Renewable Energy Group (REG) has announced the closing of its 35 million gallon per year biodiesel production facility located near Houston, Texas. The company acquired and commissioned the plant in 2008 and has been operating it since. “We have made the decision not to renew the lease for our REG Houston biorefinery, which would have imposed an uncompetitive fixed cost …

Leading biodiesel producer Renewable Energy Group, Inc. has revised its second quarter 2020 outlook, which is now expected to be between negative $12 million and negative $2 million. Previously, on April 30, REG estimated a range of $20 million to $35 million. Several factors contribute to the Company’s revised outlook, including inadvertent calculation errors and volatile markets during the second …

Biodiesel producer Renewable Energy Group (REG) has more than doubled the plant capacity at its Ralston, Iowa, facility. “We congratulate REG on this expansion of its flagship biodiesel plant in Ralston,” said Grant Kimberley, executive director of the Iowa Biodiesel Board. “We are fortunate that REG has its headquarters here in Iowa, and continues to invest heavily in biodiesel infrastructure, …

Renewable Energy Group announced that Daniel J. Oh has resigned as President and Chief Executive Officer and as a member of the Company’s Board of Directors. “The Board appreciates Dan’s work in guiding REG to its position as the industry leader with sales of over $2 billion in 2016, as well as his willingness to assist on transitional matters over …

The board of Renewable Energy Group (REG) today announced the succession plan for a seamless transition of the company’s leadership positions. The board offered unanimous approval of Jeff Stroburg’s request to transition from the dual position of Chairman of the Board and Chief Executive Officer to the sole role of Chairman of the Board. Daniel Oh, currently President and Chief …