Green Car Congress  
Go to GCC Discussions forum About GCC Contact  RSS Subscribe Twitter headlines

« UMTRI: average fuel economy of new vehicles sold in US in Jan was 24.9 mpg, up 0.1 mpg from Dec | Main | BNSF Railway announces record $5B capital spend for 2014 »

Print this post

Renewable Energy Group breaks ground on $13.2M upgrade to Newton biodiesel plant

4 February 2014

Renewable Energy Group, Inc. (REG) broke ground on a $13.2-million improvement project at its Newton biodiesel refinery that will increase the plant’s ability to produce an even higher purity biodiesel from a wider array of raw materials. REG, based in Ames, Iowa, is a leading North American biodiesel producer, with eight active refineries in four states that have a combined nameplate production capacity of 257 million gallons.

REG Newton has a nameplate capacity of 30 million gallons per year, and can handle high and low free fatty acid feedstocks.

The upgraded process, including distillation, removes impurities and leaves behind the purest form of the fuel. The final product exceeds quality standards set by the biodiesel industry, while meeting the company’s REG-9000 quality specifications.

REG Newton refinanced its original loan through a banking syndicate led by AgStar Financial Services to extend the term and help pay for the project. The refinancing provides for an additional $5 million to fund the capital project and extends the maturity date by five years.

REG also recently has expanded into synthetic fuels, with the purchase of the assets of F-T company Syntroleum (earlier post), as well as drop-in renewable fuels, with the purchase of LS9 (earlier post).

February 4, 2014 in Brief | Permalink | Comments (0) | TrackBack (0)

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c4fbe53ef01a73d6f6a49970d

Listed below are links to weblogs that reference Renewable Energy Group breaks ground on $13.2M upgrade to Newton biodiesel plant:

Comments

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Green Car Congress © 2014 BioAge Group, LLC. All Rights Reserved. | Home | BioAge Group