Renewable Energy Group (REG) has launched a new division that
will sell petroleum-based heating oil and diesel fuel,
thereby enabling the company to offer more biofuel blends,
the company said on Wednesday.
REG Energy Services will sell heating oil and ultra-low
sulfur diesel (ULSD) at seven terminals throughout the
northeastern US, as well as its BioHeat blended
heating fuel at an existing REG terminal location.
REG Energy Services complements our advanced biofuel
business as we optimize and grow our fully integrated
biodiesel business across North America, said REG chief
executive Daniel J. Oh. It allows us to offer more
products to our customers, including more biofuel blends,
while also expanding our customer base.
The new company will be regionally headquartered in
Portsmouth, New Hampshire and led by Barry Knox, a long-time
downstream petroleum distribution specialist.
Before joining REG, Knox served the last 14 years as chief
operating officer at Total Energy Solutions. Knox just
completed his term as a board member of the New England Fuel
Institute (NEFI), and the Massachusetts Energy Marketers
Association (formerly MOC), and was also a board member of
the National Oilheat Research Alliance (NORA).
REG Energy Services is now marketing heating oil and ULSD at
Citgo terminals in Albany, New York (Citgo/Glenmont), South
Portland, Maine, and Braintree, Massachusetts; at Motiva
terminals in Providence, Rhode Island, New Haven, Connecticut
and Newark, New Jersey, as well as the Sun Logistics terminal
BioHeat blended heating fuel in blends up to B20 is
also available from REGs location at the Dutch Hill
terminal in Clifton, New Jersey.