Revenues of Renewable Energy Group Inc's Suppliers, deteriorated by -1.26 % compared to the same quarter a year ago, from the previous quarter, sales fell by -3.96 %, Renewable Energy Group Inc recorded an increase in cost of sales by 4 % year on year, relative to one quarter ago cost of sales fell by -15.65 % in Q1.
Renewable Energy Group Inc's Suppliers realized a deteriorated in sales by -1.26 % compared to the same quarter a year ago, from the previous quarter, sales fell by -3.96 %, Renewable Energy Group Inc recorded increase in cost of sales by 4 % year on year, compare to one quarter ago cost of sales fell by -15.65 % in Q1.
Renewable Energy Group Inc's Comment on Supply Chain
We procure our feedstocks from numerous vendors in quantities ranging from truckload
to railcar to water vessel to pipeline. There is no established futures market
for lower cost feedstocks. Inedible corn oil is typically purchased in nearby
forward positions of one to three months, and occasionally longer, on fixed priced
contracts. We generally purchase used cooking oil and rendered animal fats on
one to four week forward positions using fixed pricing or an indexed price compared
to a published index such as USDA reports or recognized industry price reports
such as The Jacobsen or Informa. Soybean and canola oils can be purchased on a
spot or forward contract basis from a number of suppliers and pricing for these
vegetable oils is compared to the broadly traded Soybean Oil Index of the Chicago
Mercantile Exchange (CME).
From time to time, we work with developers of next generation feedstocks, such
as algae and camelina, to assist them in bringing these new feedstocks to market.
We have converted several of these feedstocks, as well as other second generation
feedstocks, into high quality biomass-based diesel in our laboratory and production
facilities. We believe we are well positioned to incorporate many new feedstocks
into our production process as they become commercially available.
We procure methanol, chemical catalysts used in our production process such as
sodium methylate and hydrochloric acid, under fixed-price contracts and formula-indexed
contracts based upon competitive bidding. These procurement contracts typically
last from three months to one year. The price of methanol is indexed to the monthly
reported published price such as the JJ&A Methanol report or Southern Chemical
(SSC) report.
Renewable Energy Group Inc's Comment on Supply Chain
We procure our feedstocks from numerous vendors in quantities ranging from truckload
to railcar to water vessel to pipeline. There is no established futures market
for lower cost feedstocks. Inedible corn oil is typically purchased in nearby
forward positions of one to three months, and occasionally longer, on fixed priced
contracts. We generally purchase used cooking oil and rendered animal fats on
one to four week forward positions using fixed pricing or an indexed price compared
to a published index such as USDA reports or recognized industry price reports
such as The Jacobsen or Informa. Soybean and canola oils can be purchased on a
spot or forward contract basis from a number of suppliers and pricing for these
vegetable oils is compared to the broadly traded Soybean Oil Index of the Chicago
Mercantile Exchange (CME).
From time to time, we work with developers of next generation feedstocks, such
as algae and camelina, to assist them in bringing these new feedstocks to market.
We have converted several of these feedstocks, as well as other second generation
feedstocks, into high quality biomass-based diesel in our laboratory and production
facilities. We believe we are well positioned to incorporate many new feedstocks
into our production process as they become commercially available.
We procure methanol, chemical catalysts used in our production process such as
sodium methylate and hydrochloric acid, under fixed-price contracts and formula-indexed
contracts based upon competitive bidding. These procurement contracts typically
last from three months to one year. The price of methanol is indexed to the monthly
reported published price such as the JJ&A Methanol report or Southern Chemical
(SSC) report.
REGI's Suppliers Net Income grew by
REGI's Suppliers Net margin grew in Q1 to
48.51 %
3.32 %
REGI's Suppliers Net Income grew by 48.51 %
REGI's Suppliers Net margin grew in Q1 to 3.32 %
Renewable Energy Group Inc's Suppliers Sales Growth
in Q1 2019 by Industry
Sources:
Renewable Energy Group Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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