Renewable Energy Group CEO Says White House Meeting Affirms Biodiesel Not an Issue in RFS Discussion
WASHINGTON, March 02, 2018 (GLOBE NEWSWIRE) -- Renewable Energy Group, Inc. (NASDAQ:REGI) President and CEO Randy Howard said he was very pleased with how President Donald Trump expressed his continued support for renewable fuels Thursday at a White House meeting where at least one thing was made very clear---there is no problem with biodiesel.
Howard joined other top biofuel company executives who met with the President, Vice President Pence, EPA Administrator Scott Pruitt, and some petroleum refiners to discuss the Renewable Fuel Standard.
"My first priority in meeting President Trump was to thank him for his support of American renewable fuels and his commitment to the RFS," said Howard. "I believe he appreciates how biodiesel and other biofuels benefit American job growth and agriculture, especially in the current downturn in the farm economy. The President understood that RIN prices go down with continued growth of biofuel volumes. Then, it was made abundantly clear by all parties in the room that none of them have an issue with biodiesel's role in the RFS. I look forward to continuing the dialogue with the Administration to help us all achieve future biodiesel growth."
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.
Executive Director, Corporate Affairs
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/202399e9-5ca2-4fe2-81de-1eba1c70f3d3
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