New petroleum distribution division for REG

US-based Renewable Energy Group has launched a new division which will sell petroleum-based heating oil and diesel fuel, and enable the company to offer more biofuel blends.

REG Energy Services will sell heating oil and ultra-low sulfur diesel (ULSD) at seven terminals throughout the northeastern US as well as its BioHeat branded blended heating fuel at an existing REG terminal location.

‘REG Energy Services complements our advanced biofuel business as we optimise our fully integrated biodiesel business,’ says REG president Daniel Oh. ‘It allows us to offer more products, including more biofuel blends, while also expanding our customer base.”

The new company will be regionally headquartered in New Hampshire and led by Barry Knox, a long-time downstream petroleum distribution specialist.