Renewable Energy Group (REG) has released its new 2021 environmental, social and governance (ESG) report.
REG outlined that as the world transitions to clean energy solutions, the company is playing a critical role in the advancement of decarbonisation of liquid fuels.
The new report showcases the company’s 2021 ESG performance.
Highlights include the fact REG produced 480 million gallons of bio-based diesel, which generated 4.1 million metric tons of carbon reduction.
78% of feedstocks used to make products for REG were sourced from waste and residual streams.
The company issued $550 million (€526 million) of “green bonds” to finance the expansion of REG’s Geismar, Louisiana biorefinery and broke ground on the expansion and improvement project.
The company set a corporate record for safety performance with an industry leading 0.23 OSHA incident rate.
It also increased board diversity with new appointees.
Finally, it enhanced sustainability reporting to increase alignment to the Sustainability Accounting Standards Board (SASB) standard for the biofuels industry.
Source: https://biofuels-news.com/news/
Tags: Bio-based, Clean Energy, ESG, Liquid Fuels, REG
Recent Posts
Govt urges sugar industry to diversify into green fuels
Cement sector must innovate to achieve net-zero emissions
India’s ethanol production capacity reaches 1,685 crore liters
Sembcorp bags first solar plus energy storage project in India
Wärtsilä to power world’s largest cement carrier for NovaAlgoma
Ethanol sourcing from sugar mills to be less this season
Centre grants approval for 47 ethanol projects in Bihar
China builds seawater hydrogen production project