Renewable Energy Group Selects FuelQuest Zytax Determination to Automate Energy Tax Processing

Renewable Energy Group Selects FuelQuest Zytax Determination to Automate Energy 
Tax Processing 
North America's Leading Biodiesel Producer Creates Additional
Customer Value by Choosing FuelQuest to Tackle the Complexities of
Fuel Tax Calculation and Invoicing 
HOUSTON, TX -- (Marketwired) -- 04/02/13 --  FuelQuest Inc., the
leading on-demand software and services company for the global
downstream energy industry, announced today a multi-year contract
with Renewable Energy Group(R) (NASDAQ: REGI). Headquartered in Ames,
Iowa; Renewable Energy Group (REG(R)) is North America's leading
biodiesel manufacturer and marketer with more than 225 million
gallons of owned and operated capacity at 7 biodiesel plants across
the country. REG will enhance its customers' service experience and
reduce processing costs by using FuelQuest Zytax Determination to
gain accuracy, transparency, and agility in calculating fuel taxes on
invoices. 
"Our business is growing quickly across North America," said Jonathon
Schwebach, senior manager of tax at REG. "With Zytax Determination
integrated into our JD Edwards back office, we expect to achieve
efficient automation of tax calculations for all of our fuel
transaction invoices, which will also reduce tax accounting and
sup
port costs within the organization. Zytax Determination will allow
us to scale with confidence, meeting the expectations of our
customers as a reliable supplier providing accurate invoices and a
seamless customer experience." 
FuelQuest Zytax Determination automates the identification and
calculation of taxes for fuel, including petroleum products, natural
gas, biodiesel, and other products. A leading cause of inaccurate
fuel invoices is incorrect tax calculations, which leads to higher
internal processing and support costs as well as increased levels of
customer dissatisfaction. Zytax Determination addresses these issues
by providing the following:  


 
--  Drives tax determination accuracy, financial control, and
    transparency,
--  Enhances the customer experience through reliable and trusted
    invoicing,
--  Lowers tax accounting and IT support costs,
--  Enables greater agility to expand into new regions, transaction types,
    or products, and
--  Streamlines maintenance of complex and changing tax rates and rules.

  
FuelQuest provides its tax determination solution for companies of all
sizes, across multiple industries including fuel retail,
distribution, supply, and trading. FuelQuest's customers include such
companies as CountryMark, Gavilon, and Mercuria Energy Group Ltd. 
"Renewable Energy Group is the leader in North American biodiesel
production and marketing, and we are pleased to provide them with a
tax solution that will enhance their customer relationships through
improved invoice accuracy, while reducing internal costs," said Phil
Fraher, COO and CFO of FuelQuest. "Fuel taxes are highly complex and
continuously evolving. Automating tax calculations with Zytax
Determination software that tracks and applies rates and rules for
all major jurisdictions is the only way to achieve operational scale
and reduce risk." 
ABOUT RENEWABLE ENERGY GROUP
 Renewable Energy Group(R) 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 information visit www.REGI.com. 
ABOUT FUELQUEST
 FuelQuest provides on-demand fuel management, tax
automation, and compliance solutions for suppliers, distributors,
buyers, and traders of petroleum products and other energy
commodities. FuelQuest's solutions deliver operational and financial
value to over 650 customers. These customers include leading global
oil companies, international retailers, shippers and government
entities. FuelQuest's fuel management solutions help customers manage
the complexity, regulation and market volatility for more than 20
billion gallons of gasoline and diesel fuel annually. Its Zytax
solutions ensure compliance and accuracy for tens of billions of
dollars of energy-related excise taxes per year. Learn more at
www.fuelquest.com.   
JD Edwards is a registered trademark of Oracle and/or its affiliates.
REG, REGI, and Renewable Energy Group are registered trademarks of
Renewable Energy Group, Inc. and/or its affiliates. All other
trademarks are property of their respective owners. Other product or
company names mentioned may be trademarks or trade names of their
respective companies. 
MEDIA INQUIRIES
Carolyn Adams
415.963.4174
fuelquest@bordersgratehouse.com 
 
 
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