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 …
REG Cuts Ribbon on Louisiana Renewable Diesel Plant
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, …
REG Biodiesel Sales Up, But Revenues Down
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 …
REG to Offer More Biodiesel Blends in NE and Midwest
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 …
REG Sells First Gallons of Renewable Diesel from La. Plant
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 …
REG Finishes Upgrade at 30 Mil Gallon Biodiesel Plant
Biodiesel giant Renewable Energy Group will be able to crank out high quality biodiesel from a wide variety of raw materials at its Mason City, Iowa plant, thanks to a major upgrade to the 30 million gallon per year facility. This $20 million project has been a year in the making, and the ribbon cutting attracted several state and local …
Sales Up But Revenues Down for Biodiesel’s REG
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. …
REG Could Be Planning Illinois Biodiesel Plant Expansion
Biodiesel behemoth Renewable Energy Group (REG) could be looking to expand one of its Illinois biodiesel plants. This article in the Champaign (IL) News-Gazette says REG is buying up lots around its Danville biodiesel plant, as well as asking city officials to vacate alleys and portions of streets around the facility and change the local zoning from residential to industrial. …
Iowa Congressman Visits Biodiesel Producers
Congressman Bruce Braley (D-IA) visited the REG biodiesel plant in Mason City, Iowa on Friday to meet with members of the state’s biodiesel industry concerned about the proposed lowering of volume requirements under the Renewable Fuel Standard (RFS). The current RFS proposal would set biodiesel volumes at 1.28 billion gallons, a sharp cut from last year’s actual production of nearly …
REG Completes Dynamic Fuels Acquisition
The largest U.S. biodiesel company Renewable Energy Group (REG) has announced that its wholly-owned subsidiary REG Synthetic Fuels, LLC has completed its acquisition of the remaining 50 percent ownership interest in Dynamic Fuels, LLC. Dynamic Fuels was previously owned by Tyson Foods. The new biodiesel facility will be known as REG Geismar, LLC and is a 75-million gallon renewable diesel …