Renewable Energy Group Statement on Final EPA Renewable Fuel Volumes
01 December 2018 - 5:27AM
Renewable Energy Group, Inc. (NASDAQ: REGI) President & CEO
Randy Howard issued the following statement regarding the
Environmental Protection Agency’s release of the final Renewable
Volume Obligations (RVOs) for 2019 Advanced Biofuel and 2020
Biomass-Based Diesel.
“We are very pleased to see growth for the Advanced Biofuel and
Biomass-Based Diesel categories. It is clear that the
industry can deliver higher volumes of cleaner burning fuels that
consumers want to the market. We appreciate that Acting
Administrator Wheeler has listened to our position and that this
final RVO rule reflects that.
We look forward to continuing to work with the President and his
Administration to show how continued growth of renewable fuels
benefits rural America, American agriculture and energy security,
and the environment.”
The final RVO rule will increase the minimum advanced biofuel
volume for 2019 to 4.92 billion ethanol equivalent gallons, up from
4.29 billion gallons for this year, and 2.43 billion gallons of
biomass-based diesel in 2020, up from 2.1 billion gallons for
2019.
About Renewable Energy Group
Renewable Energy Group, Inc. (NASDAQ: REGI) is a leading
provider of cleaner, lower carbon intensity products and services.
We are an international producer of biomass-based diesel, a
developer of renewable chemicals and are North America's largest
producer of advanced biofuel. REG utilizes an integrated
procurement, distribution, and logistics network to convert natural
fats, oils, greases, and sugars into lower carbon intensity
products. With 14 active biorefineries, a feedstock processing
facility, research and development capabilities and a diverse and
growing intellectual property portfolio, REG is committed to being
a long-term leader in bio-based fuel and chemicals.
Media ContactKatie
Stanley515-239-8184katie.stanley@regi.com
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