Renewable Energy Group, Inc. operates as a biomass-based diesel producer with a nationwide distribution and logistics system in North America. The company operates a network of nine operating biomass-based diesel production facilities with aggregate nameplate production capacity of 332 million gallons per year (mmgy) and one fermentation facility. In 2014, the company acquired all of the assets and certain liabilities of REG Life Sciences, a research and development stage company focused on harnessing the power of microbial fermentation to develop and produce renewable chemicals, fuels and other products. The company expanded its selling of petroleum-based heating oil and diesel fuel in 2014. The company sells heating oil and ultra-low sulfur diesel at terminals throughout the northeastern U.S., as well as BioHeat blended heating fuel at one of its existing terminal locations. The company is expanding its sales of additional biofuel blends to Minnesota and Iowa terminal location and in other locations across North America. In 2014, the company expanded into the renewable hydrocarbon diesel business through its acquisition of a 75 mmgy nameplate renewable hydrocarbon diesel biorefinery located in Geismar, Louisiana. The company expanded its business to Europe in 2014 by acquiring a majority interest in Petrotec AG (Petrotec), an integrated biodiesel company and produces biodiesel at its two biorefineries in Emden and Oeding, Germany. Petrotec’s nameplate production capacity is approximately 56 million gallons (185,000 metric tons) per year. Segments The company operates through two segments, Biomass-Based Diesel and Services. Biomass-based Diesel This segment includes the operations of various biomass-based diesel production facilities, such as 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, since its acquisition in June 2014; a 30 mmgy nameplate biomass-based diesel production facility located in Emden, Germany since its 69% majority ownership was acquired in December 2014; a 26 mmgy nameplate biomass-based diesel production facility located in Oeding, Germany since its 69% majority ownership was acquired in December 2014; and a demonstration scale facility located in Okeechobee, Florida since its acquisition in January 2014. This segment also includes the purchases and resale of biomass-based diesel, renewable identification numbers, and raw material feedstocks acquired from third parties; the company’s 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. This segment also sells glycerin, free fatty acids, naphtha, and other co-products of the biomass-based diesel production process. Services This segment includes biomass-based diesel facility management and operational services, whereby the company provides day-to-day management and operational services to biomass-based diesel production facilities, as well as other clean-tech companies; and construction management services, whereby the company acts as the construction management and general contractor for the construction of biomass-based diesel production facilities. Customers The company has one customer, Pilot Travel Centers LLC, which accounts for 10% or more of the company’s total revenues. Research and Development The company incurred research and development expense of $12.4 million for the year ended December 31, 2014. Competition The company is in competition with producers of renewable hydrocarbon diesel, such as Neste Oil and Diamond Green Diesel, LLC. In the company’s marketing and distribution, it faces competition from biomass-based diesel traders, such as US Oil, NGL, Noble, Morgan Stanley, Tenaska, and Vitol. History Renewable Energy Group, Inc. was founded in 1996.
renewable energy group inc
(RBE1:Munich Stock Exchange)
416 South Bell Avenue
Ames, IA 50010
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