Chevron (CVX) Furloughs Biodiesel Workers Amid Market Flood

Chevron Corporation (CVX) has announced the furlough of workers at its German biodiesel plant in Oeding due to an oversupply in the market. The decision, influenced by challenging margins and alleged fraud from Chinese biodiesel flooding the market, highlights the complex dynamics within the European biodiesel industry.Let's delve into the implications of this move, the market challenges and the broader impact on the European biodiesel sector.Background of the Oeding Biodiesel PlantThe Role of Chevron's Bio ...