Business Description
We focus on providing cleaner, lower carbon intensity products and services.
We are North Americas largest producer of advanced biofuels. We utilize a nationwide
production, distribution and logistics system as part of an integrated value
chain model designed to convert natural fats, oils and greases into advanced
biofuels. We are also engaged in research and development efforts focused on
the conversion of diverse feedstocks into renewable chemicals.
We own and operate a network of 14 biorefineries. Twelve biorefineries are located
in the United States and two in Germany, and 13 of which produce biodiesel or
renewable hydrocarbon diesel and have an aggregate nameplate production capacity
of 502 million gallons per year, or mmgy. We also operate one microbial fermentation
facility in connection with our development of renewable chemicals and one feedstock
processing facility. We believe our fully integrated approach, which includes
acquiring feedstock, managing biorefinery facility construction and upgrades,
operating biorefineries, and distributing through a network of terminals, positions
us to serve the market for biomass-based diesel and other advanced biofuels
along with other products and services.
We are a lower-cost biomass-based diesel producer. We primarily produce our
biomass-based diesel from a wide variety of lower cost feedstocks, including
inedible corn oil, used cooking oil and inedible animal fat. We also produce
biomass-based diesel from virgin vegetable oils, which are more widely available
and tend to be higher in price. We believe our ability to process a wide variety
of feedstocks provides us with a cost advantage over many biomass-based diesel
producers, particularly those that rely primarily on higher cost virgin vegetable
oils, such as soybean oil or canola oil.
We are in the process of developing renewable chemicals through our development-stage
industrial biotechnology business, REG Life Sciences, which uses proprietary
microbial fermentation processes to produce renewable chemicals, fuels and other
products. Fatty acids are one of three product areas REG Life Sciences has focused
on, along with esters and alcohols.
We sell petroleum-based heating oil and diesel fuel, which enables us to offer
additional biofuel blends, while expanding our customer base. We sell heating
oil and ultra-low sulfur diesel, or ULSD, at terminals throughout the northeastern
U.S. as well as BioHeat® blended fuel at one of our existing Northeastern
terminal locations. We expanded our sales of additional biofuel blends to Midwest
terminal locations and look to potentially expand to other areas across North
America.
We acquired a 75 mmgy nameplate capacity renewable hydrocarbon diesel biorefinery
located in Geismar, Louisiana in June 2014.
In August 2015, we acquired our Grays Harbor facility, a 100 mmgy nameplate
biodiesel plant and terminal at the Port of Grays Harbor, Washington. This acquisition
expanded our production fleet to the west coast of the United States. The Grays
Harbor location includes 18 million gallons of storage capacity and a terminal
that can accommodate feedstock intake and fuel delivery on deep-water PANAMAX
class vessels as well as possessing significant rail and truck transport capabilities.
To date, the production facilitys primary feedstock has been canola oil sourced
nearby in the Pacific Northwest.
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