REG introduces EnDura Fuels™, including the
latest innovation in biodiesel, and bolsters decarbonization
commitments for transport industry by fueling a more sustainable
future, today
Renewable Energy Group, Inc. (NASDAQ: REGI) (REG), a leading
bio-based diesel producer in North America, announced today the
introduction of a line of branded fuel solutions, EnDura Fuels™.
This branded product launch supports Renewable Energy Group’s
ongoing efforts to help the transport industry meet its
sustainability and business growth objectives, while strengthening
the Company’s position in the marketplace.
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The EnDura Fuels™ line consists of five bio-based diesel fuels
including Renewable Energy Group’s newest product, PuriD™, a
next-generation biodiesel. PuriD™ exceeds industry quality
standards and enables customers to blend PuriD™ into renewable
diesel at virtually any level and utilize higher biodiesel blends
with petroleum diesel year-round.
These solutions are helping the trucking, rail, marine, aviation
and other industries meet their sustainability targets through
cleaner burning, lower emission fuels. With advances in policy and
increasing consumer awareness and demand for carbon reduction,
fuels like biodiesel, renewable diesel and other renewable fuels
are an important element of business strategy for every
fuel-dependent entity. A recent study1 revealed that 91% of fleet
leaders feel significant pressure to set and meet aggressive
sustainability goals.
“At REG, we’re helping to redefine what’s possible with the
cleaner fuel solutions that we are unveiling, which allow us to
immediately serve our customers and the world as the clean energy
transition partner of choice,” said Cynthia (CJ) Warner, President
and CEO of Renewable Energy Group. “Bio-based diesel can play an
essential role in helping the entire transport industry reduce
carbon emissions, and our customers are already seeing great
success with our line of fuels, including our latest fuel
innovation, PuriD™, and our flagship product Ultra Clean
BlenD™.”
The transportation industry is responsible for 29%2 of all U.S.
carbon emissions, with trucking the largest contributor. Biodiesel
and renewable diesel generate the greatest reduction in fossil
carbon emissions, up to 100%, when compared with other alternatives
in the transportation sector.
EnDura Fuels™ Product Line:
REG introduced the following high quality, cleaner fuel brands
to the market:
InfiniD™
High-quality biodiesel for use in most
diesel applications
PuriD™
Next-generation biodiesel for use in
higher biodiesel blending year-round in most markets and for
blending with renewable diesel
VelociD™
Clean-burning, renewable diesel that can
be blended at almost any level
Ultra Clean BlenD™
100% renewable fuel made from a blend of
VelociD™ and PuriD™
BeyonD™
Low fossil carbon Sustainable Aviation
Fuel (SAF)
As part of the REG EnDura Fuels™ branded product launch, REG
hosted partners and clients, including Manchester United, J.B.
Hunt, Canadian National Railway Company (CN) and Booster for
discussions about the state of the renewable fuels industry today,
focusing on the vital role bio-based diesel can play in helping the
energy and transportation industries transition to clean-energy
solutions.
“Improving the environmental sustainability of our operations is
a key area of focus for our business,” said Craig Harper, Chief
Sustainability Officer and Executive Vice President for J.B. Hunt.
“Alternative fuels, such as the new EnDura Fuels™ branded product
line from REG, play a pivotal role in helping our organization and
industry reduce our carbon footprint. Today, more than 50% of all
fuel purchased by J.B. Hunt is a bio-blended diesel product.”
To learn more about Renewable Energy Group’s newest branded
product line, visit www.regi.com.
About Renewable Energy Group
Renewable Energy Group is leading the energy and transportation
industries’ transition to sustainability by converting renewable
resources into high-quality, sustainable fuels. Renewable Energy
Group is an international producer of sustainable fuels that
significantly lower greenhouse gas emissions to immediately reduce
carbon impact. Renewable Energy Group utilizes a global integrated
procurement, distribution and logistics network to operate 11
biorefineries in the U.S. and Europe. In 2021, Renewable Energy
Group produced 480 million gallons delivering 4.1 million metric
tons of carbon reduction. Renewable Energy Group is meeting the
growing global demand for lower-carbon fuels and leading the way to
a more sustainable future. For more information about REG and its
sustainable fuel solutions, visit regi.com.
Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, as amended, including statements regarding REG’s strategic
growth plans, activities to support the adoption of renewable fuels
by the transport industry, customer demand for low carbon fuels and
the attributes of the EnDura Fuels™. These forward-looking
statements are based on current expectations, estimates,
assumptions and projections that are subject to change, and actual
results may differ materially from the forward-looking statements.
Factors that could cause actual results to differ materially
include, but are not limited to, the failure of REG to achieve
their strategic growth plans, customer’s desire for clean fuel
options, the inability of customers to successfully blend fuels,
changing sustainability targets and consumer interest which could
reduce the need for lower carbon fuels, failure of legislative
efforts to promote renewable fuels, increased competition from
other low carbon fuel suppliers, changing standards applicable to
renewable fuels which may require different manufacturing processes
and requalification of our fuels, the availability and promotion of
electric vehicles, and other risks and uncertainties described in
REG’s annual report on Form 10-K for the year ended December 31,
2021 and subsequently filed Form 10-Q and other periodic filings
with the Securities and Exchange Commission. All forward-looking
statements are made as of the date of this press release and REG
does not undertake to update any forward-looking statements based
on new developments or changes in our expectations.
Third party trademarks are used herein and are the property of
their respective owners and may be used for identification
purposes.
_________________________________ 1
https://www.automotive-fleet.com/10155197/fleet-leaders-express-sustainability-concerns-in-samsara-survey
2
https://www.epa.gov/ghgemissions/sources-greenhouse-gas-emissions
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version on businesswire.com: https://www.businesswire.com/news/home/20220329006069/en/
Katie Stanley REG Katie.stanley@regi.com 515-357-9085
Renewable Energy (NASDAQ:REGI)
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