Company type | Subsidiary |
---|---|
Nasdaq: REGI | |
Industry | Renewable energy industry |
Predecessor | West Central Cooperative |
Founded | 2006[1] |
Headquarters | Ames, Iowa, United States |
Key people | Cynthia Warner, President & CEO [2] |
Products | Biodiesel |
Revenue | $2.135 billion (2020) [3] |
$122.813 million (2020) [3] | |
Total assets | $1.461 billion (2020) [3] |
Number of employees | 900+ (US), 126 (Intl) (2017) [1] |
Parent | Chevron Corporation |
Website |
www |
Renewable Energy Group is a biodiesel production company headquartered in Ames, Iowa. The company operates 12 biorefineries and a feedstock processing facility. [4] As of 2018 [update], the company is a Fortune 1000 corporation. [5]
Renewable Energy Group began in 1996 as the biodiesel division of West Central Cooperative [6] [7] with the construction of a plant in Ralston, Iowa. In 2006, the company separated from West Central and moved its headquarters to Ames. [8]
In 2013, the company acquired Tulsa-based biofuels company Syntroleum Corporation amid that company's struggles for profitability. [9] In 2015 it acquired the assets of Grays Harbor, Washington-based biodiesel company Imperium Renewables. [10]
On February 28, 2022, the company announced they would be acquired by the California-based oil company Chevron Corporation. [11] On June 13, the acquisition was completed. [12]
Upon separation from West Central, the initial CEO of the company was Jeff Stroburg, succeeded in 2011 by Daniel Oh. [8] After Oh's abrupt and unexpected resignation in 2017, Reginald Howard became interim CEO, and was replaced in 2018 by Cynthia Warner. [13] [2]
In June 2001, the predecessor company's InterWest facility in Ralston exploded, leaving one man in critical condition. [14] [15]
The company's biofuels production facility in Geismar, Louisiana suffered from explosions in April and September 2015. [16] As a result of this explosion, Renewable Energy Group was cited with three "willful" safety violations and was fined $70,000 by OSHA. [17]
Company type | Subsidiary |
---|---|
Nasdaq: REGI | |
Industry | Renewable energy industry |
Predecessor | West Central Cooperative |
Founded | 2006[1] |
Headquarters | Ames, Iowa, United States |
Key people | Cynthia Warner, President & CEO [2] |
Products | Biodiesel |
Revenue | $2.135 billion (2020) [3] |
$122.813 million (2020) [3] | |
Total assets | $1.461 billion (2020) [3] |
Number of employees | 900+ (US), 126 (Intl) (2017) [1] |
Parent | Chevron Corporation |
Website |
www |
Renewable Energy Group is a biodiesel production company headquartered in Ames, Iowa. The company operates 12 biorefineries and a feedstock processing facility. [4] As of 2018 [update], the company is a Fortune 1000 corporation. [5]
Renewable Energy Group began in 1996 as the biodiesel division of West Central Cooperative [6] [7] with the construction of a plant in Ralston, Iowa. In 2006, the company separated from West Central and moved its headquarters to Ames. [8]
In 2013, the company acquired Tulsa-based biofuels company Syntroleum Corporation amid that company's struggles for profitability. [9] In 2015 it acquired the assets of Grays Harbor, Washington-based biodiesel company Imperium Renewables. [10]
On February 28, 2022, the company announced they would be acquired by the California-based oil company Chevron Corporation. [11] On June 13, the acquisition was completed. [12]
Upon separation from West Central, the initial CEO of the company was Jeff Stroburg, succeeded in 2011 by Daniel Oh. [8] After Oh's abrupt and unexpected resignation in 2017, Reginald Howard became interim CEO, and was replaced in 2018 by Cynthia Warner. [13] [2]
In June 2001, the predecessor company's InterWest facility in Ralston exploded, leaving one man in critical condition. [14] [15]
The company's biofuels production facility in Geismar, Louisiana suffered from explosions in April and September 2015. [16] As a result of this explosion, Renewable Energy Group was cited with three "willful" safety violations and was fined $70,000 by OSHA. [17]