Chevron moves towards 2030 renewables fuel goal with REG purchase: CEO

Chevron is moving forward toward its goal of producing 100,000 b/d of renewable fuel production by 2030 with the $3.15 billion purchase of Renewable Energy Group, the largest US supplier of biodiesel, CEO Mike Wirth said Feb. 28. “REG was a founder of the renewable fuels industry and has been a leading innovator ever since,” Wirth said in a statement….

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