Nation's Largest Biodiesel Producer Praises Obama Administration's Continued Support
"This announcement offers certainty throughout the biodiesel supply
chain, will grow green collar jobs and enhances our nation's energy
independence," said Renewable Energy Group's President & CEO,
"We applaud and thank
Since implementation of the biodiesel requirements under RFS2 in 2010, the U.S. biodiesel industry has a proven track record for supplying petroleum refiners and distributors with large volumes of quality advanced biofuel.
"We believe the biodiesel industry, and REG specifically, are positioned to utilize the waste, by-products and recycled fats and oils from American agriculture and food production to meet the 2013 RFS2 number," Oh said.
For more than a decade, REG has been a reliable supplier of biodiesel which meets or exceeds ASTM quality specifications. We sell REG-9000® biodiesel to distributors so Americans can have cleaner burning fuels that help lessen our dependence on foreign oil. REG-9000® branded biodiesel is distributed in nearly every state in the U.S.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may vary materially due to a number of factors including, but not limited to, the risk of a loss or reduction of governmental requirements for the use of biofuel, a decrease in the spread between biodiesel prices and feedstock costs, loss or reduction of tax incentives for biodiesel production or consumption, as well as other risks that are detailed from time to time in REG's
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