Inactive Instrument

Renewable Energy Group, Inc.

REGI

US75972A3014

Renewable Energy Group CEO Says White House Meeting Affirms Biodiesel Not an Issue in RFS Discussion

March 02, 2018 at 07:21 am EST

WASHINGTON, March 02, 2018 (GLOBE NEWSWIRE) -- Renewable Energy Group, Inc. (NASDAQ:REGI) President and CEO Randy Howard said he was very pleased with how President Donald Trump expressed his continued support for renewable fuels Thursday at a White House meeting where at least one thing was made very clear---there is no problem with biodiesel.


	Renewable Energy Group, Inc. President & CEO Randy Howard attended a meeting at the White House with President Trump and other biofuels leaders.

Howard joined other top biofuel company executives who met with the President, Vice President Pence, EPA Administrator Scott Pruitt, and some petroleum refiners to discuss the Renewable Fuel Standard.

“My first priority in meeting President Trump was to thank him for his support of American renewable fuels and his commitment to the RFS,” said Howard. “I believe he appreciates how biodiesel and other biofuels benefit American job growth and agriculture, especially in the current downturn in the farm economy. The President understood that RIN prices go down with continued growth of biofuel volumes. Then, it was made abundantly clear by all parties in the room that none of them have an issue with biodiesel’s role in the RFS. I look forward to continuing the dialogue with the Administration to help us all achieve future biodiesel growth.”

About Renewable Energy Group

Renewable Energy Group, Inc. (NASDAQ:REGI) is a leading provider of cleaner, lower carbon intensity products and services. We are an international producer of biomass-based diesel, a developer of renewable chemicals and are North America's largest producer of advanced biofuel. REG utilizes an integrated procurement, distribution, and logistics network to convert natural fats, oils, greases, and sugars into lower carbon intensity products. With 14 active biorefineries, a feedstock processing facility, research and development capabilities and a diverse and growing intellectual property portfolio, REG is committed to being a long-term leader in bio-based fuel and chemicals.

Media Contact
Anthony Hulen
Executive Director, Corporate Affairs
(703) 822-1972
Anthony.Hulen@regi.com

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/202399e9-5ca2-4fe2-81de-1eba1c70f3d3

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Company Profile

Renewable Energy Group, Inc. is focused on providing cleaner, lower carbon transportation fuels. The Company is a global producer and supplier of renewable fuels, such as biodiesel and renewable diesel, renewable chemicals and other products. Its segments include Bio-based Diesel, Services segment and Corporate and other. The Bio-based Diesel segment processes waste vegetable oils, animal fats, virgin vegetable oils and other feedstocks into bio-based diesel. Bio-based Diesel segment also includes the Company's purchases and resales of bio-based diesel produced by third parties. The Services segment offers services for managing the construction of bio-based diesel production facilities and managing ongoing operations of third-party plants and collects fees related to the services provided. The Corporate and Other segment includes trading activities related to petroleum-based heating oil and diesel fuel, including the petroleum portion of sales of biodiesel with petroleum-based diesel.

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Renewable Fuels

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