Renewable Energy Group (REG) today announced the purchase of a 15 million gallon-per-year biodiesel production plant near Atlanta, Georgia. The multi-feedstock facility, which will operate as REG Atlanta, LLC, is located in Ellenwood, Georgia, 11 miles southeast of Atlanta with easy access to major Southeast transportation routes. REG acquired the former BullDog Biodiesel operation for cash and in-kind consideration of …
National Biodiesel Board Elects Governing Board
National Biodiesel Board members selected their trade association leadership, electing three returning governing board members and four new members to serve on the leadership committee to lead America’s advanced biofuel. Officers elected to lead the board are: • Gary Haer chairman, Renewable Energy Group, Inc. • Ed Ulch, vice chair, Iowa Soybean Association • Ron Marr, secretary, Minnesota Soybean Processors …
1000th Restaurant Joins Oil-to-Fuel Program
The 1000th restaurant has joined the Oil-to-Fuel Program, sponsored by Genuine Bio-Fuel (GBF). The program recycles used cooking oil for cash. The idea is to help restaurants, that have to pay to have its used cooking oil picked up and properly disposed of, turn a loss center into a profit center. With this program, GBF supplies food establishments with sealable, …
A Thanks to Veterans
As America celebrates Veterans Day today, many around the country are thanking them for their service including the renewable fuels industry. Specifically, the Iowa Renewable Fuels Association (IRFA) is thanking veterans working in Iowa’s renewable fuels industry for decreasing U.S. dependence on foreign oil and advancing the nation’s energy security. “With Veterans Day just around the corner, the IRFA wants to thank …
Filmakers Capture ‘Fueling the Future’
The third annual “Fuel the Future” video contest, sponsored by Faegre Baker Daniels, for Iowa high school students has begun. This year, the Iowa Renewable Fuels Association (IRFA) is searching for the best student-produced “campaign-ad” video that educates Iowans on why they should choose E15 and or biodiesel at the pump. The top three video entries will win prices in …
Sweet Biodiesel!
University of California, Berkeley scientists may have found that using a fermentation process once used to covert starch into explosives, developed by the first president of Israel, chemist Chaim Weizmann, can be used to covert starch to biodiesel. The refined process produces a mix of products that contain more energy per gallon than ethanol, and scientists believe it could be …
Field to Fryer to Fuel
Here is a new twist on an old idea: rather than simply recycling used cooking oil into biodiesel, a new initiative will locally grow canola, press the seeds into oil, deliver to local restaurants, pick up the used oil, and then repurpose it into biodiesel. The pilot project, known as Field to Fryer to Fuel (F3) received a $130,000 grant …
Last Call for Biodiesel Tax Incentive?
With the end of the year soon approaching, the National Biodiesel Board (NBB) is calling for the reinstating of the biodiesel tax incentive that expired at the end of 2011. With a Congressional lame duck session on the docket for mid-November, the group is encouraging biodiesel stakeholders and supporting Americans to make a final push for the support of the tax incentive. …
REG Reports 3rd Quarter Financial Results
The Renewable Energy Group (REG) has reported its third quarter financial results. Revenues were $322.9 million, an increase of 26 percent compared to revenues of $256.5 million for the same period in 2011. Third quarter 2012 adjusted EBITDA was a loss of $2.3 million, a decrease of 105 percent compared to $46.7 million for the same period in 2011. A few …
REG Acquires Texas Biorefinery
Renewable Energy Group (REG) has announced the acquisition of a biorefinery in Texas to expand its biodiesel production output. With the acquisition of a 15 million gallon per year biorefinery located in New Boston, Texas, REG’s nameplate biodiesel production capacity is expected to increase to more than 225 million gallons annually. REG paid $300,000 in cash and issued 900,000 shares …