Chevron Renewable Energy Group is supporting the energy and transportation industries' transition to a lower carbon intensity future.
We are an international producer of lower carbon fuel solutions produced by converting renewable resources into high-quality liquid fuels that can not only allow for carbon emissions reductions, but they can also help boost bottom lines and create economic advantages for residents in the areas we serve.
Chevron Renewable Energy Group utilizes a global integrated procurement, distribution and logistics network to operate 11 biorefineries in the U.S. and Europe. In 2021, Renewable Energy Group produced 480 million gallons delivering 4.1 million metric tons of carbon reduction. Renewable Energy Group is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
Growing Our Company and the Biodiesel Industry
The roots of Chevron Renewable Energy Group go back more than two decades to when we operated under the umbrella of West Central Cooperative in Ralston, Iowa. Our history parallels that of the biodiesel industry as a whole: When we made our first batch of biodiesel in 1996, the industry was still in its early stages, a niche market with a potential few foresaw. While our leaders grew the company carefully and consistently by finding opportunity within challenges, they also advocated for the biodiesel industry as a whole, often working with competitors for the greater good. Today, Chevron Renewable Energy Group is one of the largest biodiesel producers by volume in the United States — as well as a producer and supplier of many other products — and continues to contribute resources and leadership to biofuel advocacy groups worldwide.
To learn how an idea born of necessity in rural Iowa traveled a sometimes-rocky road on its way to becoming one of the leading producers of biodiesel in the U.S., read an online version of our company history book, "Enabling a Cleaner World: The History of Chevron Renewable Energy Group, 1995-2015."
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A Look Back at How We Got Here
Chevron Renewable Energy Group can trace its roots back more than two decades, when we operated under the umbrella of West Central Cooperative in Iowa. We grew along with the fledgling biodiesel industry, and in August 2006, Chevron Renewable Energy Group, Inc., was formed as an independent corporation. Now we're one of North America's largest producer of biodiesel and a global company.
- First methyl ester plant built in Ralston, Iowa, as a way to add value to co-op members' grain.
- West Central begins marketing SoyPOWER brand premium biodiesel fuel.
- West Central opens one of the world's largest continuous flow processing plants for processing soybean oil into biodiesel fuel in Ralston.
- West Central launches Renewable Energy Group, LLC.
- In cooperation with Iowa State University, West Central receives a $1.19 million grant from the U.S. Department of Agriculture to study and develop new technologies for the production of methyl esters.
- Forms Renewable Energy Group, Inc.
- REG raises $100 million private equity — at the time the largest investment in the biodiesel industry.
- Introduces REG-9000 Biodiesel brand and quality specifications.
- Acquires biorefineries in Danville and Seneca, Illinois; Newton, Iowa; and Clovis, New Mexico.
- Acquires Tellurian Biodiesel and American BDF.
- REG goes public and begins trading on NASDAQ.
- Reaches $1 billion in annual revenue for the first time.
- Acquires biorefineries in New Boston, Texas, and Atlanta.
- Sells 1 billionth gallon of biomass-based diesel.
- Acquires majority stake in German biodiesel producer Petrotec AG.
- Acquires renewable diesel production facility in Geismar, Louisiana.
- Acquires renewable chemical technology developer LS9 along with its demonstration production facility in Okeechobee, Florida — creating REG Life Sciences, LLC.
- Reaches $2 billion in annual revenue for the first time.
- Acquires biorefinery in DeForest, Wisconsin.
- Delivers first commercial product, a specialty fatty acid, from REG Life Sciences.
- Sells 2 billionth gallon of biomass-based diesel.
- Acquires full ownership of Petrotec AG, which includes two biorefineries and a feedstock collection and processing facility.
- Cynthia (CJ) Warner becomes President and Chief Executive Officer
- Releases first ESG report
Moving Fuel Forward in the 21st Century
A lot has changed in the 25-plus years of our company's history, but the pioneering spirit of Chevron Renewable Energy Group has remained the same. By taking the long view, investing in the future of our company and industry, taking calculated risks, and continuously improving everything from refining processes to logistics to research and development, Chevron Renewable Energy Group has become the driving force to move fuel forward to a lower carbon future.