REG Energy Services, LLC, a wholly-owned subsidiary of Renewable Energy Group, Inc., has secured a $30 million line of credit from Iowa-based Bankers Trust. The line is a one-year credit facility, with an accordion option to expand to $40 million, subject to customary conditions. Chad Stone, REG CFO noted, “This credit line gives REG Energy Services additional capital to expand …
Lowes Removes ‘Ditch Ethanol’ Signs
The Renewable Fuels Association wrote a letter to Lowe’s CEO requesting that the “Ditch Ethanol” signs that were popping up on the Midwest be removed. Shortly after the letter was received, Lowes contacted RFA and said they were in the process of removing all the signs and they should all be gone within several days. The signs inaccurately warned consumers …
Chicago Thornton’s Locations Now Selling E15
Thornton’s will be selling E15 at 43 Chicago-area locations by the end of this month. The fuel retailer has branded the ethanol blend Unleaded15. “Unleaded 15 offers a great value to our Chicago guests, and supports our desire to provide the best possible fuel options,” said Jeff Gallic, Vice President of Fuel Supply. “Thorntons has offered E85 for years and …
#Propane Power on a Roll
Propane power is on a roll these days, going far beyond it’s traditional uses of home heating and grain drying, moving into areas such as fleet vehicles and school buses. To learn more about propane’s market expansion, Cindy Zimmerman spoke with Becky Hornblower, GROWMARK’s propane marketing and technical services manager. GROWMARK is one of the country’s largest retailers of propane. …
RFA: Ditch the ‘Ditch Ethanol’ Sign Lowes
The Renewable Fuels Association (RFA) is calling out Lowes for its “ditch ethanol” signage at stores. In a letter to Lowes CEO Robert Niblock, RFA CEO and President Bob Dinneen urged the removal of a sign appearing at several Midwest locations that inaccurately warn consumers not to use ethanol blends in small engines. Dinneen writes that the “Ditch the Ethanol” …
Renewable Chemicals Tax Credit Passes in Iowa
The Iowa Senate has approved a new five-year production tax credit for renewable chemicals. The goal of the incentive is to drive innovation in the sector within the state. Renewable chemicals will be defined in Iowa’s tax code as having at least 50 percent biobased content and not being used as food, feed or fuel. The value of the tax …
Celebrate Biodiesel Day Today
Today is National Biodiesel Day and the celebration of Rudolf Diesel, the inventor of the diesel engine. Many will remember that similar to the first “gas” engine running on ethanol, the first “diesel” engine ran on peanut oil. In fact, National Biodiesel Board (NBB) notes that when he created his engine, he envisioned a time when vegetable oils would one …
EPA, CFTC to Share RFS& RIN Data, Analysis
The U.S. Commodity Futures Trading Commission along with the Environmental Protection Agency (EPA) have entered into a Memorandum of Understanding that allows the agencies to share data and analysis on the Renewable Fuel Standard (RFS). As part of the deal, the agencies will cooperate and coordinate on topics relevant to the RFS and the market for Renewable Identification Numbers (RINS). …
Absolute Energy Celebrates 10 Years
The Renewable Fuels Association (RFA) has congratulated Iowa ethanol producer Absolute Energy for celebrating its 10th anniversary. The company was formed in early 2006 and began construction of its St. Ansgar, Iowa, ethanol plant in June 2006. Production began February 2008 with an initial production capacity of 100 million gallons per year, but grew over time to its current capacity …
Propane Conversion in a Snap
During the Indianapolis Work Truck Show earlier this week, Alliance AutoGas conversion techs Stephen Holland and Stacey Snyder installed the Alliance fuel engineered conversion system on a Bi-Fuel 2016 3.5 Liter Ford F-150 V6 in a little more than an hour an a half, setting a record. The propane fuel system features a single plug wiring connector with a 21-gallon …