Chevron Corporation

What Chevron Corporation does

Chevron Corporation operates a lower carbon fuels business, primarily through its subsidiary Chevron Renewable Energy (formerly Renewable Energy Group, acquired in 2023). The company produces biodiesel via transesterification and renewable diesel via hydrogenation with proprietary isomerization technology, utilizing 15 different feedstock types including used cooking oil and agricultural byproducts. Production reached 408 million gallons in 2023, achieving 3.8 million metric tons of carbon reduction. Core products include Biodiesel, Ultra Biodiesel, Renewable Diesel, a proprietary 80/20 Renewable Diesel/Biodiesel Blend with superior cold weather performance, Sustainable Aviation Fuel, Renewable Natural Gas, Compressed Natural Gas, and Hydrogen.

The business serves commercial and industrial fleet customers across trucking, railroad, marine, mining, heating oil, agriculture, aviation, construction, and government sectors. Named customers and partners include Sheetz, Restaurant Technologies, Freight carriers, and logistics companies. Distribution is facilitated through an integrated network of production facilities, distribution terminals, and retail locations, supplemented by partnerships with Booster (mobile fueling), GoodFuels (marine), and Optimus Technologies (B100 systems).

Revenue is generated through direct sales of fuels under quote-based, multi-year enterprise contracts. The company employs a consultative sales approach with custom fuel solutions and in-house GHG emissions reporting capabilities. Operationally, the company is headquartered in San Ramon, California, with primary lower carbon fuels operations in Ames, Iowa, and a European office in Amsterdam. The renewable diesel market is projected to grow from $26.83 billion to $62.20 billion between 2025 and 2035 (8.77% CAGR), driven by regulatory tailwinds including the US Renewable Fuel Standard and California Low Carbon Fuel Standard.

Name

Chevron Corporation

Legal name

Chevron Corporation

Website

https://regfuel.com

Company type

Public

Founded year

1879

Operating status

Operating

Short description

Chevron Corporation operates a lower carbon fuels business producing biodiesel and renewable diesel from 15 feedstock types, serving commercial fleets across trucking, rail, marine, mining, and aviation sectors through integrated production and distribution facilities.

Ownership category

akta.pro rank

Product category

Renewable and Lower Carbon Fuels

NAICS

Petroleum Refineries (32411), Petrochemical Manufacturing (32511)

SIC

Petroleum Refining (2911), Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

Biofuels & Renewable Fuels Switching (Biomethane/RNG, Bio-oils, Sustainable Biomass) (EUABAJAD)

Keywords

• Renewable diesel fuels
• Biodiesel production
• Sustainable aviation fuel
• Lower carbon fuels
• Biofuel feedstock processing

Headquarters

HQ city

Ames

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Renewable Diesel Sales: Sale of renewable diesel fuel to commercial and fleet customers. Renewable diesel is a drop-in fuel compatible with existing diesel infrastructure, meeting ASTM D975 specification.
2. Biodiesel Sales: Production and sale of biodiesel fuel made from various feedstocks including plant-based oils, used cooking oil, and industry byproducts. Biodiesel can be used as blend stock or at 100% concentration.
3. Renewable Natural Gas (RNG) / R-CNG: Sale of renewable compressed natural gas produced through anaerobic digestion of manure, food, municipal and solid waste from dairy farms, waste facilities and landfills.
4. Compressed Natural Gas (CNG): Sale of CNG for heavy-duty trucking and fleet applications as a lower carbon alternative to diesel.
5. Fuel Blends and Specialty Fuels: Sale of blended fuels including renewable diesel/biodiesel blends, fuel blends, renewable naphtha, and renewable propane.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Chevron produces and supplies lower carbon fuels and related services for transportation and industrial fleets. The portfolio includes biodiesel, renewable diesel, sustainable aviation fuel, renewable natural gas (RNG), compressed natural gas (CNG), hydrogen, and blended specialty fuels produced from 15 different feedstock types including used cooking oil, plant-based oils, agricultural byproducts, and waste streams. The company serves commercial and industrial customers seeking to reduce lifecycle carbon emissions and Scope 3 emissions while maintaining operational efficiency using existing diesel infrastructure.

Product overview

Chevron offers a diversified portfolio of lower carbon fuel solutions alongside traditional petroleum products. The core offering centers on renewable fuels including Biodiesel, Ultra Biodiesel, Renewable Diesel, Renewable Diesel/Biodiesel Blend, and Sustainable Aviation Fuel. These renewable products are produced using 15 different feedstock types and demonstrate Chevron's isomerization technology excellence for superior cold weather performance. Complementary products include Renewable Natural Gas (RNG), Compressed Natural Gas (CNG), and Hydrogen for various transportation sectors. Traditional offerings encompass Diesel Fuel, Gasoline and Ethanol Blends, Heating Oil, and specialized byproducts like Glycerin, Methyl Esters, Renewable Naphtha, and Renewable Propane. The company also provides integrated services including an Emissions Calculator for fleet carbon tracking, the Chevron Access customer portal, and technical support for fuel quality and implementation.

Differentiator

Problem solved

Functional benefit

Brands

• Ultra Biodiesel: High-quality biodiesel product line
• Renewable Diesel/Biodiesel Blend
• Bioheat

Products and services

• Biodiesel A bio-based fuel made from plant-based resources and waste feedstocks that emits less greenhouse gases than traditional petroleum diesel. It is a drop-in fuel compatible with most existing diesel vehicles and infrastructure, suitable for commercial fleets and industrial customers seeking lower carbon alternatives.
• Ultra Biodiesel A high-quality biodiesel product offering superior performance compared to standard biodiesel, designed for commercial and fleet customers seeking enhanced fuel quality and reliability.
• Renewable Diesel/Biodiesel Blend A blend of 80% renewable diesel and 20% high-quality biodiesel providing one of the lowest overall engine emissions of any diesel fuel, with superior cold weather performance and consistent low freezing point for year-round use in commercial fleets.
• Renewable Diesel A renewable fuel made from the same feedstocks as biodiesel but using a different production process (hydrogenation with isomerization). It meets the same ASTM D975 specification as petroleum diesel and has up to 85% less sulfur than ultra-low sulfur diesel, higher cetane, and added lubricity for commercial and industrial fleet customers.
• Sustainable Aviation Fuel Lower carbon intensity fuel solutions for the aviation industry designed to help reduce lifecycle carbon emissions from aircraft operations, serving airlines and aviation operators seeking sustainable alternatives to conventional jet fuel.
• Renewable Natural Gas (RNG) Carbon negative fuel produced through anaerobic digestion of manure, food, municipal, and solid waste sourced from dairy farms, waste treatment facilities, and landfills. Delivered to vehicles at RNG/CNG fueling stations for commercial fleet customers.
• Compressed Natural Gas (CNG) Natural gas (methane) stored and transported under high pressure in its gaseous state, offering lower carbon intensity based on reduced emissions across its production lifecycle and lower engine emissions of NOx and particulate matter compared to conventional diesel. Used for heavy-duty trucking and fleet applications.
• Hydrogen Lower carbon intensity fuel offered at select retail stations for light-duty and heavy-duty fleet sectors, supporting hydrogen-powered fuel-cell electric vehicles (FCEVs) for commercial and government fleet customers.
• Diesel Fuel Traditional petroleum-based diesel fuel for transportation and industrial applications, sold to commercial and fleet customers.
• Gasoline and Ethanol Blends Traditional gasoline blended with ethanol for transportation applications, sold to commercial and retail customers.
• Heating Oil Fuel oil for heating residential and commercial buildings, sold to commercial heating operators and residential customers.
• Bioheat Blended Fuel A blend of heating oil with biodiesel for reduced carbon intensity in heating applications, sold to commercial and residential heating customers.
• Bio-Residual Oil A byproduct of biofuel production processes used for various industrial applications, sold to industrial customers.
• Blended Fuels Custom fuel blends combining traditional and renewable fuel components for specific performance requirements, sold to commercial and industrial customers with tailored specifications.
• Glycerin A byproduct of biodiesel production used in various industrial and consumer applications, sold to industrial customers.
• Methyl Esters Chemical compounds derived from renewable feedstocks used as intermediates in various industrial processes, sold to industrial customers.
• Renewable Naphtha A renewable fuel component derived from biomass feedstocks used in petrochemical and refining applications, sold to industrial and petrochemical customers.
• Renewable Propane A renewable alternative to traditional propane produced from bio-based feedstocks, sold to commercial and industrial customers.
• Fuels and Lubricants Integrated fuel and lubricant solutions for fleet operations, combining traditional petroleum products with lower carbon alternatives, sold to commercial fleet operators.
• Emissions Calculator A tool that estimates Scope 1 GHG emissions reduction by replacing petroleum diesel with bio-based diesel fuels for fleets, used by fleet operators and sustainability managers to evaluate carbon reduction potential.

Quantifiable outcome

• Reduces greenhouse gas emissions by up to 78% compared to fossil diesel
• +3 more outcomes

Named customers3 records

Segments9 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• SheetzcoreStrategic or Co-development PartnerSheetz participates in circular economy partnership by selling used cooking oil to Restaurant Technologies, which then provides feedstock to Chevron for biofuel production. The collaboration establishes a circular supply chain converting kitchen waste into renewable fuels.
• Restaurant TechnologiescoreStrategic or Co-development PartnerRestaurant Technologies collects used cooking oil from Sheetz and other restaurants, converting over 314 million pounds of waste oil into renewable diesel in 2023. The company serves as critical feedstock supplier to Chevron's biofuel production.
• BoosterminorChannel Partner/ Reseller/ DistributorMobile fueling partner that delivers Chevron renewable fuels directly to fleet vehicles at customer locations.
• GoodFuelsminorChannel Partner/ Reseller/ DistributorSustainable fuel distributor partner for marine applications, providing lower carbon fuel solutions to maritime customers.
• Iowa State UniversityminorStrategic or Co-development PartnerAcademic partnership for research and development in renewable fuels and lower carbon technologies.
• NestecoreStrategic or Co-development PartnerJoint venture partnership with Marathon Petroleum in California for renewable diesel production. Major industry player driving North America's renewable diesel market growth.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat5 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

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Chevron Corporation