Renewable Energy Group sold 157M gallons of fuel in Q1 2022

In Iowa, Renewable Energy Group sold 157 million gallons of fuel during Q1 2022, a 23 million gallon increase compared to the first quarter of 2021. Petroleum diesel sales increased 27 million gallons due to the Company’s acquisition of Amber Resources and North American renewable diesel sales increased 7 million gallons. The increase in volumes was partially offset by a 6 million gallon decrease in North American biodiesel sales, due primarily to the closure of the Houston facility late last year, and a 5 million gallon decrease in third party renewable diesel sales. 

REG produced 99 million gallons of biodiesel and renewable diesel during the first quarter, flat versus prior year. Renewable diesel production increased 42%, primarily due to the fact that the 2021 turnaround at the company’s Geismar facility was started and completed in the first quarter of that year, while this year the turnaround was started in March but completed in April. North American biodiesel production decreased 10% primarily due to the Houston facility shutdown referenced above.