Renewable Energy Group, Inc. (REG) held a groundbreaking ceremony on Wednesday to celebrate the start of construction on the company’s renewable diesel expansion project at their Geismar site. The project will increase nameplate capacity from 75 million gallons per year to 340 million gallons per year.
“This improvement and expansion project is a strategically advantaged growth project and will position REG to continue our leadership in the renewable fuels industry,” said REG President and CEO, Cynthia Warner. “The push from investors and regulatory leaders for lower-carbon solutions is being met with greater pull from sustainability-minded consumers who want to reduce their carbon profiles now.”
The project is estimated to cost $950 million and is expected to mechanically complete by 2023 and fully operational in 2024. Once complete, fuel produced at the…
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