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Chevron to acquire Renewable Energy Group in $3.15B cash deal to boost renewable fuels position

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Chevron Corporation and Renewable Energy Group announced a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 REG was a founder of the renewable fuels industry and has been a leading innovator ever since. billion, or $61.50

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Chevron completes acquisition of Renewable Energy Group

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Chevron Corporation completed its previously announced acquisition of Renewable Energy Group (REG) following approval by REG stockholders. The new Chevron segment will be called Chevron Renewable Energy Group. —Mark Nelson, executive vice president of Downstream & Chemicals for Chevron.

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Chevron to acquire full ownership of Beyond6 CNG fueling network

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Chevron U.S.A. a subsidiary of Chevron Corporation, signed a definitive agreement to acquire full ownership of Beyond6, LLC (B6) and its network of 55 compressed natural gas (CNG) stations across the United States from Chevron’s current B6 co-owners, a subsidiary of Mercuria Energy Trading (Mercuria) and B6 CEO Andrew West.

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Chevron New Energies, Crowley invest in marine hydrogen tech company Zero Emission Industries

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The round is led by Chevron New Energies with additional investment from US-based shipping and logistics company Crowley. The investments from Chevron and Crowley create an integrated value chain from hydrogen production to power systems to vessels.

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Renewable fuels company Raven SR announces $20M strategic investment from Chevron, ITOCHU, Hyzon Motors and Ascent Hydrogen Fund

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a waste-to-fuels company, closed a $20-million strategic investment from Chevron USA, ITOCHU, Hyzon Motors and Ascent Hydrogen Fund. Raven SR plans to build modular waste-to-green hydrogen production units and renewable synthetic fuel facilities initially in California and then worldwide. Raven SR Inc., Earlier post.).

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Chevron partners with Clean Energy On Adopt-A-Port initiative to supply renewable natural gas for port trucks

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Chevron is partnering with California natural gas retailer Clean Energy Fuels Corp. on Adopt-a-Port, an initiative that provides truck operators serving the ports of Los Angeles and Long Beach with cleaner, carbon-negative renewable natural gas (RNG) to reduce emissions.

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Chevron and Cummins announce strategic collaboration on hydrogen

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Chevron USA, through its Chevron Products Company division, and Cummins announced a memorandum of understanding (MOU) to explore a strategic alliance to develop commercially viable business opportunities in hydrogen and other alternative energy sources. —Andy Walz, president of Chevron’s Americas Fuels & Lubricants.

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