Chevron Corporation has completed its previously announced acquisition of Renewable Energy Group, Inc. following approval by REG stockholders. “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, executive vice president of Downstream & Chemicals for Chevron. “Chevron now offers our …
Wisconsin Capital Moving Fleet to B100
The City of Madison, Wisconsin will soon be seeing emissions reductions after 17 fleet vehicles have been converted to operate on 100% biodiesel, thanks to a partnership with Optimus Technologies and Renewable Energy Group. Over the lifecycle of the fuel, biodiesel can reduce greenhouse gas emissions by up to 86% when compared with petroleum diesel. Utilizing Optimus Technologies proprietary Vector …
Chevron Announces Agreement to Acquire REG
Chevron Corporation and Renewable Energy Group, Inc. announced today a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 billion, or $61.50 per share. The acquisition combines REG’s growing renewable fuels production and leading feedstock capabilities with Chevron’s large manufacturing, distribution and commercial marketing position. “REG was a founder of …
REG Makes Strategic European Investments
Renewable Energy Group, Inc. announced a couple of strategic European investments this week. First, REG will install a state-of-the-art pretreatment facility in Germany, enabling the company to refine some of the lowest carbon intensity, hardest to convert waste fats and oils for bio-based diesel production. The project is located on the North Sea harbor of Emden, Germany at the border …
REG and Booster Partner for Sustainable Fuels Delivery
Renewable Energy Group (REG) has announced a partnership with Booster, a tech-enabled energy delivery service, to provide mobile delivery of renewable diesel, biodiesel and blended fuels to fleets. The service started in California in August and has the potential to grow nationally. The Booster / REG collaboration makes low-carbon fuels more accessible to clients, with convenient mobile fueling services provided …
GoodFuels and REG Partner for Marine Biofuels
Marine biofuels provider GoodFuels is teaming up with Renewable Energy Group, Inc. for the supply and development of sustainable marine biofuel solutions for the global shipping industry. With REG’s expertise in biofuels and GoodFuels’ pioneering strengths, both companies are playing an important role in enabling the decarbonization efforts for shipping companies. This announcement reinforces GoodFuels’ mission to become the favored …
REG Breaks Ground on Renewable Diesel Expansion Project
Renewable Energy Group (REG) held a groundbreaking ceremony last week to celebrate the start of construction on the company’s improvement and expansion project at REG Geismar in Louisiana. The project will take total site production capacity from 90 million gallons per year to 340 million gallons per year, and bring more than 60 permanent jobs and up to 500 construction …
Renewable Energy Group Closes Houston Biodiesel Plant
Renewable Energy Group (REG) has announced the closing of its 35 million gallon per year biodiesel production facility located near Houston, Texas. The company acquired and commissioned the plant in 2008 and has been operating it since. “We have made the decision not to renew the lease for our REG Houston biorefinery, which would have imposed an uncompetitive fixed cost …
REG Teams With Manchester United
Manchester United Football Club and Renewable Energy Group, Inc. have teamed up for a shared mission to tackle climate change and create a cleaner world. The Club and Renewable Energy Group will work together to raise awareness of the company’s biofuel products and encourage positive environmental change among Manchester United’s global fanbase and beyond. Manchester United was among the first …
REG and Optimus Partner to Deliver Biodiesel to Fleets
Renewable Energy Group fleet customers in Iowa, Washington, D.C. and Massachusetts are ramping up the use of B100 (100% biodiesel) in their fleets and REG is helping fleets achieve their sustainability goals and reach near-zero emissions through a partnership with Optimus Technologies. With Optimus’ new technology, biodiesel is now able to be utilized as B100, while REG is providing the …