03.03.2022

Major takeover in the biodiesel industry

As reported on 28 February, the oil company Chevron wants to take over Renewable Energy Group (REG) for 61.5 dollars per share. The second largest US oil and gas producer will thus pay a total of 3.15 billion dollars for the alternative fuel producer. The transaction is expected to close in the second half of 2022. Chevron had set itself the goal of reducing operational emissions to zero from 2050.

 

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