Edition:
United States

Profile: Renewable Energy Group Inc (REGI.OQ)

REGI.OQ on NASDAQ Stock Exchange Global Select Market

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18 Apr 2019
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Renewable Energy Group, Inc., incorporated on April 29, 2009, is focused on providing cleaner, lower carbon intensity products and services. The Company is a producer of biomass-based diesel in North America. Its segments include Biomass-based diesel, Services, Renewable Chemicals and Corporate and other activities. It is involved in various activities related to biomass-based diesel production, from acquiring feedstock, managing construction and operating biomass-based diesel production facilities to marketing, selling and distributing biomass-based diesel and its co-products. As of December 31, 2016, it owned and operated a network of 14 biorefineries. As of December 31, 2016, 12 biorefineries were located in the United States and two in Germany, and 13 of which produce biodiesel or renewable hydrocarbon diesel and had an aggregate nameplate production capacity of 502 million gallons per year (mmgy). As of December 31, 2016, it also operated one microbial fermentation facility in connection with its development of renewable chemicals and one feedstock processing facility. It produces its biomass-based diesel from a range of feedstocks, including inedible corn oil, used cooking oil and inedible animal fat. It also produces biomass-based diesel from virgin vegetable oils.

Biomass-based diesel segment

The Biomass-based diesel segment processes waste vegetable oils, animal fats, virgin vegetable oils and other feedstocks and methanol into biomass-based diesel. It also includes the Company's purchases and resale of biomass-based diesel produced by third parties. As of December 31, 2016, the Biomass-based diesel segment included the operations of various biomass-based diesel production facilities, including a 12 mmgy nameplate biomass-based diesel production facility located in Ralston, Iowa; a 35 mmgy nameplate biomass-based diesel production facility located near Houston, Texas; a 45 mmgy nameplate biomass-based diesel production facility located in Danville, Illinois; a 30 mmgy nameplate biomass-based diesel production facility located in Newton, Iowa; a 60 mmgy nameplate biomass-based diesel production facility located in Seneca, Illinois; a 30 mmgy nameplate biomass-based diesel production facility located near Albert Lea, Minnesota; a 15 mmgy nameplate biomass-based diesel production facility located in New Boston, Texas; a 30 mmgy nameplate biomass-based diesel production facility located in Mason City, Iowa; a 75 mmgy nameplate renewable hydrocarbon diesel production facility located in Geismar, Louisiana; a 27 mmgy nameplate biomass-based diesel production facility located in Emden, Germany; a 23 mmgy nameplate biomass-based diesel production facility located in Oeding, Germany; a 100 mmgy nameplate biomass-based diesel production facility located in Grays Harbor, Washington, and a 20 mmgy nameplate biodiesel production facility located in DeForest, Wisconsin. The Biomass-based diesel segment also includes its purchases and resale of biomass-based diesel, petroleum-based diesel, Renewable Identification Numbers (RINs), and raw material feedstocks acquired from third parties; sales of biomass-based diesel produced under toll manufacturing arrangements with third-party facilities using its feedstocks and incentives received from federal and state programs for renewable fuels.

Services segment

The Services segment includes biomass-based diesel facility management and operational services, whereby it provides day-to-day management and operational services to biomass-based diesel production facilities, as well as other clean-technology companies, and construction management services, whereby it acts as the construction management and general contractor for the construction of biomass-based diesel production facilities.

Renewable Chemicals Segment

The Renewable Chemicals segment includes research and development activities focusing on microbial fermentation to develop and produce renewable chemicals, fuels and other products. It includes collaborative research and development and other service activities to continue to build out the technology platform. It also includes the operations of a demonstration scale facility located in Okeechobee, Florida.

Corporate and Other segment

The Corporate and Other segment includes trading activities related to petroleum-based heating oil and diesel fuel. It also includes corporate activities.

The Company competes with Archer Daniels Midland Company, Cargill Incorporated, Louis Dreyfus Commodities Group, Ag Processing Inc., Neste Oil, Diamond Green Diesel, LLC, US Oil, NGL, Noble, Tenaska and Vitol.

Company Address

Renewable Energy Group Inc

416 S Bell Ave
AMES   IA   50010-7711
P: +1515.2398000
F: +1515.2398009

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