Chemicals & Materials

Renewable Energy Group

Company Profile Analysis

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Renewable Energy Group - Chemicals & Materials showcase

Year Founded & Workforce

2005-12-31

1,093 Employees

Industry

Chemicals & Materials

Services

R

Renewable Energy Group Overview

Company Headquarters: Iowa, United States

Founded: 2006

Workforce: ~1,093

Company Working: Renewable Energy Group is a manufacturer and developer of biofuels and renewable chemicals (REG). As a component of an integrated value chain model for turning natural fats, oils, and greases into advanced biofuels, the company concentrated on distribution, production, and logistics systems. Services, Corporate and other, and Biomass-based Diesel are some of its operating segments. The sale of biomass-based diesel accounts for the lion's share of the business's earnings. Natural fats, oils, and greases are transformed into biofuels and renewable chemicals in its biorefineries. Using a range of feedstocks, including unusable animal fat, wasted cooking oil, unusable corn oil, and virgin vegetable oils, REG creates biomass-based diesel. Via third parties, it offers petroleum-based heating oil, diesel fuel, blended fuel, and ultra-low sulphur diesel for sale. Geographically, it operates in the US, Germany, and other foreign nations, with the US generating the majority of the revenue.

Strategy

Renewable Energy Group places a high priority on the team members, communities, and clients that the company works with. The organization strives to maintain uniformity throughout its whole operation while operating abroad. From sourcing to delivery, the organization always puts the safety and integrity of its operations first. The business has a well-established safety culture that empowers and expects employees to help it achieve its aim of having no workplace accidents or incidents. In the end, the business understands that all of the locations it operates in and the people that interact with it are crucial to our success. At the Chevron Renewable Energy Group, safety is a top priority. From sourcing through the gasoline production process to delivery to its clients and the related office support services, it is at the forefront of all they do.

Company Snapshot

$2.62M

Revenue

1,093

Employees

2005-12-31

Founded

Iowa, United States

Headquarters

SWOT Analysis

Strengths

  • Strong dealer community
  • Automation of activities brought consistency of quality to Renewable Energy Group, Inc. products and has enabled the company to scale up and scale down based on the demand conditions in the market.

Weaknesses

  • Need more investment in new technologies. Given the scale of expansion and different geographies the company is planning to expand into
  • Higher energy and raw material prices are negatively impacting production costs

Opportunities

  • The new technology provides an opportunity to Renewable Energy Group, Inc. to practices differentiated pricing strategy in the new market.
  • Rising Government's initiatives towards Net Zero Target

Threats

  • Vulnerable to development of new substitution products
  • Uncertainties in the form of commodities price risk, credit risk, foreign exchange risk and interest rate risk

Key Developments

DateApproachDevelopment
AcquisitionChevron Completes Acquisition of Renewable Energy Group: Chevron Corporation (NYSE: CVX) completed its previously announced acquisition of Renewable Energy Group, Inc. (NASDAQ: REGI) (REG) following approval by REG stockholders.
AcquisitionRenewable Energy Group Acquires Northern California Distributor Dawson Oil Company: Chevron Renewable Energy Group announced today the acquisition of Dawson Oil Company, a bulk fuel distributor and cardlock owner, located in Northern California. Dawson Oil is a full solution provider, offering diesel, gasoline, DEF and lubricants.

Product Offering

  • Renewable Energy Group
    • Carbon-Neutral Fuels

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles Renewable Energy Group as part of our ongoing coverage of the Chemicals & Materials sector, drawing on public company data, filings, and market intelligence.

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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
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Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
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We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Renewable Energy Group

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