REG Expands Biodiesel Sales
STREATOR, Ill. (DTN) -- Renewable Energy Group, Inc. said in a news release on Friday, Oct. 31, it is expanding its division that sells heating oil and petroleum diesel by offering additional biodiesel blends of up to 5%, 10% and 20% in New York, Minnesota and Iowa.
REG Energy Services, LLC will offer ultra-low sulfur heating oil and diesel blended with up to 20% biodiesel, or B20, at its New Hyde Park, N.Y., terminal. In addition, ULSD blended with biodiesel will be offered at Minnesota terminals in Alexandria, Mankato, Roseville, and Rochester, and at Iowa terminals in Mason City and Des Moines. This adds ULSD to REG's existing biodiesel offerings at those locations.
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This is the first time REG Energy Services will offer biodiesel fuel blends along the Magellan Midstream Partners terminal system in Iowa and Minnesota.
Iowa has a 4.5-cent-per-gallon incentive for retailers utilizing blends of 5% and above. Minnesota has a B5 requirement in the winter when using ULSD and B10, or 10% blend of biodiesel, during the summer months.
"This expansion of REG Energy Services provides further access to our fuel portfolio in the Northeast and Midwest markets where we will now offer biodiesel fuel blends in addition to REG-9000 biodiesel," said Gary Haer, REG vice president, sales and marketing.
REG now offers fuel at 34 locations across the United States.
Renewable Energy Group, Inc. is a North American advanced biofuels producer and developer of renewable chemicals. REG utilizes a nationwide production, distribution and logistics system as part of an integrated value chain model to focus on converting natural fats, oils and greases into advanced biodiesel and renewable diesel and converting diverse feedstocks into renewable chemicals with 10 active biorefineries across the U.S.
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