CLOVIS, N.M.--(BUSINESS WIRE)--New Mexico’s largest B100 biodiesel terminal is set to open in July.
Biodiesel producer and marketer, Renewable Energy Group® (REG), recently announced it will establish a B100 wholesale terminal at its yet to be completed biodiesel plant near Clovis, New Mexico with product available beginning this July.
“Renewable Energy Group believes this new terminal infrastructure demonstrates our commitment to offering our customers better access to biodiesel blending locations throughout the Southwest and West,” the company President and CEO, Daniel J. Oh said. “We intend to complete construction of REG Clovis as a biodiesel production site, the timing of which depends on a variety of factors. Using the location as a terminal is an important initial step in the process to meet local market demand.”
The 15 million gallon per year (mmgy) biodiesel facility, known as REG Clovis, is approximately 40 percent complete. The company is converting the site’s liquid storage and truck load-out into a wholesale terminal for REG-9000® branded biodiesel sales via truck and rail.
To learn more about the facility, sign up for a virtual tour, create an account with REG or receive biodiesel pricing please visit http://www.regi.com/clovis
Biodiesel is a drop-in, advanced biofuel for use in any diesel engine application. REG-9000® branded biodiesel is produced from natural oils, fats and greases and meets or exceeds ASTM quality specifications for biodiesel.
Renewable Energy Group® is a leading North American biodiesel producer with a nationwide distribution and logistics system. Utilizing an integrated value chain model, Renewable Energy Group is focused on converting natural fats, oils and greases into advanced biofuels. With more than 210 million gallons of owned/operated annual production capacity at biorefineries across the country, REG is a proven biodiesel partner in the distillate marketplace.
For more than a decade, REG has been a reliable supplier of biodiesel which meets or exceeds ASTM quality specifications. We sell REG-9000® biodiesel to distributors so Americans can have cleaner burning fuels that help lessen our dependence on foreign oil. REG-9000® branded biodiesel is distributed in nearly every state in the U.S.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements about the completion of construction at REG Clovis. Actual results may vary materially due to a number of factors including, but not limited to, the risk of a loss or reduction of governmental requirements for the use of biofuel, a decrease in the spread between biodiesel prices and feedstock costs, loss or reduction of tax incentives for biodiesel production or consumption, as well as other risks that are detailed from time to time in REG’s SEC reports. REG is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. Information contained in our website is not incorporated by reference in, or made part of this press release.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50297208&lang=en