In South Dakota, Chevron Corporation completed its previously announced acquisition of Renewable Energy Group, Inc. following approval by REG stockholders. As part of the acquisition, Chevron Renewable Energy Group will be headquartered in Ames, Iowa. The team will focus on growing Chevron’s portfolio of lower carbon fuels and feedstocks. As one company, they are combining […]
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 […]
Like one of the longest-running, live-action American series on TV, Bonanza, there is a biofuels bonanza going on right now but this time in the shipping and bunkering sector. From horses and western trails to ships and biofuel trials, comes the latest news from Ocean Network Express on their latest successful third trial of biofuel […]
Just in the last few days, it’s been all about low carbon, lower carbon, net-zero carbon – and all of it from waste. Virgin Group and Agilyx’s strategic partnership to produce lower carbon fuel from plastic waste. REG’s state-of-the-art pretreatment facility to refine some of the lowest carbon intensity, hardest to convert waste fats and […]
In Iowa, Bunker Holding Group, the world’s largest supplier and trader of marine fuels, and Renewable Energy Group, Inc., a leading global producer and supplier of renewable fuels, entered into a strategic global collaboration agreement to further develop the U.S. and EU marine markets for sustainable bio-based diesel. Partnering REG’s expertise in bio-based diesel with […]
In Louisiana, Renewable Energy Group said it will undertake a capacity expansion of its Geismar, Louisiana biorefinery by 250 million gallons annually to 340 million gallons per year. This announcement follows a thorough review and site selection process. Construction should begin in mid to late 2021 with target mechanical completion date in late 2023. The […]
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 Iowa, working with Renewable Energy Group, trucking giant Ruan Transportation has confirmed that using biodiesel blends in its fleet is both sustainable and profitable. The Iowa-based trucking firm has more than 300 locations nationwide and a fleet that travels 350 million miles a year. Among the benefits of biodiesel blends to Ruan are: • […]
The seasons are changing in many parts of the world right now, but what really is changing this autumn is how the world is looking at renewable diesel. Phillips 66 and REG’s announcement about a new renewable diesel plant on the U.S. West Coast planned for 2021 comes after a notable increase in refineries that […]
In Germany, Renewable Energy Group, Inc. completed upgrades at their biorefinery in Emden after having invested almost $3 million (€2.5 million) for a new thermal oil heater and a new biodiesel distillation column. Emden is one of their two German biorefineries and REG acquired it earlier this year after investing in the former Petrotec AG. […]
