April 17, 2024

REG Newton received significant funds from farm bill

By Jamee A

Congressman Loebsack along with REG President Daniel J. Oh toured the newest addition to REG Newton, which will officially open mid-December. (Jamee A)

Biofuel producer Renewable Energy Group, Inc. received nearly $600,000 from the U.S. Department of Agriculture’s Advanced Biofuel Payment Program Congressman Dave Loebsack announced Tuesday. The funds were established in the 2008 farm bill to be used to support the production of advanced biofuels form sources other than corn kernel starch.

“The bioenergy program has been effective and important for building our industry,” said Daniel J. Oh, President and Chief Executive Officer of REG. “We very much appreciate Congressman Loebsack, Senator Grassley and Senator Harkin for their continuing support of the advanced biofuels industry that improves our energy security, food security and rural job security.”

REG Newton, 3426 E. 28th St. N., is a 30 million gallon per year, commercial scale, state-of-the-art biodiesel production facility that opened in 2006. Originally owned by Central Iowa Energy, LLC, REG and CIE consolidated in 2010 with REG becoming the sole owner/operator of the facility.

The facility converts natural fats, oils and greases into advanced biofuels and converts diverse feedstocks into renewable chemicals. REG has 10 active biorefineries across the country.

“Iowa is a leader in creating homegrown, clean energy sources like advanced biofuels and this investment will help strengthen that tradition,” Loebsack said. “Small businesses are the back bone of Iowa’s economy. I am proud that this investment in Iowa businesses will help create jobs and grow the economy.”

Two other Iowa biofuel producers received funds from the farm bill as well. Clinton County Bio Energy, LLC in Clinton received more than $16,000 and Iowa Renewable Energy, LLC in Washington received more than $50,000.

Contact Jamee A. Pierson at 641-792-3121 ext. 6534 or jpierson@newtondailynews.com.