February 3, 2025
BY Erin Voegele
Chevron Corp. released fourth quarter financial results on Jan. 31. During an earnings call, company officials confirmed that the renewable diesel expansion project at the Geismar biorefinery in Louisiana is undergoing final commissioning.
The Geismar expansion project has been underway for several years, with the aim of boosting renewable diesel production capacity at the facility from 90 MMgy to 340 MMgy.
The plant is the first renewable diesel plant built in the U.S. Dynamic Fuels LLC, a joint venture between Tyson Foods and Syntroleum Corp., broke ground on the original 75 MMgy facility in 2008. The biorefinery began operations in 2010. Renewable Energy Group acquired the plant in mid-2014 and celebrated the facility’s grand opening in November of that year. REG announced plans for the expansion project in 2020 and broke ground the following year. The project was underway when Chevron acquired REG in mid-2022.
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Mike Wirth, chairman and CEO of Chevron, briefly referenced the expansion project during the company’s fourth quarter earnings call, confirming the expansion is undergoing final commissioning. Wirth also noted that construction is continuing on the new oilseed processing plant in Louisiana that Chevron is developing as part of a joint venture with Bunge. That project broke ground in March 2024.
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CoBank latest quarterly research report highlights current challenges facing the biobased diesel industry. The report cites policy uncertainty and trade disruptions due to tariff disputes as factors impacting biofuel producers.
The U.S. EIA on April 15 released its Annual Energy Outlook 2025, which includes energy trend projections through 2050. The U.S. DOE, however, is cautioning that the forecasts do not reflect the Trump administration’s energy policy changes.
The Michigan Advanced Biofuels Coalition and Green Marine are partnering to accelerating adoption of sustainable biofuels to improve air quality and reduce GHG emissions in Michigan and across the Great Lakes and St. Lawrence Seaway.
The U.S. Energy Information Administration reduced its 2025 forecasts for renewable diesel and biodiesel in its latest Short-Term Energy Outlook, released April 10. The outlook for “other biofuel” production, which includes SAF, was raised.
FutureFuel Corp. on March 26 announced the restart of its 59 MMgy biodiesel plant in Batesville, Arkansas. The company’s annual report, released April 4, indicates biodiesel production was down 24% last year when compared to 2023.