Renewable Energy Group, Inc. President & CEO Daniel J. Oh issued the following statement upon President Obama’s signing of legislation which contained a retroactive reinstatement of the $1 per gallon federal Biodiesel Mixture Excise Tax Credit from January 1 through December 31, 2014:
“The biomass-based diesel industry has proven that it provides substantial benefits for energy security, food security, job creation and our environment. We are appreciative to see the reinstatement of the biodiesel tax credit for 2014 and grateful to all the lawmakers who worked to get it done because they understand how those benefits far outweigh any cost of the tax credit. REG will strive to continue being a good steward of the monies we receive from this worthwhile incentive.”
About Renewable Energy Group
Renewable Energy Group, Inc. is a leading 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 biofuels and converting diverse feedstocks into renewable chemicals. With 10 active biorefineries across the country, research and development capabilities and a diverse and growing intellectual property portfolio, REG is committed to being a long-term leader in bio-based fuels and chemicals.
For more than a decade, REG has been a reliable supplier of advanced biofuels which meet or exceed ASTM quality specifications. REG sells REG-9000™ biomass-based diesel to distributors so consumers can have cleaner burning fuels that help diversify the energy complex and increase energy security. REG-9000™ biomass-based diesel is distributed in most states in the US. REG also markets ultra-low sulfur diesel and heating oil in the northeastern and midwestern US. For more information on REG visit our website at www.regi.com.
