15 November 2013 20:56 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Renewable Energy Group (REG) announced on Friday the opening of its new barge loading facility at the company's biorefinery in Seneca, Illinois.
REG celebrated the first barge shipment of 420,000 gal of biodiesel from the multi-feedstock, 60m gal/year nameplate capacity plant located by the Illinois River.
The barge loading facility will be supported by the addition of 2.5m gal of new terminal storage, the company said.
REG's total investment in these upgrades is about $4.5m (€3.3m).
"The barge berth at REG Seneca further enhances our lower-cost, efficient business model," said Daniel Oh, CEO of REG.
Biodiesel is also shipped from Seneca by truck and rail.
REG also has barge and deepwater ship loading capability at its biorefinery in Houston, Texas, and its New York Harbour terminal location at the IMTT facility in Bayonne, New Jersey, according to the company.
REG owns and operates eight biodiesel refineries in four states with a combined annual nameplate production capacity of 257m gal.
"Every full barge that leaves Seneca equates to about 65 truckloads of biodiesel," said Brad Albin, REG executive. "This not only increases efficiencies but expands the geography and customer base we can cover through the inland waterways system."
The Seneca barge facility marks the fourth major project completion or announcement of a new project by REG in the last three months.
A multi-feedstock upgrade was recently completed at the biorefinery in Albert Lea, Minnesota.
Late last month, REG opened the 30m gal biodiesel plant Mason City, Iowa, that it had acquired in July 2013.
Biodiesel is an alternative fuel, produced from renewable resources. The most commonly used feedstocks are rapeseed, soy and palm oil.
($1 = €0.74)
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