In the Q1, Renewable Energy Group Inc 's corporate clients experienced a deterioration by -22.96 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -6.16 %. During the corresponding time, Renewable Energy Group Inc recorded a revenue increase by 92.78 % year on year, sequentially revenue grew by 71.46 %. While revenue at the Renewable Energy Group Inc 's corporate clients fell by -3.87 % year on year, sequentially revenue grew by 1.28 %.
Customers of Renewable Energy Group Inc saw their costs of revenue deteriorate by -22.96 % in Q1 compare to a year ago, sequentially costs of revenue were trimmed by -6.16 %, for the same period Renewable Energy Group Inc recorded revenue increase by 92.78 % year on year, sequentially revenue grew by 71.46 %.
Renewable Energy Group Inc's Comment on Sales, Marketing and Customers
We have established a national distribution system to supply biomass-based diesel
throughout the United States. Each of our biomass-based diesel facilities is equipped
with an on-site rail loading system, a truck loading system, or both. Our Seneca
biorefinery near the Illinois River has direct barge access supplying customers
using the inland waterways system. Our Houston biorefinery has barge and deep-water
ship loading capability. Our Grays Harbor biorefinery has deep-water capability
for PANAMAX class vessels. We also manage some customers’ biomass-based
diesel storage tanks and replenishment process. In general, the terminals where
we lease our biomass-based diesel storage tanks are petroleum fuel terminals so
that fuel distributors and other biomass-based diesel customers can create a biomass-based
diesel blend at the terminal before further distribution. Terminal leases typically
have one- to three-year terms and are generally renewable subject to certain terms
and conditions.
Renewable Energy Group Inc’s Comment on Sales, Marketing and Customers
We have established a national distribution system to supply biomass-based diesel
throughout the United States. Each of our biomass-based diesel facilities is equipped
with an on-site rail loading system, a truck loading system, or both. Our Seneca
biorefinery near the Illinois River has direct barge access supplying customers
using the inland waterways system. Our Houston biorefinery has barge and deep-water
ship loading capability. Our Grays Harbor biorefinery has deep-water capability
for PANAMAX class vessels. We also manage some customers’ biomass-based
diesel storage tanks and replenishment process. In general, the terminals where
we lease our biomass-based diesel storage tanks are petroleum fuel terminals so
that fuel distributors and other biomass-based diesel customers can create a biomass-based
diesel blend at the terminal before further distribution. Terminal leases typically
have one- to three-year terms and are generally renewable subject to certain terms
and conditions.
Sources:
Renewable Energy Group Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Renewable Energy Group Inc’s corporate clients.
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