Recent Energy Acquisitions in Iowa
Acquisition Volume in Energy in Iowa by Year
Last 5 years
-
February 28, 2022
- Buyer
- Chevron Corporation
- Target
- Renewable Energy Group, Inc.
- Industry
- Energy
- Location
- Iowa, United States
- Type
- Buyout
Chevron Corporation agreed to acquire Renewable Energy Group, Inc. (REG) in an all-cash transaction valued at $3.15 billion (or $61.50 per share). The acquisition combines REG’s renewable fuels production and feedstock capabilities with Chevron’s manufacturing, distribution, and commercial marketing position and was completed after REG shareholder approval.
-
April 20, 2021
- Buyer
- Tiger Infrastructure Partners
- Target
- Summit Carbon Solutions
- Industry
- Energy
- Location
- Iowa, United States
- Type
- Growth capital
Tiger Infrastructure Partners agreed to invest in Summit Carbon Solutions, a new Summit Agricultural Group platform building a large-scale carbon capture and storage network across the U.S. Midwest. The project aims to capture and permanently store more than 10 million tons of CO2 annually and has secured binding offtake agreements with several biorefineries in Iowa, Minnesota, South Dakota and North Dakota.
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