Renewable Energy Group Inc. (REG), a leading North American producer of advanced biofuels and developer of renewable chemicals, announced that its Danville, Ill., operation now has more than 14 million gal. of tank capacity to store both biodiesel and feedstocks.
REG Danville LLC recently purchased the tank complex at the adjacent Bunge Milling Inc. facility for approximately $1.5 million. The tanks are being connected to existing infrastructure at REG Danville and will increase the biorefinery's storage capacity by at least 950,000 gal. for feedstocks and by up to 12 million gal. for biodiesel.
“This is another strategic investment into REG Danville that gives us greater flexibility for moving and storing feedstocks and our high-quality biodiesel,” said Brad Albin, REG vice president, manufacturing. “This and the ongoing upgrades will allow us to better serve our customers and vendors along the value chain.”
In July 2015, REG began a separate, $31 million upgrade project at the multi-feedstock, 45 million gal.-nameplate capacity biorefinery that will add other logistics enhancements, along with biodiesel distillation capabilities.
Through this expansion and the purchase of the Bunge tanks, REG Danville has expanded its footprint around the original facility and now sits on nearly 30 acres. The upgrade project is scheduled to be completed later this year.
REG utilizes a nationwide production, distribution and logistics system as part of an integrated value chain model to focus on converting natural fats, oils and grease into advanced biofuels and converting diverse feedstocks into renewable chemicals. REG has 12 active biorefineries across the country, along with research and development capabilities and a diverse intellectual property portfolio.