Renewable Energy Group Celebrates Minnesota Biorefinery Expansion - MarketWatch:
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Tuesday, August 27, 2013
Renewable Energy Group Celebrates Minnesota Biorefinery Expansion. Renewable Energy Group(R) REGI -1.64% celebrated completion of upgrades to its 30-million gallon biodiesel refinery in southern Minnesota with a ribbon cutting and visit by U.S. Senator Al Franken, along with state and local leaders. REG began the $21 million project last October to upgrade the Albert Lea biorefinery, which enables the plant to utilize multiple raw materials such as waste animal fats and greases and inedible corn oil, in addition to the refined vegetable oils the facility was originally built to process. The project was completed in June. "We completed the upgrades at REG Albert Lea on time and on budget," said Daniel J. Oh, Renewable Energy Group, Inc. President and Chief Executive Officer. "That is a testament to the hard work of our team and contractors." Within days of start-up, all biodiesel produced at Albert Lea met the company's REG-9000(R) quality specifications, which exceed the industry's ASTM B100 standard. Multi-feedstock biodiesel has been available at Albert Lea since June 19. The upgrade project supported between 70 and 80 construction jobs.- MarketWatch
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