Chevron Renewable Energy Group Provides Update on Geismar Biorefinery

AMES, Iowa-- Chevron Renewable Energy Group is issuing the following statement from President and CEO, Cynthia ‘CJ’ Warner regarding the status of its renewable diesel plant located in Geismar, Louisiana following Hurricane Ida:

“I am pleased to report that the Geismar renewable diesel plant has returned to normal operations following the impact of Hurricane Ida. We are grateful that our employees, contractors and partners were able to remain safe throughout, and for their dedicated efforts that enabled us to restart the plant in a safe and controlled manner.”

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About Chevron Renewable Energy Group

Chevron Renewable Energy Group is leading the energy and transportation industries’ transition to sustainability by transforming renewable resources into high-quality, lower carbon fuels. Chevron Renewable Energy Group is an international producer of sustainable fuels that significantly lower greenhouse gas emissions to immediately reduce carbon impact. Chevron Renewable Energy Group utilizes a global integrated procurement, distribution and logistics network to operate 12 biorefineries in the U.S. and Europe. In 2020, Chevron Renewable Energy Group produced 519 million gallons of cleaner fuel delivering 4.2 million metric tons of carbon reduction. Chevron Renewable Energy Group is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.

Note Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including restarting production at our Geismar facility. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, damage to the Geismar facility that may be discovered after the startup process, the availability of utilities, including hydrogen and steam, and the continuation of supply, from third parties that have not yet resumed operations following the storm, the availability, future price, and volatility of the utilities and feedstocks; the availability, future price and volatility of petroleum and products derived from petroleum; risks associated with fire, explosions, leaks, and weather related events and other natural disasters at our facilities; any disruption of operations at the Geismar renewable diesel refinery (which would have a disproportionately adverse effect on our profitability, including our proposed capacity expansion thereto and other risks and uncertainties described in Chevron Renewable Energy Group’s annual report on Form 10-K for the year ended December 31, 2020 and subsequently filed Form 10-Q and other periodic filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release and Chevron Renewable Energy Group does not undertake to update any forward-looking statements based on new developments or changes in our expectations.

All forward-looking statements are made as of the date of this presentation and Chevron Renewable Energy Group does not undertake to update any forward-looking statements based on new developments or changes in our expectations.