REG Posts Q2 Financials, Begins Geismar Renewable Diesel Plant Expansion
by Ron Kotrba (Biobased Diesel Daily) Renewable Energy Group Inc. has officially moved into the construction phase of its major renewable diesel plant expansion and improvement project in Geismar, Louisiana, the company announced in its second-quarter financials. REG said its board of directors has approved moving forward with construction and that the project is on track to be mechanically complete in 2023, with full operation underway in early 2024.
The expansion aspect of the project will nearly quadruple production capacity from 90 million gallons per year (mgy) to 340 mgy. Additionally, the project seeks to enhance existing operations and improve operational reliability and logistics. READ MORE