August 30, 2021
BY International-Matex Tank Terminals
International-Matex Tank Terminals LLC is pleased to announce its next major project in the renewable fuels space. Consistent with our desire to build infrastructure to support our customers’ low-carbon fuels strategy, IMTT will build additional tanks, pipeline, and dock infrastructure at its Geismar, Louisiana marine terminal to handle renewable feedstocks and renewable products, including renewable diesel, biodiesel and other products.
Backed by a long-term contract with Renewable Energy Group Inc., the project will support REG’s nearby biorefinery expansion, which is expected to be completed in 2023, bringing aggregate production capacity of finished renewable diesel products to 340 million gallons per year.
Advertisement
Advertisement
The expansion of IMTT’s Geismar terminal will include the construction of six new storage tanks to be used for the storage of biodiesel, renewable diesel, and feedstocks, nearly doubling the terminal’s current storage capacity. IMTT will also construct two pipelines and related dock and loading infrastructure to support REG’s biorefinery expansion. With the addition of this project, IMTT expects to be connected via pipeline to nearly one-third of the nation’s renewable diesel production capacity (currently under construction) as of 2023.
“We are thrilled to continue to grow our guaranteed cash flows by investing in long-term relationships with market-leading counterparties. Additionally, projects like this further extend our participation and know-how into the growing low-carbon and alternative fuels markets. These investments are a perfect complement to our legacy business,” said Carlin Conner, IMTT CEO.
“We are proud to partner with IMTT in making this capacity expansion, which supports our ability to deliver lower carbon fuels to our customers in an efficient and sustainable manner,” said REG CEO CJ Warner. “The launch of this project is a significant milestone for IMTT and REG as we collectively grow our renewable offerings in Geismar.”
Advertisement
Advertisement
REG’s Geismar facility was the first large-scale renewable diesel biorefinery built in the United States and was acquired by REG in 2014. REG is North America’s largest producer of biodiesel and an industry-leading producer of renewable diesel. The expansion of REG’s biorefinery in Geismar is expected to be a robust driver of economic activity for Ascension Parish and the state of Louisiana, supporting over 300 new direct and indirect jobs.
The U.S. EPA on July 8 hosted virtual public hearing to gather input on the agency’s recently released proposed rule to set 2026 and 2027 RFS RVOs. Members of the biofuel industry were among those to offer testimony during the event.
The USDA’s Risk Management Agency is implementing multiple changes to the Camelina pilot insurance program for the 2026 and succeeding crop years. The changes will expand coverage options and provide greater flexibility for producers.
EcoCeres Inc. has signed a multi-year agreement to supply British Airways with sustainable aviation fuel (SAF). The fuel will be produced from 100% waste-based biomass feedstock, such as used cooking oil (UCO).
The USDA’s National Agricultural Statistics Service on June 30 released its annual Acreage report, estimating that 83.4 million acres of soybeans have been planted in the U.S. this year, down 4% when compared to 2024.
SAF Magazine and the Commercial Aviation Alternative Fuels Initiative announced the preliminary agenda for the North American SAF Conference and Expo, being held Sept. 22-24 at the Minneapolis Convention Center in Minneapolis, Minnesota.