Chevron to Acquire Renewable Energy Group in $3.15 Billion Transaction

Paul, Weiss is advising Chevron Corporation in its $3.15 billion all-cash acquisition of Renewable Energy Group, Inc. The deal combines REG’s growing renewable fuels production and leading feedstock capabilities with Chevron’s large manufacturing, distribution and commercial marketing position. The transaction is expected to close in the second half of 2022, subject to customary closing conditions and regulatory and REG shareholder approvals.

The Paul, Weiss team includes, among others, corporate partners Kyle Seifried, Scott Barshay, John Kennedy and Manuel Frey, and counsel Patricia Vaz de Almeida; tax partners Brian Krause and Jeffrey Samuels, and counsel Kevin Colan; executive compensation partner Larry Witdorchic; intellectual property partner Claudine Meredith-Goujon; environmental counsel William O’Brien; and real estate partner Peter Fisch.