Biodiesel


Renewable Energy Group Releases Statement Regarding Reinstatement of Federal Biodiesel Mixture Excise Tax Credit

Date Posted: December 22, 2014

Ames, Iowa— Renewable Energy Group, Inc. (NASDAQ: REGI) President & CEO Daniel J. Oh issued the following statement upon President Obama’s signing of legislation which contained a retroactive reinstatement of the $1 per gallon federal Biodiesel Mixture Excise Tax Credit from January 1 through December 31, 2014:

“The biomass-based diesel industry has proven that it provides substantial benefits for energy security, food security, job creation and our environment.

"We are appreciative to see the reinstatement of the biodiesel tax credit for 2014 and grateful to all the lawmakers who worked to get it done because they understand how those benefits far outweigh any cost of the tax credit.

"REG will strive to continue being a good steward of the monies we receive from this worthwhile incentive.”

For more information, please contact Anthony Hulen at 703-822-1972 or [email protected]

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