REG opens new US business for heating oil, diesel
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 in Newark.
BioHeat blended heating fuel in blends up to B20 is also available from REGs location at the Dutch Hill terminal in Clifton, New Jersey.
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