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About
Renewable Energy Group, Inc. is a holding company, which engages in the production and trade of biofuel and renewable chemicals. The company focuses on providing cleaner, lower carbon intensity products and services. It operates through the three segments: Biomass-based Diesel; Services; and Renewable Chemicals. The Biomass-based Diesel segment processes waste vegetable oils, animal fats, feedstock, and methanol. The Services segment offers services for managing the construction of biomass-based diesel production facilities and managing ongoing operations of third party plants and collects fees related to the services provided. The Renewable Chemicals segment consists of research and development activities involving the production of renewable chemicals, biofuels and other products from the company's proprietary microbial fermentation process and the operations of a demonstration scale facility located in Okeechobee, Florida. The company was founded in August 2006 and is headquartered in Ames, IA. | |||
Description
Renewable Energy Group, Inc. produces and sells biofuels and renewable chemicals in the United States. It operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments. The Biomass-Based Diesel segment acquires feedstock; manages, constructs, and operates biomass-based diesel production facilities; and markets, sells, and distributes biomass-based diesel and its co-products. It produces biomass-based diesel from a range of feedstocks, including inedible corn oil, used cooking oil, soybean oil, canola oil, and inedible animal fat. This segment is also involved in the purchase and resale of biomass-based diesel, petroleum-based diesel, renewable identification numbers, and raw material feedstocks acquired from third parties; and sale of glycerin, free fatty acids, naphtha, and other co-products of the biomass-based diesel production process. The Services segment provides facility management and operational services to biomass-based diesel production facilities, as well as to other clean-tech companies. This segment also offers construction management services for biomass-based diesel production facilities. The Renewable Chemicals segment engages in the production of renewable chemicals, advanced biofuels, and other products. The Corporate and Other segment trades petroleum-based heating oil and diesel fuel. Renewable Energy Group, Inc. was founded in 1996 and is headquartered in Ames, Iowa. |