Renewable Energy Group celebrates Minnesota biorefinery expansion
Monday, Aug 26, 2013
Renewable Energy Group® (NASDAQ: REGI) celebrated completion of upgrades to its 30-million gallon biodiesel refinery in southern Minnesota with a ribbon cutting and visit by U.S. Senator Al Franken, along with state and local leaders.
“This expansion of REG's biorefinery has not only created jobs, but also will contribute to reducing our reliance on foreign oil and keeping our environment clean. I congratulate REG on its upgrade and for its efforts to keep our state on the forefront of this important industry.”
REG began the $21 million project last October to upgrade the Albert Lea biorefinery, which enables the plant to utilize multiple raw materials such as waste animal fats and greases and inedible corn oil, in addition to the refined vegetable oils the facility was originally built to process. The project was completed in June.
“We completed the upgrades at REG Albert Lea on time and on budget,” said Daniel J. Oh, Renewable Energy Group, Inc. President and Chief Executive Officer. “That is a testament to the hard work of our team and contractors.”
Within days of start-up, all biodiesel produced at Albert Lea met the company’s REG-9000® quality specifications, which exceed the industry’s ASTM B100 standard. Multi-feedstock biodiesel has been available at Albert Lea since June 19. The upgrade project supported between 70 and 80 construction jobs.
REG initially constructed the facility for SoyMor in 2005 before acquiring it in 2011. With the recent acquisition of the former SoyEnergy, LLC plant in nearby Mason City, Iowa, REG now has 8 active biorefineries in 5 states with a combined annual production capacity of more than 255 million gallons.
“With these upgrades, REG Albert Lea stands ready to supply more high-quality biodiesel in Minnesota as the state prepares to increase its blending from B5 to B10,” Oh said. “Minnesota is one of a growing number of states that recognize how biodiesel helps make us more energy secure and environmentally sustainable.”
Source: Business Wire