Leading Biodiesel Producer REG Inks Distribution Deal for Four NY, NJ Terminals
Renewable Energy Group® offering fuel from New York's largest
biodiesel terminal network
AMES, Iowa--(BUSINESS WIRE)--
Renewable Energy Group (NASDAQ:REGI) today announced new biodiesel
positions at four New York metropolitan terminal
Biodiesel distribution points in Whippany, New Jersey, and New York
locations in New Hyde Park, Port Chester and near Brookhaven are slated
to offer quick access for blending biodiesel to augment heating oil and
"Gaining access to the largest biodiesel terminal network in New York is
part of Renewable Energy Group's strategy
to expand into the Northeast market as a reliable biodiesel supplier,"
said Renewable Energy Group's (REG) President and CEO, Daniel J. Oh.
"REG has biodiesel on-site in New Hyde Park today to allow area
distributors and heating oil retailers to increase supply as the New
York City biodiesel blend (B2) requirement
goes back into effect December 1," added Gary Haer, Vice President,
Sales and Marketing for REG. The requirement first went into effect
October 1, but was waived as a result of tight fuel supply issues due to
Biodiesel is now available at the New Hyde Park facility and is being
marketed by biodiesel veterans Michael Cooper and Danny Falcone, who
recently joined Renewable Energy Group's team.
The company markets REG-9000®
branded biodiesel nationwide and directly from REG terminal
locations in California, Iowa, Illinois Minnesota, New Mexico, Texas,
Ohio and now New York and New Jersey. Renewable Energy Group's current
capacity is more than 225 million gallons annually.
Renewable Energy Group® is a leading North American biodiesel
producer with a nationwide distribution and logistics system. Utilizing
an integrated value chain model, Renewable Energy Group is focused on
converting natural fats, oils and greases into advanced biofuels. With
more than 225 million gallons of owned/operated annual production
capacity at biorefineries across the country, REG is a proven biodiesel
partner in the distillate marketplace.
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, including statements about the timing for the start-up of service
at our Whippany, New Jersey and New York biodiesel distribution points.
Actual results may vary materially due to a number of factors including
risks that are detailed from time to time in REG's SEC reports. REG is
under no obligation to (and expressly disclaims any such obligation to)
update or alter its forward-looking statements whether as a result of
new information, future events or otherwise. Information contained in
our website is not incorporated by reference in, or made part of this
Renewable Energy Group
Alicia Clancy, 515-239-8118
Source: Renewable Energy Group
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