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Grassley “suspicious of Big Oil taking over” as Chevron buys leading biodiesel producer

U.S. Senator Chuck Grassley is leery of oil giant Chevron buying Renewable Energy Group, the largest producer of biodiesel in the U.S.

On a call with reporters Tuesday, the Iowa Republican says he’s had bad experiences with oil companies combining with biofuels.

“During the Trump administration we often went to the White House to argue what EPA might be doing to harm ethanol. One time Valero was at the meeting (and) I didn’t see him defending ethanol even though they own some ethanol plants. So I’m suspicious of Big Oil taking over.”

He tells Brownfield Chevron officials have requested a meeting.

“When they offered to have Chevron come in and talk to me, I said don’t have them come in and talk to me if they’re going to follow the Valero policy. And we’ll wait and see if that meeting comes off and what they tell me.”

Chevron is purchasing REG for $3.15 billion and plans to call the business Renewable Fuels-REG with headquarters in Ames, Iowa.

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