REG puts $30 million Seneca expansion on hold due to tax credit extension delays

In Iowa, local press reports that the Renewable Energy Group has decided to halt its $30 million expansion project at its Seneca plant, saying the 22 months since the biodiesel producers tax credit lapsed has left uncertainty in the market. It said it didn’t know when it would be able to restart work on the project that would allow the facility to use more waste feedstock. The company already had to close one of its plants earlier this year because of the lack of tax credit renewal.