REG Upgrading Illinois Biodiesel Plant

John Davis

Renewable Energy Group is investing $31 million to upgrade and enhance the company’s Danville, Illinois biodiesel refinery. This company news release says the improvements will add biodiesel distillation capabilities to the 45-million gallon nameplate capacity biorefinery, as well as making pretreat capacity improvements, along with storage, logistics and other optimization enhancements. “REG Danville already has a proven record of success …

Biodiesel, REG

Louisiana REG Plant Update

Cindy Zimmerman

Damage to the Renewable Energy Group (REG) Geismar, Louisiana biorefinery from an April 2 fire will take 2-4 months to repair, according to the company. “While preliminary damage assessments are still ongoing, the damage appears to be contained to a limited area of the production facility,” REG reports in an update this week. “The Company plans to incorporate a one-month …

REG, renewable diesel

Fire Shuts REG Louisiana Refinery

Cindy Zimmerman

A Geismer, Louisiana renewable hydrocarbon diesel (RHD) refinery owned by Iowa-based Renewable Energy Group (REG) is closed after a fire on April 2 which injured two people, according to the company. REG reports that the fire was contained within a few hours and the two injured employees were in fair condition. “An assessment and investigation into the cause of the …

Biodiesel, REG, Renewable Energy

Biodiesel Giant REG Adds Harding to Board

John Davis

Biodiesel giant Renewable Energy Group has added an international business veteran to its board of directors. This company news release says Peter J. M. Harding was elected to the post. Harding has served in leadership roles for international businesses involved in commodities trading and asset management. Most recently, he was the Chief Executive Officer and a member of the Board …

Biodiesel, REG

REG Finishes Upgrades to Iowa Biodiesel Plant

John Davis

Renewable Energy Group has finished upgrades to its Newton, Iowa biorefinery. This company news release says the 30-million gallon nameplate plant in Newton, Iowa, will produce an even higher purity biomass-based diesel from a wider variety of raw materials. “Enhancing REG Newton’s distillation and processing capabilities strengthens our lower-cost, multi-feedstock biomass-based diesel business and provides customers with more fuel options …

Biodiesel, REG

REG Buys Germany’s Petrotec AG Biodiesel

John Davis

Iowa-based Renewable Energy Group, Inc. (REG) is expanding into Europe with its majority ownership buy of Germany’s Petrotec AG Biodiesel. This REG news release says deal is expected to be closed by the end of this month. ICG, Israel Corporation’s vehicle for investing in the alternative energy market, today formally accepted an offer from REG European Holdings B.V. to purchase …

Biodiesel, International, REG

REG Cuts Ribbon on Louisiana Renewable Diesel Plant

John Davis

Iowa-based Renewable Energy Group celebrated this week the grand opening of its renewable diesel plant in Louisiana. This company news release says the Geismar biorefinery is now producing renewable hydrocarbon diesel (RHD) in commercial-scale quantities. The event marked the successful start-up of the 75-million gallon nameplate capacity plant that REG acquired in June. Beginning production on October 14, REG Geismar, …

Biodiesel, REG

REG Biodiesel Sales Up, But Revenues Down

John Davis

Biodiesel behemoth Renewable Energy Group (REG) reports an increase in the amount of biodiesel it sold, but revenues for the Iowa-based company are down. The latest financial report from REG shows the company sold 14.4 percent more gallons of biomass-based diesel, while revenues decreased by 16.2 percent and Adjusted EBITDA decreased by 77.7 percent. “Our third quarter results reflect a …

Biodiesel, REG