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Please be advised the following letter from Cary Knuth on Chevron\u2019s recent purchase of Renewable Energy Group, Inc. will be sent to our Marketer Principles later today.<\/p>\nPlease be advised the following letter from Cary Knuth on Chevron\u2019s recent purchase of Renewable Energy Group, Inc. will be sent to our Marketer Principles later today.<\/p>\n
Partners,<\/p>\n
By now you\u2019ve probably heard that Chevron is acquiring Renewable Energy Group, Inc. (REG), a leading provider of renewable fuels. This is an exciting investment for Chevron and demonstrates our continued commitment to deliver lower carbon intensity transportation fuels to our customers. It further demonstrates that you\u2019ve chosen the right supplier, as our actions show that we are the partner of choice for the long term.<\/p>\n
We strive to be a leader in efficient, lower carbon intensity production of traditional oil and gas, which we know will be in high demand today and for years to come. We also aim to grow the lower carbon businesses that we believe will be a bigger part of the future. It\u2019s our simple and straightforward strategy \u2013 and it underscores our commitment to you, our partnership and the fuels our customers need.<\/p>\n
This opportunity combines REG\u2019s innovative people, their leading feedstock capabilities and their growing renewable fuels production with Chevron\u2019s large manufacturing assets and leading marketing position. Upon completion, our combined capabilities can enhance our products and marketing offering.<\/p>\n
Please note that the acquisition is subject to REG shareholder approval, regulatory approvals and other customary closing conditions. Until the transaction closes, our companies will continue to operate as separate companies.<\/p>\n
If you have questions, I am always available. You can also reach out to your district sales manager or business consultant. We value you, our partnership and the role you play in helping us to deliver much-needed fuels and lubricants to our customers \u2013 now and in the future.<\/p>\n
Best regards,<\/p>\n
![\"](\"http:\/\/www.chevronlubricants.com\/content\/dam\/newsletters\/images\/Knuth-Signature.jpg\")
<\/div>\nCary Knuth
\nDirector, Americas Lubricants<\/p>\n