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Chevron REG outlines upcoming priorities

A leader with Chevron Renewable Energy Group says some upcoming renewable fuels policies will be critical to industry’s outlook.

Paul Nees, general manager of global supply and trading, says the U.S. EPA needs to set higher Renewable Volume Obligation targets for 2026 and beyond. “While there has been quite a bit of growth already in production here in the U.S. and internationally, we expect that growth will continue as more projects come online and increase production rates.”

The EPA recently announced it expects to finalize biofuel blending volumes for 2026-2028 in December 2025, rather than the statutory deadline of November 2024.

Nees tells Brownfield the biodiesel blenders tax credit expires at the end of the year. “Starting in 2025, we’re going to see that credit change to a clean fuels production credit. With that credit, the change in the rules is going to provide for only domestic produced volumes will be eligible for that credit.”

He says that will make it more difficult for imports to be price-competitive in the U.S.