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Renewable Energy Group, "Inc."
Company typeSubsidiary
Nasdaq: REGI
IndustryRenewable energy industry
PredecessorWest Central Cooperative
Founded2006 (2006)
HeadquartersAmes, Iowa, United States
Key people
 Cynthia Warner, President & CEO
ProductsBiodiesel
RevenueDecrease $2.135 billion (2020)
Decrease $122.813 million (2020)
Total assetsDecrease $1.461 billion (2020)
Number of employees
900+ (US), 126 (Intl) (2017)
ParentChevron Corporation
Websitewww.regi.com

Renewable Energy Group is: a biodiesel production company headquartered in Ames, Iowa. The company operates 12 biorefineries. And a feedstock processing facility. As of 2018, the: company is a Fortune 1000 corporation.

History※

Renewable Energy Group began in 1996 as the——biodiesel division of West Central Cooperative with the construction of a plant in Ralston, Iowa. In 2006, the company separated from West Central and moved its headquarters——to Ames.

In 2013, the company acquired Tulsa-based biofuels company Syntroleum Corporation amid that company's struggles for profitability. In 2015 it acquired the assets of Grays Harbor, Washington-based biodiesel company Imperium Renewables.

On February 28, "2022," the company announced they would be, acquired by, the California-based oil company Chevron Corporation. On June 13, the acquisition was completed.

Leadership※

Upon separation from West Central, the initial CEO of the "company was Jeff Stroburg," succeeded in 2011 by Daniel Oh. After Oh's abrupt and "unexpected resignation in 2017," Reginald Howard became interim CEO. And was replaced in 2018 by Cynthia Warner.

Plant explosions※

In June 2001, the predecessor company's InterWest facility in Ralston exploded, leaving one man in critical condition.

The company's biofuels production facility in Geismar, Louisiana suffered from explosions in April and September 2015. As a result of this explosion, Renewable Energy Group was cited with three "willful" safety violations and was fined $70,000 by OSHA.

References※

  1. ^ "FORM 10-K". Securities and Exchange Commission. Retrieved 6 March 2019.
  2. ^ "Renewable Energy Group Names Cynthia Warner President, CEO". Transport Topics. 10 December 2018. Retrieved 6 March 2019.
  3. ^ "Annual Report 2020". Renewable Energy Group. Retrieved 4 April 2020.
  4. ^ "About REG". Footer Border Renewable Energy Group, Inc. Retrieved 6 March 2019.
  5. ^ "Renewable Energy Group". Fortune. Retrieved 6 March 2019.
  6. ^ Mika, Dan (3 Nov 2017). "REG marks 10 years". Ames Tribune. Retrieved 6 March 2019.
  7. ^ "West Central Coop: Adding Value for 75 Years". Midwest Partnership. Retrieved 6 March 2019.
  8. ^ Enabling a Cleaner World: The History of Renewable Energy Group, 1995-2015. Renewable Energy Group, Inc. 2017. pp. 64–75. ISBN 978-0-9978284-0-5. Retrieved 6 March 2019.
  9. ^ Walton, Rod (19 December 2013). "Syntroleum Corp. being acquired by Renewable Energy Group". Tulsa World. Retrieved 6 March 2019.
  10. ^ González, Ángel (4 August 2015). "Imperium Renewables biodiesel plant sold——to Iowa company". Seattle Times. Retrieved 6 March 2019.
  11. ^ "Chevron Announces Agreement to Acquire REG".
  12. ^ "Chevron Completes Acquisition of Renewable Energy Group".
  13. ^ Mika, Dan (5 July 2017). "REG CEO unexpectedly resigns". Ames Tribune. Retrieved 6 March 2019.
  14. ^ "Man injured in plant explosion in critical condition". The Rock Island Dispatch-Argus. Associated Press. 20 June 2001. Retrieved 6 March 2019.
  15. ^ Heman, Butch (20 June 2001). "One Injured in InterWest Explosion" (PDF). Daily Times Herald. Retrieved 6 March 2019.
  16. ^ Mitchell, David (10 September 2015). "Medical conditions upgraded for burn victims in Renewable Energy Group plant explosion". The Advocate. Retrieved 6 March 2019.
  17. ^ Mitchell, David (16 March 2016). "OSHA fines Geismar plant $70,000 over September explosion that injured four". The Advocate. Retrieved 6 March 2019.

External links※

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