Chevron completes acquisition of Renewable Energy Group
Published by Bella Weetch,
Editorial Assistant
Hydrocarbon Engineering,
Chevron Corp. has completed its previously-announced acquisition of Renewable Energy Group, Inc. (REG), 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 utilise today’s fleets and infrastructure.”
Further, Cynthia 'CJ' Warner, formerly President and CEO of REG, has been appointed to Chevron’s Board of Directors.
“CJ Warner has deep experience across both the traditional and renewable energy sectors,” said Chevron Chairman and CEO, Mike Wirth. “Her perspective and guidance will be invaluable as Chevron leverages its strengths to deliver lower carbon energy to a growing world.”
Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/14062022/chevron-completes-acquisition-of-renewable-energy-group/
You might also like
Hydrocarbon Engineering Podcast
Susan Bell, Senior Vice President within Commodity Markets – Oil, Rystad Energy, discusses the impact of trade wars on global oil demand and oil prices, in light of President Trump’s ‘Liberation Day’ tariffs.
INEOS launches new advanced recycled plastic production product
INEOS Olefins & Polymers Europe has launched a new advanced recycled plastic production product at its Lavera site in Southern France.
