According to a new study by Cardo ENTRIX, the “renewable fuels industry has grown spectacularly over the past decade and Iowa has been a major participant and beneficiary.” This is no surprise as Iowa leads the way in biodiesel and ethanol production. To learn about some of the key highlights of the study, I spoke with Brad Albin, VP of …
REG Execs Receive Entrepreneur of Year Award
Renewable Energy Group’s (REG) Chairman, Jeff Stroburg and President & CEO Daniel J. Oh, have been awarded the Entrepreneur of The Year Award in the Central Midwest by Earnst & Young. The winners were selected by an independent judging panel comprised of past award winners. The awards were given during a gala on June 5, 2012 in Kansas City, Kansas …
REG to Open Biodiesel Terminal in New Mexico
New Mexico is set for biodiesel with the soon to open B100 biodiesel terminal in July. Once online, this will be the state’s largest biodiesel terminal, which is owned and operated by the Renewable Energy Group (REG), the country’s largest biodiesel producer. Product will be available from the Clovis, New Mexico facility in July. “Renewable Energy Group believes this new …
REG Financials Strong
REG, America’s largest biodiesel producer, came out strong in its first quarter financials. Earlier this year, REG had a very successful public offering. For the quarter ending March 31, 2012 revenues were $188.2 million, an increase of 80 percent compared to revenues of $104.4 million for the same period in 2011. When adjusting for EBITDA, revenues were $12.7 million, an …
REG Rings the Bell to Celebrate IPO
The Renewable Energy Group (REG) celebrated its recent initial public offering (IPO) at the NASDAQ, located in New York City, in a closing bell ceremony to recognize shareholders, the board of directors, employees and client service providers. The company officially became public on January 18, 2012 and on hand for the ringing of the bell yesterday was Chairman of the Board, Jeff Stroburg; President …
Biodiesel Industry Leader to Present at Global Conference
The chairman of the National Biodiesel Board will be presenting an update on the U.S. industry during a global biofuels conference next week. Renewable Energy Group Vice President, Sales and Marketing, Gary Haer will present during the “Global Biodiesel Production and Trading” panel at the World Biofuels Markets Congress & Exhibition on Wednesday, March 14 in Rotterdam, Netherlands. “The U.S. …
REG Launches New Advocacy Website
Renewable Energy Group® (REG) has a new policy advocacy website designed to centralize the company’s constituents and rally support for biodiesel policy issues. The new site design allows supporters to sign up for informational updates and alerts and then offers an-easy-to-use platform to contact state or federal elected officials. Go online for registration and more information. “We are urging the …
Iowa RFA President Pleased with Summit
The 6th Annual Iowa Renewable Fuels Summit this week was another great one, according to Iowa Renewable Fuels Association president Brad Albin, who is VP of manufacturing for Renewable Energy Group (REG). There were over 500 people at the conference on Tuesday in Des Moines and Albin says that’s a far cry from when he first started in the biodiesel …
REG Announces Pricing of IPO
REG is ready to go public. Renewable Energy Group has announced the pricing of its initial public offering of 7,200,000 shares of common stock at a price to the public of $10.00 per share. The shares are expected to begin trading on The Nasdaq Global Market on January 19, 2012 under the symbol “REGI.” Of the shares of common stock …
Illinois Legislature Extends State Biodiesel Program
The Illinois state legislature has approved an extension of the state’s biodiesel blending program. The bill extends the sunset date for the biodiesel state sales tax incentives to Dec. 31, 2018. Any biodiesel blend of more than 10 percent continues to be eligible for fuel tax exemption. Since the inception of the B11 blending credits in 2004, more biodiesel has …