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Chevron | Geismar Renewable Diesel Expansion and Improvement Project

USA
Greenfield

Overview

Status
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Greenfield
Region
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North America
Geography
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USA
State
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Louisiana
Equity Owner
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Chevron
Proponent
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Chevron Renewable Energy Group (REG)
Output
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Renewable diesel
Type of electricty
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Capacity
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Renewable fuels: 100,000 barrels/day - 340m gallons/year
Financing
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Technology
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Technical Advisors
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Advisors
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Project Contact
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Kevin Lucke, President of Chevron REG
Lawyers
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Project Cost
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$950m
Offtaker
-
Commercial Operations Date
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2024
Decommission Date
-
FID
-

Description

An expansion project in Geismar, Louisiana.

The project is led by Chevron Renewable Energy Group. The company targets to produce 100,000 barrels a day of renewable fuels capacity by 2030 .

The biorefinery is expected to come online in 2024. Chevron Renewable Energy Group Geismar was the first renewable diesel production facility in the U.S. and was acquired by Chevron Renewable Energy Group in 2014. Since that time, Chevron Renewable Energy Group has been investing in the facility and it first announced the expansion plans in 2020.

In February 2023, Louisiana Governor Jeff Landry announced a $100m bond allocation for the expansion project.

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