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REG Is Raking It In with Biodiesel

August 28, 2012 in Biodiesel by Rich Piellisch  |  No Comments

Net Income of $14 Million as Volumes Soar, Terminals Open

“It’s not a new industry anymore,” Renewable Energy Group president and CEO Dan Oh told F&F Friday, one week after REG’s second-quarter earnings report showed net income of $14.4 million for the first quarter, compared with a $948,000 loss for the first quarter of 2011. Company revenue grew 29%, to nearly $272 million, as gallons produced rose 30%, to 43 million.

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