Environmental Marine Frontrunner GoodFuels and Renewable Energy Group are Leading the Way to a More Sustainable Future
October 26 2021 - 9:00AM
Business Wire
As a key GoodFuels partner, Renewable Energy
Group is enabling the acceleration of sustainable biofuels for
maritime
GoodFuels, the world-leading supplier of sustainable marine
biofuels, and global producer and supplier of renewable fuels
Renewable Energy Group, Inc. (NASDAQ:REGI) (REG) have entered a
long-term agreement for the supply and development of sustainable
marine biofuel solutions for the global shipping industry.
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With REG’s expertise in biofuels and GoodFuels’ pioneering
strengths, both companies are playing an important role in enabling
the decarbonization efforts for shipping companies.
This announcement reinforces GoodFuels’ mission to become the
favored green fuel supplier for all shipping segments, and ambition
to scale up the production of advanced marine biofuels in the right
way using sustainable feedstocks.
For REG, the agreement is a clear signal of the company’s
mission to enable a cleaner world and reduce greenhouse gas
emissions. REG biofuels are making a real impact in the market
today by offering solutions for many transportation sectors,
including marine.
Bart Hellings, Chief Operating Officer at GoodFuels,
said: “At GoodFuels, we collaborate with impact-driven partners
to advance sustainable shipping with our instant decarbonization
solution. Our sustainable marine biofuels are in a prime position
to deliver on immediate-term climate goals, and are one of the only
options available on the market today. We have been closely working
with REG for several years, and we foresee a great future together
in accelerating the energy transition within shipping.”
Also commenting on the announcement, Raymond Richie, Vice
President and Managing Director, International Business at REG,
said: “We’re committed to supporting the shipping industry’s
decarbonization movement by working with GoodFuels to adopt and
develop sustainable marine biofuels. Our biofuels are making real
carbon reduction happen today and do not require users to make
significant changes or technology purchases. We look forward to
continuing our great partnership with GoodFuels.”
GoodFuels and REG will continue to expand the development and
delivery of advanced biofuels for the international shipping
industry.
Notes to editors
About GoodFuels
GoodFuels is a Netherlands based global pioneer in sustainable
marine fuels. The company has created a one-stop shop for marine
industry customers, integrating the entire supply chain for
sustainable marine biofuels. From feedstock to tank, GoodFuels’
proposition covers elements of sourcing feedstock and ensuring its
100% sustainability, the production, the global distribution,
quality assurance and marketing programs with ports, governments
and end clients. GoodFuels is part of the GoodNRG Group, which is
active under various labels and companies in sales, marketing,
trading, R&D and production of truly sustainable fuels for the
transport segments for which biofuels is one of the best or only
viable long-term alternative. Learn more about GoodFuels at
www.goodfuels.com.
About Renewable Energy Group
Renewable Energy Group, Inc. is leading the energy and
transportation industries’ transition to sustainability by
converting renewable resources into high-quality, sustainable
fuels. Renewable Energy Group is an international producer of
sustainable fuels that significantly lower greenhouse gas emissions
to immediately reduce carbon impact. Renewable Energy Group
utilizes a global integrated procurement, distribution and
logistics network to operate 12 biorefineries in the U.S. and
Europe. In 2020, Renewable Energy Group produced 519 million
gallons of cleaner fuel delivering 4.2 million metric tons of
carbon reduction. Renewable Energy Group is meeting the growing
global demand for lower-carbon fuels and leading the way to a more
sustainable future.
Forward Looking
Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements relating to, GoodFuels and REG leading
the way to a more sustainable future, enabling the acceleration of
sustainable biofuels for maritime, the decarbonization efforts for
shipping companies, a cleaner world, and reducing greenhouse gas
emissions, accelerating the energy transition within shipping,
REG’s commitment to supporting the shipping industry’s
decarbonization movement, including the lack of a requirement for
users to make significant changes or technology purchases,
GoodFuels and REG continuing to expand the development and delivery
of advanced biofuels for the international shipping industry and
REG meeting the growing demand for lower-carbon fuels and leading
the way to a more sustainable future. These forward-looking
statements are based on current expectations, estimates,
assumptions and projections that are subject to change, and actual
results may differ materially from the forward-looking statements.
Factors that could cause actual results to differ materially
include, but are not limited to, the success of our business plan,
market factors supporting biofuels and specifically, biofuels in
the shipping industry, the shipping industry’s desire to
decarbonize and other risks described in REG's annual report on
Form 10-K for the year ended December 31, 2020, quarterly reports
on Form 10-Q for the quarters ended March 31, 2021 and June 30,
2021, and from time to time in REG's other periodic filings with
the SEC. All forward-looking statements are made as of the date of
this press release and we do not undertake to update any
forward-looking statements based on new developments or changes in
our expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20211026005780/en/
Media Contact:
Renewable Energy Group Katie Stanley
Katie.stanley@regi.com
GoodFuels Sandra Baars
sandra@goodfuels.com
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