AMES, Iowa–(BUSINESS WIRE)–Renewable Power Group (REG) (NASDAQ: REGI) fleet clients in Iowa, Washington, D.C. and Massachusetts are ramping up using B100 (100% biodiesel) of their fleets. By means of a partnership with Optimus Applied sciences, REG helps fleets obtain their sustainability objectives and attain near-zero emissions.
Biodiesel is a cleaner different to petroleum diesel that’s available in the present day. It’s appropriate to be used in any diesel engine, and works with present infrastructure, typically being blended at a degree of 20%, or B20. With Optimus’ new expertise, biodiesel is now capable of be utilized as B100.
REG helps fleets obtain their sustainability objectives with B100 not solely by offering B100 gas, but in addition by investing in infrastructure. REG is offering turnkey companies together with storage tanks, dispensers and logistics options that present a easy, low-cost complete carbon discount technique.
“Delivering sustainable gas on to clients is a key aspect of REG’s downstream technique and it’s thrilling to see the demand rising for B100,” stated Bob Kenyon, Senior Vice President, Gross sales & Advertising and marketing for REG. “It has been widespread prior to now to see fleets using blends of B5 to B20 of their fleets, however the functionality of providing B100 as a completed gas is a sexy decrease carbon gas answer for our clients.”
The B100 system from Optimus Applied sciences is an revolutionary and cost-effective strategy for fleets to enhance on their emissions targets, as REG biodiesel reduces carbon by as much as 88% in comparison with petroleum diesel.1 Autos are outfitted to run on B100 by a easy automobile add-on that works along side the traditional diesel automobile parts for distinctive efficiency. The system begins and shuts down the engine on typical diesel, working on 100% biodiesel solely after the automobile has reached optimum working circumstances. This enables fleets to function on B100 year-round.
“With extra fleets throughout the nation starting to develop their sustainability objectives, we really feel that the Optimus B100 System is an distinctive technique to meet these objectives and targets,” stated Colin Huwyler, CEO of Optimus Applied sciences. “Our B100 expertise is an answer that’s obtainable in the present day and doesn’t require fleets to attend to start implementing their sustainability plans.”
REG has seen nice buyer success with the B100 expertise within the Metropolis of Ames fleet, situated in REG’s hometown of Ames, Iowa. The Metropolis of Ames started using the B100 expertise in 2020 by a pilot challenge with 5 city-owned autos. The fleet skilled some tough climate circumstances this previous winter, together with a polar vortex that hit Iowa this February, inflicting floor temperatures to achieve -20°F. Regardless of these extraordinarily chilly circumstances, the Metropolis of Ames fleet continued to function efficiently on B100.
“It’s honest to say the primary yr our drivers had been cautiously optimistic about working B100 of their autos, significantly in the midst of a snowstorm. The very last thing they need is to be stranded someplace due to a gas problem,” stated Wealthy Iverson, Fleet Assist Supervisor for the Metropolis of Ames. “Now, after a yr of success, our drivers don’t assume twice about fueling up on B100 and getting out on the roads.”
Because of the success of the challenge, the Metropolis of Ames has added seven new all-purpose dump vehicles to the fleet, which built-in the B100 expertise into the automobile construct specs. By working these seven new vehicles, along with the 5 autos already working on B100, the Metropolis of Ames initiatives to save lots of effectively over 200 metric tons of carbon emissions in 2021.2 That is equal to greenhouse fuel emissions from roughly 500,000 miles pushed by a mean passenger automobile.
Throughout the nation in Washington, D.C., the Division of Public Works (DPW) has additionally piloted the B100 expertise. In 2018, they put in Optimus’ expertise on six rubbish and recycling vehicles. Since that point, they’ve been persevering with to develop B100 use inside their fleet, and may have over 100 vehicles working on B100 by the top of the yr.
“The rising use of B100 within the DPW fleet is partially to assist us attain our objective of fifty% greenhouse fuel emission reductions by 2032,” stated DPW Fleet Affiliate Administrator, Ryan Frasier. “Transferring ahead, our intention is to solely buy heavy-duty vehicles that function on B100 expertise.”
Along with rising using B100 with companions who’ve already piloted the B100 expertise, REG can also be shifting forward to get new companions using B100 expertise. Broco Oil, a residential, industrial and emergency fueling supplier within the Boston, Massachusetts space, is happy to start piloting B100 later this yr. A present buyer of REG, Broco Oil has historically bought biodiesel from REG to promote as blended Bioheat® gas to their clients. They intend to start by piloting 10 of their autos on B100 expertise, with hopes to develop B100 use sooner or later.
“We delight ourselves on the service and distinction that we offer to our clients, day in and time out,” stated Bobby Brown, Proprietor of Broco Oil. “By starting to function our autos on B100, we’re making a long-lasting distinction within the air high quality for the communities we serve.”
For extra info, contact REG at (844) 405-0160 or e mail [email protected].
About Renewable Power Group
Renewable Power Group, Inc., (Nasdaq: REGI) is main the vitality trade’s transition to sustainability by remodeling renewable assets into high-quality, cleaner fuels. REG is a world producer of cleaner fuels and North America’s largest producer of biodiesel. REG options are options for petroleum diesel and produce considerably decrease carbon emissions. REG makes use of an built-in procurement, distribution and logistics community to function 12 biorefineries within the U.S. and Europe. In 2020, REG produced 519 million gallons of cleaner gas delivering 4.2 million metric tons of carbon discount. REG is assembly the rising world demand for lower-carbon fuels and main the way in which to a extra sustainable future.
About Optimus Applied sciences
Optimus Applied sciences is a clear vitality expertise firm based mostly in Pittsburgh, Pennsylvania. Optimus manufactures The Vector System, a complicated gas system expertise that permits diesel engines to function on 100% biodiesel. The Vector System is designed for medium and heavy-duty fleet functions the place emissions reductions are difficult or not possible to realize in an economical method by different means. The Vector System integrates into current operations to facilitate a seamless transition to low-carbon fuels.
Optimus’ Vector System is in use with main municipal and personal fleets all through the nation enabling them to realize near-zero carbon emissions whereas lowering their gas and fleet working prices.
Ahead Wanting Assertion
This press launch incorporates forward-looking statements inside the that means of the Personal Securities Litigation Reform Act of 1995, together with statements referring to REG’s expectations concerning the anticipated cut-off date of the providing, and intentions with respect to using internet proceeds from the providing. These forward-looking statements are based mostly on present expectations and assumptions, are topic to alter, and precise outcomes might differ materially. Elements that might trigger precise outcomes to vary materially embrace these referring to satisfaction of circumstances to closing of the providing, REG’s means to acquire further or different financing to fund its capital expenditures, the truth that REG’s administration may have broad discretion in using the web proceeds from the providing and different dangers described in REG’s annual report on Type 10-Okay for the yr ended December 31, 2020 and every now and then within the REG’s different periodic filings with the SEC. All forward-looking statements are made as of the date of this press launch and REG doesn’t undertake to replace any forward-looking statements based mostly on new developments or modifications in our expectations.
Bioheat® is a registered trademark of the Nationwide Biodiesel Board and used with permission. Different third celebration marks or commerce names are used herein and are the property of their respective homeowners.
1REG calculations based mostly on CA-GREET Mannequin.
2 https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator
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