Chevron shuts two Midwest biodiesel plants, citing poor market conditions

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Chevron shuts two Midwest biodiesel plants, citing poor market conditions


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

Chevron (CVX) bought biodiesel maker Renewable Energy Group for $3.15B in 2022, acquiring 10 biodiesel plants and one renewable

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