What Renewable Energy Group does

Renewable Energy Group, operating since 2022 as a wholly-owned subsidiary of Chevron Corporation under the Chevron Renewable Fuels brand, is North America's largest biodiesel producer. Founded in 2006 and headquartered in Ames, Iowa, the company produces and distributes biodiesel, renewable diesel, sustainable aviation fuel (SAF), renewable naphtha, renewable propane, Bioheat blended heating fuel, glycerin, and alternative fuels including compressed natural gas (CNG), renewable natural gas (RNG), and hydrogen. It operates nine biorefineries (eight biodiesel and one renewable diesel) with combined 2023 production of 408 million gallons, processing 15 feedstock types including used cooking oil, animal fats, vegetable oils (canola, soybean, corn), and beef tallow.

Core technology centers on three production processes: transesterification (biodiesel), hydrogenation with advanced isomerization (renewable diesel — producing a fungible ASTM D975 fuel with a consistent -10°C cloud point), and distillation purification (yielding Ultra Biodiesel with superior cold-flow properties). A multi-feedstock processing capability enables facility-by-feedstock ratio optimization. Quality systems are anchored by BQ-9000 and ASTM D6751/D975 certifications.

The business sells lower-carbon drop-in fuels to fleet operators in trucking, rail, marine, mining, construction, agriculture, and government, plus heating-oil distributors and industrial customers, primarily across North America. Revenue is generated through direct enterprise sales (fixed-price and indexed multi-year contracts) and channel distribution via fuel wholesalers, petroleum distributors, travel centers (e.g., Sapp Bros., 17 sites), and convenience stores (e.g., Kum & Go, 400+ stores). GTM motion combines a sales-led direct force supported by technical biofuels scientists and policy specialists, with an extensive content-marketing and channel-partner overlay. Customer retention is driven by emissions-reduction outcomes (up to 86% lifecycle GHG reduction with B100) and the drop-in compatibility that eliminates engine or infrastructure upgrades. Vertical integration includes feedstock procurement (notably the 314M-lb 2023 UCO conversion via the Restaurant Technologies/Sheetz partnership) and the Terviva pongamia investment.

Name

Renewable Energy Group

Legal name

Chevron Corporation

Website

https://regi.com

Company type

Private

Founded year

2006

Operating status

Acquired

Headcount range

1,001–5,000 employees

Short description

Renewable Energy Group, now operating as Chevron Renewable Fuels, produces biodiesel, renewable diesel, and sustainable aviation fuel from 15+ feedstocks at nine U.S. biorefineries, serving transportation, marine, rail, mining, and industrial fleet customers seeking lower-carbon drop-in fuel solutions.

Ownership category

akta.pro rank

Product category

Renewable Fuels (Biodiesel and Renewable Diesel)

NAICS

Petroleum Refineries (32411), Petroleum and Coal Products Manufacturing (324), Petrochemical Manufacturing (32511)

SIC

Petroleum Refining (2911), Miscellaneous Products Of Petroleum & Coal (2990)

akta.pro primary industry

Renewable Diesel (HVO/HEFA) Production (EUAAAHAD)

akta.pro secondary industries

Biofuel Upgrading, Hydrotreating & Refining (Co-processing, Isomerization) (EUAAAHAG), Biofuel Distribution & Fuel Marketing (Wholesale/Retail) (EUAAAHAI), Biofuels & Renewable Fuels Switching (Biomethane/RNG, Bio-oils, Sustainable Biomass) (EUABAJAD)

Keywords

• Biodiesel production
• Renewable diesel manufacturing
• Sustainable aviation fuel
• Biofuel blending services
• Lower carbon fuels

Headquarters

HQ city

Ames

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Biodiesel Sales: Production and sale of biodiesel in various blend levels (B5, B20, B100) to fleet operators, distributors, and retail customers through direct sales and channel partners.
2. Renewable Diesel Sales: Production and sale of renewable diesel meeting ASTM D975 specification, sold to transportation fleets, marine operators, and industrial customers seeking lower carbon intensity fuels.
3. Renewable Fuel Blends: Sale of blended products including Renewable Diesel/Biodiesel blends (e.g., 80% RD/20% BD) offering combined benefits of both fuels with superior cold weather performance and emissions reductions.
4. Fuel Delivery Services: Local fuel delivery in Iowa and surrounding areas, delivering diesel, gasoline, ethanol blends, biodiesel, and additives to trucking companies, municipalities, convenience stores, and farms.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels9 records

Core offering

Renewable Energy Group (now Chevron Renewable Fuels) produces and supplies lower-carbon renewable fuel solutions, including biodiesel (B5–B100 blends and Ultra Biodiesel), renewable diesel meeting ASTM D975, renewable diesel/biodiesel blends, and sustainable aviation fuel, manufactured from 15 different feedstocks (used cooking oil, animal fats, vegetable oils, and agricultural residues) at nine biorefineries. The company also offers blended fuels, heating oil and Bioheat blends, renewable naphtha, renewable propane, glycerin, methyl esters, and bio-residual oil, and distributes alternative fuels including CNG, renewable natural gas (RNG), and hydrogen through direct sales, terminals, bulk plants, and channel partners across North America.

Product overview

Chevron Renewable Energy Group (formerly Renewable Energy Group) operates as a diversified renewable fuels company offering a comprehensive portfolio of lower carbon intensity fuel solutions. The company produces and supplies a full suite of products including biodiesel (B100, B20, B5 blends), renewable diesel, renewable diesel/biodiesel blends, sustainable aviation fuel, renewable naphtha, renewable propane, and traditional petroleum fuels. The portfolio includes nine biorefineries (eight traditional and one renewable diesel facility) producing fuels from 15 different feedstock types including used cooking oil, animal fats, vegetable oils, and agricultural residues. The company also offers alternative fuels including compressed natural gas (CNG), renewable natural gas (RNG), and hydrogen, positioning itself as an integrated lower carbon fuel partner for transportation, heating, and industrial applications.

Differentiator

Problem solved

Functional benefit

Brands

• EnDura Fuels: A branded renewable fuel product line under Chevron's renewable fuels portfolio.

Products and services

• Biodiesel A renewable fuel made from plant-based oils, animal fats, and recycled cooking oil that serves as a drop-in replacement for petroleum diesel, reducing lifecycle carbon emissions while maintaining engine compatibility.
• Ultra Biodiesel A high-quality biodiesel variant with enhanced specifications designed for superior engine performance and cold weather operability.
• Renewable Diesel A renewable fuel produced from the same feedstocks as biodiesel via a hydrogenation process, meeting ASTM D975 specification and offering up to 85% less sulfur than ultra-low sulfur diesel.
• Renewable Diesel/Biodiesel Blend An 80/20 blend of renewable diesel and biodiesel offering superior cold weather performance, enhanced lubricity, and reduced emissions compared to either fuel used alone.
• Sustainable Aviation Fuel A renewable jet fuel alternative derived from sustainable feedstocks for use in aviation applications to lower aviation lifecycle emissions.
• Bio-Residual Oil A byproduct of the biofuel production process utilized in various industrial applications.
• Blended Fuels Various fuel blends combining petroleum diesel with biodiesel or renewable diesel at different ratio levels to meet specific customer performance and emissions requirements.
• Diesel Fuel Traditional petroleum diesel fuel for standard diesel engine applications.
• Gasoline and Ethanol Blends Traditional gasoline fuel products with ethanol blends for standard engine applications.
• Glycerin A crude glycerin byproduct from biodiesel production used in various industrial applications.
• Methyl Esters Chemical intermediates derived from the transesterification process used in biodiesel production.
• Renewable Naphtha A 100% hydrocarbon renewable gasoline blendstock produced as a co-product from renewable diesel production, derived from fats and oils.
• Renewable Propane A renewable propane fuel alternative produced from renewable feedstocks for heating and fuel applications.
• Heating Oil Traditional heating oil fuel for residential and commercial heating applications.
• Bioheat Blended Fuel A heating fuel blend combining biodiesel with traditional heating oil for reduced carbon emissions in residential and commercial heating applications.
• Compressed Natural Gas (CNG / R-CNG) Natural gas stored under high pressure for use as an alternative fuel in fleet vehicles, offering lower carbon intensity and reduced NOx emissions compared to diesel.
• Renewable Natural Gas (RNG) Biomethane produced through anaerobic digestion of organic waste sources such as manure, food waste, and municipal waste, offering carbon negative fuel characteristics.
• Hydrogen Lower carbon intensity hydrogen fuel offered to help customers transition to emerging fuel technologies.

Quantifiable outcome

• Up to 86% lifecycle GHG emissions reduction using B100 compared to petroleum diesel
• +6 more outcomes

Named customers10 records

Segments9 records

Ideal customer profiles8 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• TervivacoreStrategic or Co-development Partner · 15 October 2024Terviva received investment from Chevron Renewable Energy Group to scale renewable Pongamia trees for biofuel production. The collaboration aims to expand pongamia plantings and increase availability of low-carbon feedstocks for biodiesel, renewable diesel, and sustainable aviation fuel.
• Optimus TechnologiescoreStrategic or Co-development PartnerStrategic partnership bringing 100% biodiesel (B100) to fleet customers through Optimus' Vector System technology that enables diesel engines to operate on B100. Chevron provides high-quality fuel meeting Optimus' tight fuel specifications.
• BoosterminorStrategic or Co-development PartnerMobile fueling partnership bringing on-site fleet fueling solutions. Booster provides mobile fueling technology and Chevron supplies renewable fuels, enabling fleet operators to meet sustainability and operational efficiency goals.
• GoodFuelsminorStrategic or Co-development PartnerPartnership for sustainable shipping fuels. GoodFuels provides instant decarbonization solutions for the marine industry while Chevron supplies renewable fuel products.
• Iowa State UniversityminorStrategic or Co-development PartnerAcademic partnership to advance awareness and adoption of biofuels and encourage positive environmental change.
• Restaurant TechnologiescoreStrategic or Co-development PartnerCollects used cooking oil (UCO) from restaurant customers including Sheetz, converting waste into feedstock for renewable fuel production. In 2023, converted over 314 million pounds of waste oil into renewable diesel or biofuels.
• SheetzminorStrategic or Co-development PartnerRestaurant chain participating in circular economy arrangement to sell used cooking oil for biofuel production instead of landfill disposal.
• CumminscoreTechnology or IntegrationTechnology partnership to bring Cummins X15N natural gas engine to fleet customers. Chevron offers CNG demo program with Peterbilt trucks powered by Cummins engines. Collaboration validated Cummins CES 20092 approval for mobile natural gas engine oils.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Diamond Green Diesel: Joint venture between Valero and Darling Ingredients producing renewable diesel from waste fats/oils. Largest US renewable diesel producer and the most direct competitor to REG's Geismar facility, with similar feedstock base and product mix.
• World Energy: US-based biodiesel and renewable diesel producer focused on low-carbon fuels for hard-to-decarbonize sectors. Operates Paramount, California facility (one of the largest renewable diesel plants in North America).
• Neste: Finland-based global leader in renewable diesel (HVO/HEFA) and sustainable aviation fuel. Operates large-scale renewable refineries in Singapore and Rotterdam; competes with REG in US and global renewable diesel/SAF markets.
• Darling Ingredients: Global rendering company that converts animal by-products into fats and proteins. Key Diamond Green Diesel partner and a critical feedstock supplier; competes with REG for tallow/UCO and also operates Diamond Green Diesel as a JV with Valero.

Emerging players

• Rex American Resources: US ethanol producer exploring entry into renewable diesel/corn oil-based biofuels. Smaller-scale but comparable business model in corn-based renewable fuel production.

Broad incumbents

• Shell (Shell Renewables and Energy Solutions): Integrated energy company with renewable fuels portfolio including biofuels blending, hydrogen, and EV charging. Competes with REG in renewable diesel and conventional fuel markets.
• Marathon Petroleum (Marathon Martinez Renewables): Major US refiner that converted its Martinez, California refinery to produce renewable diesel from fats, oils, and greases. Competitor in renewable diesel and conventional fuels.
• Archer Daniels Midland (ADM): Global agribusiness giant with significant biodiesel production and biofuel feedstock origination (vegetable oils). Competitor in biodiesel production and a key feedstock counterparty.
• Phillips 66 (Rodeo Renewable Energy Complex): Integrated oil and gas company that converted the Rodeo refinery to renewable diesel production, becoming one of the largest US renewable diesel producers. Direct competition with REG in feedstock sourcing and customer sales.
• BP (bp Pulse / Castrol / Bioenergy): Integrated oil major with growing biofuels and bioenergy operations including sugarcane ethanol in Brazil and renewable diesel investments. Strategic competitor in low-carbon transportation fuels.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@chevronfuels
• Facebookfacebook.com/ChevronFuelsandRenewableSolutions
• LinkedInlinkedin.com/company/chevron-fuels-and-renewable-solutions
• Xx.com/REGbiofuels

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds4 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Renewable Energy Group