Renewable Energy Group: 50 Hottest Companies in Bioenergy candidate profile

Renewable Energy Group
Based in: Iowa
2008-09 ranking: Unranked

Business: Renewable Energy Group (REG) is a leader in the biodiesel industry by offering a complete biodiesel solution.   Renewable Energy Group offers procurement and risk management, production operations, and technology services on a commercial scale level in addition to alternative feedstock research and commercialization which include lab and pilot scale operations.  REG-9000 biodiesel is produced by REG network production facilities consisting of state-of-the-art, proprietary multiple-feedstock technology. REG believes that universal compatibility is the fastest means to procure the volumes of feedstock needed for large-scale commercialization. REG can augment current pre-treatment and production of multi-feedstock biodiesel in continually increasing volumes as part of their current continuous-flow, commercial-scale process technology.

REG-9000 biodiesel is marketed through large petroleum companies and fuel distributors, and is utilized by on-highway fleets, municipalities, and power generator, mining, military, home heating and agriculture applications.

Model: REG-9000 biodiesel is produced by REG network production facilities consisting of state-of-the-art, proprietary multiple-feedstock technology. The REG network includes wholly owned and third-party owned facilities for a total production capacity of 302 million gallons.

REG-9000 biodiesel is marketed through large petroleum companies and fuel distributors, and is utilized by on-highway fleets, municipalities, and power generator, mining, military, home heating and agriculture applications.

Past milestones:

1. Successfully introduced REG-9000 brand and product line
2. REG acquisition and technology upgrades of 35 Mgy Houston biodiesel production facility designed by Lurgi
3. Technology upgrades to allow 45 Mgy facility to utilize high free fatty acid feedstocks; achievement of BQ-9000 Accreditation all at Blackhawk Biofuels, LLC
4. Construction and completion of REG Research Center for feedstock commercialization and fuel quality testing

Future milestones:

1. Continue to expand our core business through product development, market research and feedstock utilization and innovation
2. Create and maintain partnerships that connect REG in the renewable fuels and renewable chemical industries
3. Expand user reach across both end-user platforms and geography

Metrics: For the Year Ended December 31, 2008, revenues were $85.5 million. The REG network includes wholly owned and third-party owned facilities for a total production capacity of 302 million gallons. The company’s new 3,000+ sq. foot laboratory serves as the hub for feedstock technology, development and commercialization programs.  Marketed approximately 94 million gallons of ASTM D6751 certified biodiesel in 2008;  approximately 20 percent of all biodiesel used in the U.S.

REG quotable quotes: “By defining the processing parameters for new feedstock such as algae, jatropha, camelina or other fats and oils in the REG Research Center, the company can then process those feedstock using REG’s commercial scale pretreatment and production technologies.”

“REG-9000 biodiesel product line up which is marketed on fuel characteristics, not feedstock BQ-9000 Producers: six REG network facilities have achieved BQ-9000 status; BQ-9000 Marketers; National infrastructure with more than 20 terminal locations ; Rail fleet: more than 300 rail tankers to transport B100 and B99.9 nationwide, REG utilizes placite lining to protect biodiesel quality through transport”

The Hot 50 for 2009-10 will be released Tuesday, 12/1. Between now and then, you’ll see profiles of potential candidates in the Digest, and you’ll have a chance to vote for your favorites. Reader response will count for 50 percent of a company’s overall score in the preparation of the rankings. The remaining 50 percent is voted by a panel of experts.

Information on registering your company for the “50 Hottest Companies in Bioenergy” rankings is here. While registration is not required, completing the candidate profile allows companies to augment information provided to the panel of selectors – registration form materials are also used to create candidate profiles that are published daily in Biofuels Digest.

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