Chevron Shuts Two Biodiesel Plants in Midwest, Citing Poor Market Conditions (NYSE:CVX)

Group of rows of green biofuel drums stacked in storage warehouse

scandal

Chevron (NYSE: CVX) said Friday it will idle two biodiesel plants in Wisconsin and Iowa indefinitely, amid a weakening economy for renewable fuels.

Chevron (CVX) bought biodiesel producer Renewable Energy Group for $3.15 billion in 2022, acquiring 10 biodiesel and one renewables plants

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