Renewable Energy Group, Inc. - REGI STOCK NEWS

Renewable Energy Group, Inc. (Nasdaq: REGI) reports that its Geismar, Louisiana renewable diesel plant remained undamaged after Hurricane Ida. All employees are safe, and the facility's recommissioning is underway, with production set to ramp up as utilities become available. The company emphasizes its commitment to sustainable fuels and highlights its significant contributions to reducing greenhouse gas emissions. In 2020, REGI produced 519 million gallons of cleaner fuel, achieving a carbon reduction of 4.2 million metric tons.

Renewable Energy Group, Inc. (REGI) has issued a statement regarding its renewable diesel plant in Geismar, Louisiana, following Hurricane Ida. CEO Cynthia Warner emphasized the safety of employees and the community, noting that the plant was safely shut down to ensure security ahead of the storm. Assessments of personnel safety and equipment condition are currently underway.

REGI is committed to leading the transition to sustainable fuels, operating 12 biorefineries across the U.S. and Europe, and delivering significant reductions in carbon emissions.

International-Matex Tank Terminals (IMTT) has announced a significant renewable fuels project at its Geismar, Louisiana terminal. This project will involve the construction of six new storage tanks, two pipelines, and dock infrastructure to handle biodiesel and renewable diesel, nearly doubling the terminal’s capacity. Backed by a long-term contract with Renewable Energy Group (REG), this expansion will support REG’s biorefinery, increasing its production capacity to 340 million gallons annually. The project is expected to create over 300 new jobs in Louisiana.

Renewable Energy Group (NASDAQ:REGI) will attend several virtual investor conferences. On August 16, 2021, the management will participate in the Beating Wall Street Virtual Financial Growth and Value Summer Investor Series, holding one-on-one meetings with institutional investors. On August 18, 2021, at 1:00 PM ET, they will present at the Piper Sandler Energy Transition Leaders Summit in Aspen, Colorado, alongside in-person meetings. Lastly, on September 8, 2021, at 11:20 AM ET, they will present at the Cowen Virtual Global Transportation and Sustainable Mobility Conference.

Renewable Energy Group (REGI) reported Q2 2021 revenues of $816 million, a 50.1% increase year-over-year, with net income of $79 million, recovering from a loss of $2 million in Q2 2020. Adjusted EBITDA soared to $103 million from $6 million in the previous year. The company announced an expansion at its Geismar, Louisiana refinery, set for completion by early 2024. The project will boost production capacity from 90 million to 340 million gallons at an estimated cost of $950 million. REG also initiated a partnership with Manchester United to promote renewable fuels.

Manchester United (NYSE:MANU) has formed a global partnership with Renewable Energy Group (NASDAQ:REGI) to enhance environmental sustainability. The collaboration aims to raise awareness of biofuel products and encourage eco-friendly practices among Manchester United's vast fanbase. Manchester United has already reduced its annual emissions by 2,700 tonnes since 2008. Renewable Energy Group, recognized for its commitment to cleaner fuels, produced 519 million gallons of sustainable fuel in 2020, achieving a carbon reduction of 4.2 million metric tons. This partnership reflects both organizations' commitment to combating climate change.

Manchester United (NYSE:MANU) has announced a global partnership with Renewable Energy Group (NASDAQ:REGI) focused on enhancing environmental sustainability. This collaboration aims to raise awareness of renewable fuels and promote environmental change among the club's global fanbase. Since initiating a carbon reduction program in 2008, Manchester United has cut its annual emissions by 2,700 tonnes. The club and Renewable Energy Group will work together to further reduce their carbon footprint and advocate for a cleaner planet through innovative low-carbon solutions.

Renewable Energy Group (NASDAQ:REGI) will announce its Q2 2021 financial results post-market on August 4, 2021. The following day, August 5, at 8:30 a.m. ET, a conference call will be held featuring CEO Cynthia Warner and CFO Craig Bealmear. Investors can join the call by dialing the designated numbers or via a webcast on the company's Investor Relations site. REG is at the forefront of sustainable energy, producing advanced biodiesel and significantly reducing carbon emissions, with 519 million gallons of cleaner fuel produced in 2020.

Renewable Energy Group (REGI) has completed a private offering of $550 million in 5.875% senior secured notes due 2028. The net proceeds, approximately $538 million, will finance eligible green projects, including the expansion of REG's Geismar, Louisiana biorefinery. The notes will mature on June 1, 2028, with provisions for early redemption starting June 1, 2024. This private placement is intended for qualified institutional buyers under specific exemptions from the Securities Act.