Statement from REG President & CEO Daniel J. Oh on EPA’s Proposed 2014 Renewable Volume Obligations

“We are disappointed by the proposed numbers that are not consistent with the goals of the EPA, the White House, nor Congress when it created RFS2. Nevertheless, REG’s lower cost multi-feedstock business model, network of biorefineries and terminals, and strong position within the industry should allow us to continue to succeed as the markets inevitably adjust to reach a new equilibrium. The proposed numbers do not reflect the positive results the biodiesel industry has provided in terms of record production levels of advanced biofuels, job creation, rural economic development, energy and food security, and environmental benefits. We will continue to advocate with our industry partners for logical increases in the biomass-based diesel and overall advanced biofuel RVOs through the public comment period. Without such increases in the RVO our Nation will be deprived of present and obvious benefits.”