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REGI Renewable Energy Group Inc

61.50
0.00 (0.00%)
01 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Renewable Energy Group Inc NASDAQ:REGI NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 61.50 67.66 58.43 0 01:00:00

Phillips 66, Renewable Energy Group Withdraw Renewable Diesel Project in Washington State

21/01/2020 2:14pm

Dow Jones News


Renewable Energy (NASDAQ:REGI)
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By Michael Dabaie

 

Phillips 66 (PSX) and Renewable Energy Group Inc. (REGI) said they discontinuing their joint effort to construct a large-scale renewable diesel plant in Ferndale, Washington.

The companies said the project was canceled due to permitting delays and uncertainties.

The companies said the 250 million gallon per year project was unveiled in the fall of 2018.

"While we believe the Ferndale Refinery is a strategic fit for this renewable diesel project, permitting uncertainties were leading to delays and higher costs," said Robert Herman, Phillips 66 executive vice president of refining.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

January 21, 2020 08:59 ET (13:59 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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