SAN MATEO, Calif., Nov. 10, 2021 /PRNewswire/ -- Booster, the
tech-enabled energy delivery service, and Renewable Energy
Group (REG) (NASDAQ:REGI), a leading producer and provider of
lower carbon fuels, today announced a first-of-its-kind partnership
to provide mobile delivery of renewable diesel, biodiesel and
blended fuels to fleets. The service started in California in August and has the potential to
grow nationally.
This new service will let fleets transition to much lower-emission
fuels with no equipment or infrastructure costs.
The Booster / REG collaboration makes low-carbon fuels more
accessible to clients, with convenient mobile fueling services
provided by Booster. As businesses and fleets look for more
sustainable solutions, REG's bio-based diesel is easy to adopt and
immediately begins reducing fossil carbon emissions. Under the new
partnership, REG UltraClean Blend™ and other renewable
and biodiesel fuels will be delivered to customers via Booster's
proprietary trucks, last-mile technology platform and certified
drivers.
"This new service will let companies seamlessly transition their
fleets to much lower-emission fuels with no equipment or
infrastructure costs," said Frank
Mycroft, CEO and co-founder, Booster. "Our partnership with
REG will provide fleet operators with an 'easy button' to solve
their sustainability, energy reliability and operational efficiency
needs. Combining Booster and REG capabilities also offers fleet
managers the data and intelligence required to meet increasingly
ambitious environmental standards and business optimization
targets."
As part of the partnership, REG will be an exclusive supplier of
bio-based diesel to Booster, and has become an investor in the
company. Booster will also be an exclusive mobile fueler to REG and
will partner with REG to explore expansion opportunities
together.
"This collaboration is a perfect match for us, bringing together
two innovative, sustainable solutions and building on our
downstream strategy to reach customers and provide a first-class
experience," said REG Senior Vice President, Sales & Marketing,
Bob Kenyon. "The energy transition
is happening and this is the right place and right time for
customers to adopt bio-based diesel and immediately reduce
emissions in an easy and efficient manner. Our investment in
Booster solidifies our commitment to enabling consumers with the
ability to access clean fuel choices."
Enterprise Holdings is a customer of Booster, and the company's
venture capital arm, Enterprise Holdings Ventures, is a Booster
investor. In addition, the company's affiliate, Enterprise Fleet
Management, partners with Booster to deliver fuel services to
small-to-medium sized fleets.
"We applaud Booster and REG for expanding service to include
diverse renewable products that help existing fleets reduce
environmental impact and realize their sustainability goals. This
innovation is an essential component to the important vehicle
decisions fleet operators make," said Brice
Adamson, Executive Vice President, Enterprise Fleet
Management.
The REG / Booster collaboration will initially focus on
servicing fleet customers in California, starting with the San Francisco Bay Area and Orange County, with additional markets to
follow.
For more information about the service and partnership, visit
the Booster and REG websites.
Press Kit Here
About Renewable Energy Group, Inc.
Renewable Energy
Group (REG) is leading the energy industry's transition to
sustainability by converting renewable resources into high-quality,
cleaner fuels. REG is an international producer of cleaner fuels
and one of North America's largest
producers of advanced biodiesel. REG solutions are alternatives for
petroleum diesel and produce significantly lower carbon emissions.
REG utilizes an integrated procurement, distribution and logistics
network to operate 12 biorefineries in the U.S. and Europe. In 2020, REG produced 519 million
gallons of cleaner fuel, delivering 4.2 million metric tons of
carbon reduction. REG is meeting the growing global demand for
lower-carbon fuels and leading the way to a more sustainable
future. For more information, visit regi.com.
About Booster
Booster is a tech-enabled mobile energy
delivery company providing a more sustainable fueling experience to
fleets and consumers. The company's proprietary mini-tankers
deliver energy directly to fleet and consumer customers to help
them save on costs and meet decarbonization goals. At the same
time, Booster's data insights help fleet managers optimize their
businesses. Booster has raised more than $108 million in funding from firms such as Invus
Opportunities, Conversion Capital, Enterprise Holdings Ventures,
Madrona Venture Group, Maveron, Perot
Jain, L.P., Total Carbon Neutrality Ventures and Vulcan
Capital. For more information, visit boosterusa.com.
Media Contact for Booster Fuels:
Jordan Valdés
jordan.valdes@trybooster.com
Media Contact for Renewable Energy Group:
Katie Stanley
katie.stanley@regi.com
Forward-Looking Statements
This press release
contains certain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, as amended,
including statements regarding REG's strategic growth plans,
customer demand for low carbon fuels and the strategic partnership
between REG and Booster. 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 failure of REG and Booster to achieve the goals of
their strategic partnership, customer's desire for clean fuel
options, and other risks and uncertainties described in REG's
annual report on Form 10-K for the year ended December 31, 2020 and subsequently filed Form
10-Q and other periodic filings with the Securities and Exchange
Commission. All forward-looking statements are made as of the date
of this press release and REG does not undertake to update any
forward-looking statements based on new developments or changes in
our expectations.
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SOURCE Booster Fuels, Inc