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.
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.
