Chevron to acquire biofuels company REG
Date
March 08, 2022
Type
M&A Transactions
Subtype
Transaction agreement announced
Countries
(USA) United States of America
Subsectors
Biofuel
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Chevron has agreed to buy Renewable Energy Group, a biodiesel producer based in the United States, for US$3.15 billion in cash.
REG has 11 renewable fuels facilities in the United States and Europe that produce 34,000 b/d of biodiesel and renewable diesel. The firm is now planning to expand its flagship 6,000 b/d renewable diesel plant in Geismar, Louisiana, to 22,000 b/d by 2024.
