REG Reports 2019 Q2 Financial Results

Carrie Muehling

Renewable Energy Group, Inc. (REG) announced a net loss for the second quarter ended June 30, 2019. Revenues for the second quarter were $560.6 million on 197.4 million gallons of fuel sold. Net loss from continuing operations attributable to common stockholders was $57.6 million in the second quarter of 2019, compared to net income from continuing operations attributable to common …

AgWired Energy, REG

REG to Close New Boston, Texas Biodiesel Plant

Cindy Zimmerman

Renewable Energy Group (REG) is closing its New Boston, Texas biorefinery “due to challenging business conditions and continued federal policy uncertainty, most notably the long-lapsed federal biodiesel tax credit.” The company acquired the 15-million gallon per-year biodiesel plant near Texarkana, Texas in October 2012 and began producing biodiesel there several months later. The facility is capable of running both high …

Biodiesel, REG

REG Opens Retail Station in Illinois

Cindy Zimmerman

Renewable Energy Group, Inc. this week celebrated the grand opening of the company’s first diesel fueling station in Seneca, Illinois. “This diesel fueling station is another example of how REG is moving fuel forward by expanding our capabilities,” said Cynthia J. Warner, REG President & CEO. “It gives us another avenue of getting our high quality, clean fuel to new …

Biodiesel, REG, Retailers

REG Life Sciences’ Assets Sold to Genomatica

Carrie Muehling

Renewable Energy Group, Inc. has completed the sale of substantially all assets of REG Life Sciences’ to Genomatica. “We are pleased to be selling our Life Sciences’ assets to Genomatica, who are well positioned to build upon the technical progress we have made, and to advance the team and the technology through to commercialization,” said REG’s CEO Cynthia J. Warner. …

Biodiesel, REG, Renewable Energy

Renewable Energy Group Expands Ralston Plant

Carrie Muehling

Biodiesel producer Renewable Energy Group (REG) has more than doubled the plant capacity at its Ralston, Iowa, facility. “We congratulate REG on this expansion of its flagship biodiesel plant in Ralston,” said Grant Kimberley, executive director of the Iowa Biodiesel Board. “We are fortunate that REG has its headquarters here in Iowa, and continues to invest heavily in biodiesel infrastructure, …

Biodiesel, REG

REG Announces Board of Directors Changes

Cindy Zimmerman

Renewable Energy Group has announced the appointment of two new Board members to the company’s Board of Directors. Joining the Board are Ms. Debora (Deb) Frodl, a former GE Executive and Mr. James C. (Jim) Borel, a former DuPont Executive. Both began serving on the Board effective March 14. As a top senior executive at GE, Frodl led Ecomagination, a …

Biodiesel, REG

Biodiesel No Problem in RFS Talks

Cindy Zimmerman

Of those Renewable Fuel Standard (RFS) stakeholders at last week’s White House meeting, only Renewable Energy Group, Inc. President and CEO Randy Howard walked out feeling like his industry was safe. Howard, who joined other top biofuel company executives who met with the President, Vice President Pence, EPA Administrator Scott Pruitt, and some petroleum refiners to discuss the RFS, says …

Biodiesel, REG, RFS, RINS

REG Celebrates Project Upgrade

Kelly Marshall

Renewable Energy Group, Inc. held a ribbon cutting ceremony to mark the completion of the upgrades at their Eden, Germany biorefinery. The upgrades included 2.5 million € for a new biodiesel distillation column and a thermal oil heater. “This investment is another milestone in REG’s European strategy to be a leader in delivering high quality biofuels,” said Jean Scemama, Vice …

Biodiesel, REG

#Biodiesel Industry Reacts to 2017 RVOs

Joanna Schroeder

Today the U.S. Environmental Protection Agency (EPA) has issued the final 2017 Renewable Volume Obligations (RVOs) with increased volumes for all categories as part of the Renewable Fuel Standard (RFS). The real winners of this news are the consumers, said the National Biodiesel Board (NBB) in a statement.  Under the new RFS rule, Biomass-Based Diesel standards, of which includes biodiesel, …

advance biofuels, Biodiesel, NBB, REG, RFS