The national average for diesel fuel hit another record $5.54 a gallon Monday but a new study released by Clean Fuels Alliance America shows prices would be four percent higher without current U.S. biodiesel and renewable diesel production. The study, “The Offsetting Impact of Expanded Biomass Based Diesel Production on Diesel Prices,” was prepared by World Agricultural Economic and Environmental …
Chevron Announces Agreement to Acquire REG
Chevron Corporation and Renewable Energy Group, Inc. announced today a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 billion, or $61.50 per share. The acquisition combines REG’s growing renewable fuels production and leading feedstock capabilities with Chevron’s large manufacturing, distribution and commercial marketing position. “REG was a founder of …
REG Makes Strategic European Investments
Renewable Energy Group, Inc. announced a couple of strategic European investments this week. First, REG will install a state-of-the-art pretreatment facility in Germany, enabling the company to refine some of the lowest carbon intensity, hardest to convert waste fats and oils for bio-based diesel production. The project is located on the North Sea harbor of Emden, Germany at the border …
Senate Committee Hearing Looks at RFS
The U.S. Senate Committee on Environment and Public Works held a hearing Wednesday to examine the Renewable Fuel Standard (RFS). Chairman Tom Carper (D-DE) said the committee has not held an oversight hearing on the RFS since 2016. “Since the implementation of the program, we’ve come a long way toward achieving our goals. Economic growth in agricultural communities has expanded …
Last Ever National Biodiesel Conference Wrap
The 2022 National Biodiesel Conference was the last one that will be held going forward with the official name change for the biodiesel board now being Clean Fuels Alliance America, or just Clean Fuels for short. “Next year for our 20th conference it will be rebranded in keeping with the organization’s new name,” said Clean Fuels CEO Donnell Rehagen at …
Thanksgiving Harvest Powers Biodiesel and Renewable Diesel
As many of us are finishing up the turkey leftovers this week, some biodiesel producers are reaping a harvest of used cooking oil from the holiday. National Biodiesel Board (NBB) members — such as Newport Biodiesel in Rhode Island, New Leaf Biofuel in San Diego and American GreenFuels in Connecticut — harvest and recycle used cooking oil into biodiesel and …
SCS Global Services Approved as Verifier for Oregon
SCS Global Services has been approved as an independent verifier for the Oregon Clean Fuels Program (CFP). The CFP’s main objective is to encourage cleaner fuel usage using electricity, ethanol, biodiesel, renewable diesel and renewable natural gas based on incentives and requirements that create demand for such fuels in the marketplace. SCS Global Services, an international leader in third-party certification …
REG and Booster Partner for Sustainable Fuels Delivery
Renewable Energy Group (REG) has announced a partnership with Booster, a tech-enabled energy delivery service, to provide mobile delivery of renewable diesel, biodiesel and blended fuels to fleets. The service started in California in August and has the potential to grow nationally. The Booster / REG collaboration makes low-carbon fuels more accessible to clients, with convenient mobile fueling services provided …
REG Breaks Ground on Renewable Diesel Expansion Project
Renewable Energy Group (REG) held a groundbreaking ceremony last week to celebrate the start of construction on the company’s improvement and expansion project at REG Geismar in Louisiana. The project will take total site production capacity from 90 million gallons per year to 340 million gallons per year, and bring more than 60 permanent jobs and up to 500 construction …
REG Joins Iowa State University on Hydrotreater Pilot Plant
Renewable Energy Group, Inc. (REG) joined Iowa State University (ISU) this week for a ribbon cutting ceremony at the BioCentury Research Farm (BCRF) to celebrate the start of a new hydrotreater pilot plant. The hydrotreater pilot plant, the result of a three-year collaboration between REG and the ISU Bioeconomy Institute, will work on how various biomass feedstocks can play a …