Chevron Renewable Energy Group Supports Ongoing Growth With Expanded Office Space in Ames

On Thursday, April 14, Chevron Renewable Energy Group celebrated the opening of their newest office space with a ribbon cutting ceremony that included local leaders and members of the Ames Chamber of Commerce.

AMES, Iowa, April 15, 2022 – Chevron Renewable Energy Group hosted a ribbon cutting on April 14 to celebrate the opening of the company's newest office building in Ames. This ribbon cutting marks the third office Chevron Renewable Energy Group has opened since moving its headquarters to Ames in 2007.

The new office space provides 15,000 square feet that includes 60 desks, six offices and 12 meeting rooms. The building is located at 300 S. Bell Avenue, just north of the main site and a block from Chevron Renewable Energy Group's third office. This proximity makes it easy for employees to travel from one location to the next, supporting high levels of collaboration.

"This is a terrific time for Chevron Renewable Energy Group as we continue to see greater demand for bio-based diesel across the world. In turn, we continue to grow our operations in order to meet that demand increase, expanding our ability to foster greater levels of decarbonization," said Cynthia (CJ) Warner,  President & CEO. "We have seen significant growth of our team over the course of the last several years, and we are looking forward to having this new office space to accommodate our growth, both now and in the future."

Chevron Renewable Energy Group has a rich history in Ames dating back to the Company's move in 2007. Since that time, the Company's global headcount has grown by over 1,000 employees and has continued to develop strong ties with the community and Iowa State University.

"Chevron Renewable Energy Group continues to be a model corporate citizen here in the Ames region and this investment underscores their commitment to their people and the community," said Dan Culhane, President and CEO of the Ames Chamber of Commerce. "The Ames Chamber of Commerce never takes for granted that companies have choices on where they spend their resources. We are elated that Chevron Renewable Energy Group continues to invest in their headquarters location here in Ames."

Chevron Renewable Energy Group has nearly 350 employees located in Ames, working between the three spaces. Learn more about Chevron Renewable Energy Group at regi.com and for information on career opportunities, visit regi.com/careers

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About Chevron Renewable Energy Group

Chevron Renewable Energy Group is leading the energy and transportation industries' transition to sustainability by converting renewable resources into high-quality, sustainable fuels. Chevron Renewable Energy Group is an international producer of sustainable fuels that significantly lower greenhouse gas emissions to immediately reduce carbon impact. 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, Chevron Renewable Energy Group produced 480 million gallons delivering 4.1 million metric tons of carbon reduction. Chevron Renewable Energy Group is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.

Note Regarding Forward Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding Chevron Renewable Energy Group's strategic growth plans, activities to support the adoption of renewable fuels, and customer demand for low carbon fuels. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, risks and uncertainties described in Chevron Renewable Energy Group's annual report on Form 10-K for the year ended December 31, 2021 and subsequently filed Form 10-Q and other periodic filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release and Chevron Renewable Energy Group does not undertake to update any forward-looking statements based on new developments or changes in our expectations.