REG to invest another $5 million into Grays Harbor facility

October 13, 2016 |

In Washington state, Renewable Energy Group has secured an additional $5 million credit facility to further investments in upgrades to its Grays Harbor biodiesel plant it purchased from Imperium Renewables last year. The financing is on top of the $5 million secured to start upgrades, but the Pacific Northwest market has been strong enough to justify further investments. REG’s CEO says biodiesel demand in the region is seeing steady growth, following in line with expectations that drove the purchase to begin with.

Print Friendly, PDF & Email

Tags: , ,

Category: Fuels

Thank you for visting the Digest.