Why Aren’t First Gen Biofuel Companies Making Money?

Jim Lane On October 8th, Renewable Energy Group (REGI), the leading US biodiesel producer, announced unexpectedly that it now expects to report Adjusted EBITDA ranging from a loss of $2 million to a loss of $7 million. The company’s prior guidance for Adjusted EBITDA was a gain of $10 million to $15 million. The company expects to report gallons of biodiesel sold in a range of 60 to 63 million, compared to prior guidance of 55 to 60 million. The good news REG CEO Daniel Oh said that “Despite these fluctuations in our markets, we remain optimistic about...
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