Chevron has indefinitely idled two of its biodiesel production facilities in the U.S. Midwest, specifically in Ralston, Iowa, and Madison, Wisconsin, "due to market conditions." The decision affects the company's biodiesel production capacity by 50 million gallons per year. In response to the market challenges, Chevron has also announced an investment in a green hydrogen project. The closures were confirmed by the company on Friday, with the Madison biodiesel plant's manager citing market conditions as the reason for the indefinite closure.
$CVX | Chevron Halts Biodiesel Production Amid Market Challenges, Unveils Green Hydrogen Initiative Chevron halts biodiesel production at Midwest plants due to market conditions, impacting 50 million gallons/year capacity. Chevron invests in green hydrogen project in… https://t.co/tzfpoCYVKe
$CVX Chevron idles two US Midwest biodiesel plants as profits slip Chevron has indefinitely idled two biodiesel production facilities in the U.S. Midwest, the company confirmed on Friday, citing poor market conditions. Chevron idled plants in Ralston, Iowa, and Madison,…
Chevron idles two US Midwest biodiesel plants as profits slip #oott https://t.co/TSoPoUIkl0
Chevron idles two US Midwest biodiesel plants as profits slip https://t.co/1jDoxLiNek https://t.co/1K5ab0i79d
Chevron-REG's Madison biodiesel plant in DeForest, Wisconsin, is closing indefinitely "due to market conditions," according to a social media post from the plant's manager. #oott https://t.co/217sLHbnAF
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