A major oil and gas player is expanding its business into biofuel production.
Chevron has completed its acquisition of Iowa based biofuel producer Renewable Energy Group. Clean Fuels Alliance America is applauding the acquisition of its member refineries.
Alliance CEO Donnell Rehagen tells Brownfield the move is a signifier of a fast growing market.
“As we start to see investments coming from traditional oil and gas refiners, I think for us, it really solidifies our position that the future of renewable energy is one of growth,” he said.