Biodiesel Maker REG to Go Into Four NY, NJ Terminals
The Big Apple (and the surrounding area) will be turning a little greener. Iowa-based biodiesel producer Renewable Energy Group (REG) announced its biodiesel will be available at new positions at four biodiesel terminals in the New York metropolitan area.
This company press release says the move will help augment the area’s heating oil and diesel supplies:
“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 superstorm Sandy.
No timetable was given as to when these additional positions will be ready to go.
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REG Newton Extends Loan Agreement - Domestic Fuel
[...] Renewable Energy Group (REG) has announced that its REG Newton, LLC loan with AgStar Financial Service, PCA was extended for one additional year. The biodiesel facility entered into this debt agreement with AgStar in conjunction with the related March 2010 acquisition of the assets of Central Iowa Energy, LLC. [...]
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