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A Chevron executive promises a bright future for Renewable Energy Group as its renewable fuels headquarters. But says it's too soon to predict job growth.
California-based Chevron, which reported about $21.4 billion in earnings last year, purchased the Renewable Energy Group in 2022 for $3.15 billion. The Ralston plant, which can produce 30 million ...
Renewable Energy Group is a biodiesel production company headquartered in Ames, Iowa. The company operates 12 biorefineries and a feedstock processing facility. [ 4 ] As of 2018 [update] , the company is a Fortune 1000 corporation.
The renewable energy industry creates stable, well-paying jobs for students immediately upon graduation, joining Iowa's clean energy workforce of 5,500, according to American Clean Power.
In 2015, the plant was acquired by Renewable Energy Group, at which point the plant had 39 employees. [3] Later that year, Renewable Energy Group added a new decanter and increased its production to 72.3 million US gallons (274,000 m 3) in 2016. [4]
This transaction was completed on June 4, 2014. REG also bought out Tyson Food's interest in Dynamic Fuels. The Renewable Energy Group was acquired by Chevron on February 28, 2022 and is now known as Chevron Renewable Energy Group.
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