Renewable Energy Group, Inc. - REGI STOCK NEWS

Renewable Energy Group (NASDAQ: REGI) has launched EnDura Fuels™, a line of bio-based diesel fuels aimed at enhancing sustainability in the transport industry. The product line features five offerings, including PuriD™, designed to exceed industry standards and support higher biodiesel blends throughout the year. With transportation contributing to 29% of U.S. carbon emissions, these innovations are pivotal for businesses to achieve sustainability targets. REG hosted industry partners to discuss the importance of biofuels in the clean energy transition.

Renewable Energy Group (REGI) reported Q4 2021 revenues of $882 million, a 60.9% increase year-over-year, with a net income of $52 million ($1.03 per share). Full-year revenues reached $3.2 billion, an increase of 51.8%, and net income available to common stockholders was $212 million, or $4.44 per share. REG reduced carbon emissions by 4.1 million metric tons in 2021. The company also announced the acquisition of Amber Resources and strategic partnerships to enhance fuel distribution and sustainability.

Chevron has announced an agreement to acquire Renewable Energy Group, Inc. (REGI) for $3.15 billion in cash, equating to $61.50 per share. This strategic acquisition aims to enhance Chevron's renewable fuels production capacity, targeting 100,000 barrels per day by 2030. The deal is expected to be accretive to earnings and free cash flow in the first year after closing, with additional resources to accelerate growth. REG's CEO, Cynthia Warner, is anticipated to join Chevron's Board of Directors following the transaction, which is expected to close in H2 2022, pending shareholder and regulatory approvals.

Renewable Energy Group (NASDAQ:REGI) will release its Q4 and full-year 2021 financial results on March 1, 2022, before market open. A conference call with CEO Cynthia Warner and CFO Craig Bealmear will follow at 8:30 a.m. ET. Interested investors can join the call using the provided numbers and passcode. The company is known for converting renewable resources into sustainable fuels, significantly reducing greenhouse gas emissions. REGI operates 11 biorefineries across the U.S. and Europe and produced 519 million gallons of cleaner fuel in 2020, achieving a carbon reduction of 4.2 million metric tons.

Renewable Energy Group (NASDAQ: REGI) and Bunker Holding Group have established a strategic partnership aimed at enhancing the marine market for sustainable bio-based diesel in North America and Europe. This collaboration seeks to utilize REG’s expertise in biofuels to tap into the estimated 70 billion-gallon marine market, promoting cleaner energy sources and aiding in carbon emission reductions. Initial trials of biodiesel blends B20 and B30 are underway. Both companies aim to play a pivotal role in the shipping industry's transition to sustainable energy.

Renewable Energy Group (REGI) will construct a new pretreatment facility in Emden, Germany, enhancing its capability to refine low carbon intensity waste fats and oils for bio-based diesel. The project is set to boost production using advanced feedstocks, aligning with the Renewable Energy Directive (RED) II. REGI currently generates 50 million gallons of biodiesel annually, contributing significantly to carbon reduction efforts in Europe. The facility is expected to be operational by year-end 2023, further solidifying REGI's position in the European low-carbon fuel market.

Renewable Energy Group, Inc. (REGI) has acquired Amber Resources, LLC, enhancing its downstream strategy in California's clean energy sector. The acquisition adds over 60 million gallons/year of diesel sales and a strong lubricants business as a Shell Prestige distributor. This move is expected to be immediately accretive to earnings and aligns with REG's growth strategy, expanding its footprint in a renewable-focused market. REG aims to optimize commercial operations while advancing customer decarbonization goals.

Renewable Energy Group, Inc. (NASDAQ: REGI) expressed satisfaction with the EPA's proposed Renewable Volume Obligations for 2022, indicating growth in biomass-based diesel and advanced categories. CEO Cynthia Warner highlighted the increasing demand for renewable fuels and anticipated capacity expansions in renewable diesel production. The company supports EPA's decision to deny 65 small refiner exemption requests, emphasizing the industry's potential for emissions reduction, job creation, and contributions to sustainable agriculture. The organization continues to lead the transition to lower-carbon fuels across the U.S. and Europe.

Renewable Energy Group (NASDAQ:REGI) will attend virtual investor conferences on December 1 and December 6, 2021. On December 1, they will participate in two fireside chats: one at the Morgan Stanley Energy & Clean Tech Symposium at 2:00 PM ET and another at the Bank of America Securities Leveraged Finance Conference at 4:30 PM ET. Additionally, they will attend the Credit Suisse Climate Tech and Start-up Forum on December 6. REGI, a leading producer of advanced biodiesel, aims to support the global demand for cleaner fuels.