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Guest Blog: Chevron Accelerates it’s Activities in the Bio-based Diesel Market with Acquisition of Renewable Energy Group

    The Diesel Technology Forum is pleased to share this guest blog about the latest in the renewable fuels space by Chevron Renewable Energy Group's SVP of Business Development Natalie Merrill.

    Natalie Merrill Natalie Merrill, Senior Vice President of Business Development at Chevron Renewable Energy Group, has been a part of the company’s growth since 2007. Natalie’s responsibilities include strategy, business development activities, relationship and project development, strategic partnerships, mergers, acquisitions and divestments.

    Chevron Renewable Energy Group expanded last year with the acquisition of two California-based fuel distribution companies. We have also progressed in the expansion at the Geismar, LA renewable diesel biorefinery and the lower carbon feedstock expansion project in Emden, Germany. The biggest change occurred in June 2022 as Renewable Energy Group was acquired by Chevron. Through this evolution, Chevron Renewable Energy Group continues to advance the future of the biofuels industry.

    Biofuels, like biodiesel and renewable diesel, will continue to play an important role in the energy transition. The last several years have shown significant opportunities from both public and private entities committing to net zero emission goals. As of June 2022, 29 states in the U.S. have released climate action plans. As we move into 2023, the momentum continues to build around a lower carbon future.

    Image Courtesy: Chevron Renewable Energy GroupBased on goals to lower carbon emissions, our railroad customers, including Union Pacific and Canadian National, are increasing renewable fuels use in their locomotives. We also have seen an increase of cities utilizing biodiesel in their fleets. The cities of Ames, Iowa; Madison, Wisconsin; Washington, DC and others have adopted biodiesel as a lower carbon solution in city fleet vehicles and other equipment. We will continue reduce emissions by partnering with more companies in the transportation sector in 2023 and beyond.

    We believe the future is lower carbon, and every mode of transportation is looking for ways in which they can do their part to participate in the energy transition.