In Iowa, Renewable Energy Group, Inc. reported revenues for the second quarter 2020 were $546 million on 183 million gallons of fuel sold. Net income from continuing operations available to common stockholders was $1 million in the second quarter of 2020, compared to a net loss of $58 million in the second quarter of 2019. […]
In California, Renewable Energy Group, Inc. has entered into an agreement with Hunt & Sons, Inc. to supply REG Ultra Clean® at 12 locations in Northern California. “This agreement positions REG and Hunt & Sons to deliver a cleaner-burning, sustainable fuel that immediately reduces emissions within their existing fueling systems and infrastructure,” said REG Vice […]
By Bruce Comer, Founder and Managing Director, Ocean Park Special to The Digest Slowdown in North American biofuels Mergers and Acquisitions as thin margins and policy uncertainty hung over industry. Biofuels Merger and Acquisition (M&A) activity in North America was subdued in 2019. Only four operating biodiesel, ethanol and advanced biofuels plants were sold during […]
In Washington state, local press reports that county and other local officials aren’t taking Phillips 66 and Renewable Energy Group’s cancelation of their proposed renewable diesel plant lying down and are scrambling to find ways to bring the partners back to the table. The joint venture partners had said that they backed out of the […]
In Washington state, Phillips 66 and Renewable Energy Group, Inc are discontinuing their joint effort to construct a large-scale renewable diesel plant in Ferndale, Washington, the companies announced. The project has been canceled due to permitting delays and uncertainties. Originally announced in fall 2018, this 250 million gallon per year project would have resulted in […]
In Iowa, Renewable Energy Group reported in an SEC 8-K form that following reinstatements and extensions of a set of tax provisions, including the retroactive reinstatement for 2018 and 2019 and extension for 2020 through 2022 of the federal biodiesel mixture excise tax credit, with respect to the business it conducted in 2018 and in […]
In Massachusetts, family owned, veteran operated fuel company Broco Oil has been contracted to provide heating oil for use in Boston’s city-owned buildings, including firehouses, police stations and other municipal facilities. Broco Oil’s ’s heating oil is a B20 Bioheat® fuel blend containing 20 percent biodiesel, a renewable liquid fuel that significantly reduces greenhouse gas […]
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 […]
In Iowa, the Ames Tribune newspaper reports that the Renewable Energy Group has teamed with Optimus on a B100 trial for the city of Ames. The pilot project will trial the use of B100 in five city vehicles to test whether the fuel could be used year-round, with fossil diesel used for ignition before switching […]
In Illinois, the Renewable Energy Group celebrated the grand opening of the company’s first diesel fueling station in Seneca, Illinois. Construction on the around-the-clock, fully-automated station began earlier this year. Diesel customers from trucking fleets to local diesel vehicle owners will be able to fill up with biodiesel blended fuel to conveniently reduce harmful greenhouse […]
