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

REG to Offer More Biodiesel Blends in NE and Midwest

John Davis

Biodiesel giant Renewable Energy Group is adding to the locations that will be selling its green fuel. This company news release says REG Energy Services will be offering additional biofuel blends in New York, Minnesota and Iowa. REG Energy Services, LLC will offer ultra-low sulfur heating oil and diesel (ULSHO/ULSD) blended with up to 20 percent biodiesel at its New …

Biodiesel, REG

REG Sells First Gallons of Renewable Diesel from La. Plant

John Davis

Biodiesel behemoth Renewable Energy Group, Inc. (REG) rolled out the first commercial-scale quantities of renewable diesel from its Geismar, Louisiana biorefinery. This company news release says that fuel is now available for sale. The first truckloads of REG-9000™/RHD produced at the 75-million gallon nameplate biorefinery since REG acquired it in June left the plant October 23. The advanced biofuel from …

Biodiesel, REG

Sales Up But Revenues Down for Biodiesel’s REG

John Davis

Biodiesel behemoth Renewable Energy Group (REG) says while sales of its biomass-based diesel are up, revenues have fallen. The company released its second quarter 2014 financial results, showing REG sold 11 percent more biodiesel than the same time a year earlier. But revenues of $332.9 million are a decrease of 13 percent and an adjusted EBITDA decreased by 86 percent. …

Biodiesel, REG