Will offer Biodiesel Blends Providing Cleaner Fuels Options
SENECA, ILLINOIS – MARCH 1, 2019 - Renewable Energy Group, Inc. (NASDAQ: REGI), the nation’s leading advanced biofuel producer, celebrated the start of construction on the company’s first diesel fueling station on Friday. The open house event brought community leaders and members together to celebrate the beginning of construction.
“It makes great sense to build our first fueling station in Seneca,” said Jon Scharingson, Executive Director, Sales & Marketing. “This facility brings in more than 17,000 trucks per year. Those trucks have to drive through town to get to the plant. To keep the community’s air clean, we are providing those drivers with a cleaner fuel option to put in the trucks.”
Construction on the site began earlier this week, and is expected to open for business this spring. The 35,000-gallon fueling station will be open to anyone who wants to fill up with a cleaner fuel option.
“The village of Seneca has been a great supporter of our business and this is a way to give back,” said REG Plant Manager Tim Mann. “This station will help lower emissions in the city as well as support our local farmers who provide the inputs, or feedstocks, we use to produce our biodiesel.”
REG Seneca is a 60 million gallon per year biorefinery and has been producing biodiesel for over a decade. The facility employs 53 workers year round and adds more than $50 million into the state’s economy through the purchasing of feedstocks. REG owns and operates 13 biomass-based diesel refineries, with a combined effective production capacity of 565 million gallons per year.
About Renewable Energy Group
Renewable Energy Group, Inc. (NASDAQ: REGI) is a leading provider of cleaner, lower carbon intensity products and services. We are an international producer of biomass-based diesel, a developer of renewable chemicals and are North America's largest producer of advanced biofuel. REG utilizes an integrated procurement, distribution, and logistics network to convert natural fats, oils, greases, and sugars into lower carbon intensity products. With 14 active biorefineries, a feedstock processing facility, research and development capabilities and a diverse and growing intellectual property portfolio, REG is committed to being a long-term leader in bio-based fuel and chemicals.
Forward Looking Statement
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding the REG’s future growth and value creation. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to: potential changes in governmental programs and policies requiring or encouraging the use of biofuels, including RFS2; availability of federal and state governmental tax incentives; unanticipated changes in the biomass-based