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 customers an expanded suite of cost-effective, lower carbon solutions that utilize today’s fleets and infrastructure.”

Cynthia “CJ” Warner, former president and CEO of REG, has been appointed to Chevron’s Board of Directors with the completion of the acquisition.

Clean Fuels Alliance America CEO Donnell Rehagen welcomed news of the acquisition and noted that Chad Stone of REG will continue to lead the Clean Fuels Governing Board as chair.

“This is a meaningful acquisition for our industry and for Clean Fuels for many reasons,” said Rehagen, who noted that Iowa-based REG has been an association member since 2006. “REG has been a leader in our industry from its inception, being one of the very first companies to build a biodiesel plant in the United States. This leadership in renewable fuels, coupled with the history and strength in the energy sector Chevron brings, will continue to build on the momentum our industry is experiencing as the country continues on its path of carbon reduction through cleaner fuels.”

With 11 biorefineries in the U.S. and Europe and more than half a billion gallons of production of biodiesel and renewable diesel, REG is also one of Clean Fuels’ largest members in terms of fuel production.

REG will remain headquartered in Ames, Iowa, and the team will focus on growing Chevron’s portfolio of lower carbon fuels and feedstocks. The combined company is committed to harnessing complementary cultures and proven track records of developing innovative technologies to grow its renewable fuels production capacity to 100,000 barrels per day by 2030.