Renewable Energy Group, Inc. has announced that the Company's Danville, Illinois operation now has more than 14 million gallons of tank capacity to store both biodiesel and feedstocks.
REG Danville, LLC recently purchased the tank complex at the adjacent Bunge Milling, Inc. facility for approximately $1.5 million. The tanks are being connected to REG Danville's existing infrastructure and will increase the biorefinery's storage capacity for feedstock by at least 950,000 gallons and biodiesel by up to 12 million gallons.
"This is another strategic investment into REG Danville that gives us greater flexibility for moving and storing feedstocks and our high quality biodiesel," said Brad Albin, Vice President, Manufacturing. "This and the ongoing upgrades will allow us to better serve our customers and vendors along the value chain."
In July 2015, REG began a separate $31 million upgrade project at the multi-feedstock 45-million gallon nameplate capacity biorefinery that will add other logistics enhancements along with biodiesel distillation capabilities. Through this expansion and the purchase of the Bunge tanks, REG Danville has expanded its footprint around the original facility and now sits on nearly 30 acres. The upgrade project is scheduled to be completed later this year.