REG Buys US Biodiesel Group

John Davis

Iowa-based Renewable Energy Group is buying the large assets of U.S. Biodiesel Group… a move that is expected to greatly enhance REG’s ability to distribute biodiesel on the West Coast and the Texas Gulf Coast.

This story in the Chicago Tribune has details of the $80-million deal:

Acquisition of the 35 million gallon per year biodiesel plant near Houston and the Stockton, Calif., storage terminal provides REG access to strategic locations with deepwater, pipeline and rail accessibility, said Jeff Stroburg, CEO of Ames, Iowa-based REG.

“Integrating additional infrastructure into our production network will aid in REG’s continued growth as we distribute high quality biodiesel through petroleum infrastructure nationwide,” he said in a written statement.

The Houston biodiesel plant is located within a terminal in Seabrook, Thttp://energy.agwired.com/wp-admin/post-new.php
Domestic Fuel › Create New Post — WordPressexas, which is adjacent to the Houston Ship Channel, a key petrochemical and pipeline complex.

The Houston plant is about 350 miles west of a REG biodiesel plant being built in New Orleans. It offers REG another strategic location for distribution of large volumes of biodiesel.

The California liquid storage terminal will enhance REG’s ability to distribute biodiesel along the West Coast. Planning and permitting to expand the site for construction of a commercial-scale biodiesel production plant is under way. Construction plans remain to be determined, the company said.

REG has seven plants in production cranking out 220 million gallons a year.

Biodiesel