AMES, Iowa, Nov. 01, 2016 (GLOBE NEWSWIRE) -- When Renewable Energy Group (NASDAQ:REGI) built the 12 million gallon continuous flow biorefinery in Ralston, IA in 2001, REG was a division of the former West Central Cooperative (now Landus Cooperative). The plant was then the largest biodiesel refinery in America. Over time, as REG grew into an independent company and became North America's largest biomass-based diesel producer, the Ralston facility became the company's smallest nameplate capacity. However, that is about to change.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/07fa7856-2447-4429-a29d-bed49a5c9722 REG announced plans for its first biorefinery capacity expansion today-a $24 million investment to increase REG Ralston's annual nameplate production capacity to 30 million gallons. The company will hold a groundbreaking ceremony for the project on Tuesday, November 8 with Iowa Governor Terry Branstad as the featured speaker. "Ralston is where it all began for REG and the experience and lessons we have learned, and are still learning, have helped our company grow into what it is today," said Daniel J. Oh, President and CEO. The REG Ralston expansion announcement comes on the heels of Landus Cooperative expanding their adjacent soy crush operation. "On behalf of our farmer-owners, we look forward to finalizing plans with REG for their expansion as another way to add value to our soybeans via oil utilization at the Ralston biorefinery," said John Scott, an Odebolt, Iowa farmer and President of the Landus Cooperative Board of Directors.