron’s large manufacturing, distribution, and commercial marketing position.
We have brought together companies with complementary capabilities, assets, and customer relationships to make Chevron one of the leading renewable fuels companies in the United States, said Mark Nelson, EVP of Downstream & Chemicals for Chevron.
Chevron now offers our customers an expanded suite of cost-effective, lower carbon solutions that utilize today’s fleets and infrastructure, Mark Nelson said.
Further, Cynthia “CJ” Warner, formerly President and CEO of REG, has been appointed to Chevron’s Board of Directors, effective June 13, 2022.
CJ Warner has deep experience across both the traditional and renewable energy sectors. Her perspective and guidance will be invaluable as Chevron leverages its strengths to deliver lower carbon energy to a growing world, said Chevron Chairman and CEO Mike Wirth.
