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Company type | Subsidiary |
---|---|
Nasdaq: REGI | |
Industry | Renewable energy industry |
Predecessor | West Central Cooperative |
Founded | 2006[1] |
Headquarters | Ames, Iowa, United States |
Key people | Cynthia Warner, President and CEO [2] |
Products | Biodiesel |
Revenue | ![]() |
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Total assets | ![]() |
Number of employees | 900+ (US), 126 (Intl) (2017) [1] |
Parent | Chevron Corporation |
Website | www |
Renewable Energy Group is a biodiesel production company headquartered in Ames, Iowa. The company operates 12 biorefineries and a feedstock processing facility. [4] As of 2018 [update] , the company is a Fortune 1000 corporation. [5]
Renewable Energy Group began in 1996 as the biodiesel division of West Central Cooperative [6] [7] with the construction of a plant in Ralston, Iowa. In 2006, the company separated from West Central and moved its headquarters to Ames. [8]
In 2013, the company acquired Tulsa-based biofuels company Syntroleum Corporation amid that company's struggles for profitability. [9] In 2015 it acquired the assets of Grays Harbor, Washington-based biodiesel company Imperium Renewables. [10]
On February 28, 2022, the company announced they would be acquired by the California-based oil company Chevron Corporation. [11] On June 13, the acquisition was completed. [12]
Upon separation from West Central, the initial CEO of the company was Jeff Stroburg, succeeded in 2011 by Daniel Oh. [8] After Oh's abrupt and unexpected resignation in 2017, Reginald Howard became interim CEO, and was replaced in 2018 by Cynthia Warner. [13] [2]
In June 2001, the predecessor company's InterWest facility in Ralston exploded, leaving one man in critical condition. [14] [15]
The company's biofuels production facility in Geismar, Louisiana suffered from explosions in April and September 2015. [16] As a result of this explosion, Renewable Energy Group was cited with three "willful" safety violations and was fined $70,000 by OSHA. [17]
Biofuel is a fuel that is produced over a short time span from biomass, rather than by the very slow natural processes involved in the formation of fossil fuels such as oil. Biofuel can be produced from plants or from agricultural, domestic or industrial biowaste. Biofuels are mostly used for transportation, but can also be used for heating and electricity. Biofuels are regarded as a renewable energy source. The use of biofuel has been subject to criticism regarding the "food vs fuel" debate, varied assessments of their sustainability, and possible deforestation and biodiversity loss as a result of biofuel production.
Biodiesel is a renewable biofuel, a form of diesel fuel, derived from biological sources like vegetable oils, animal fats, or recycled greases, and consisting of long-chain fatty acid esters. It is typically made from fats.
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TECO Energy Inc. is an energy-related holding company based in Tampa, Florida, and a subsidiary of Emera Incorporated. TECO Energy has several subsidiaries: Tampa Electric, which provides electricity to the Tampa Bay Area and parts of Central Florida; Peoples Gas Company, which provides natural gas throughout Florida; and TECO Services, which provides IT, HR, legal, facilities, and other services to current and former TECO subsidiaries. Previously the company was in the S&P 500 before it became private due its acquisition by Emera.
Neste Oyj is an oil refining and marketing company located in Espoo, Finland. It produces, refines and markets oil products, provides engineering services, and licenses production technologies. Neste has operations in 14 countries.
Syntroleum Corporation was a United States company engaged in development and commercialization of proprietary gas to liquids (GTL) and coal to liquids (CTL) processes known jointly as the Syntroleum Process. Renewable Energy Group acquired the company on June 3, 2014.
This article describes the use and availability of biodiesel in various countries around the world.
Biofuel development in India centres mainly around the cultivation and processing of Jatropha plant seeds, which are very rich in oil, ranging from 27 to 40%, and averaging 34.4%. The drivers for this are historic, functional, economic, environmental, moral and political.
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Biofuel is fuel that is produced from organic matter (biomass), including plant materials and animal waste. It is considered a renewable source of energy that can assist in reducing carbon emissions. The two main types of biofuel currently being produced in Australia are biodiesel and bioethanol, used as replacements for diesel and petrol (gasoline) respectively. As of 2017 Australia is a relatively small producer of biofuels, accounting for 0.2% of world bioethanol production and 0.1% of world biodiesel production.
Grays Harbor Biodiesel Plant is the second largest biodiesel production facility in the United States, with an annual capacity of 100 million US gallons (380,000 m3) per year. The facility is sited on a 12-acre (49,000 m2) parcel of land at the Port of Grays Harbor, Washington.
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Biodiesel is commercially available in most oilseed-producing states in the United States. As of 2023, it is less expensive than petroleum-diesel, though it is still commonly produced in relatively small quantities.
China has set the goal of attaining one percent of its renewable energy generation through bioenergy in 2020.
Imperium Renewables, Inc. was a renewable energy company based in Seattle, Washington. It is the parent company for Seattle Biodiesel and Imperium Hawaii in Oahu. The company was founded in 2004 by John Plaza.
Biogasoline is a type of gasoline produced from biomass such as algae. Like traditionally produced gasoline, it is made up of hydrocarbons with 6 (hexane) to 12 (dodecane) carbon atoms per molecule and can be used in internal combustion engines. However, unlike traditional gasoline/petroleum based fuels, which are mainly composed from oil, biogasolines are made from plants such as beets and sugarcane or cellulosic biomass- substances normally referred to as plant waste.
An aviation biofuel is a biofuel used to power aircraft and is a sustainable aviation fuel (SAF). The International Air Transport Association (IATA) considers it a key element in reducing the environmental impact of aviation. Aviation biofuel is used to decarbonize medium and long-haul air travel. These types of travel generate the most emissions, and could extend the life of older aircraft types by lowering their carbon footprint. Synthetic paraffinic kerosene (SPK) refers to any non-petroleum-based fuel designed to replace kerosene jet fuel, which is often, but not always, made from biomass.
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