Renewable Energy Group Adds Ted Crosbie to Board of Directors – Yahoo Finance
While crude will continue to be the star, other sources of energy, such as renewable energy , will start to gain market share. A new energy balance will begin to take hold, and it will have less and less to do with crude. As I recently discussed , this new world will include a massive move into renewables like wind and solar power. But the truth is even bigger than that. This new era will be driven by a major move into biofuels as well. In fact, the projected future size of this market is nothing short of eye-opening… Old Paradigms and Limitations Are Irrelevant According to a recently released report entitled “Global Second Generation Biofuels – Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020,” the second generation, or “advanced,” global biofuels market is expected to reach $23.9 billion by 2020, registering a 49.4% compound annual growth rate ( CAGR ) between 2014 and 2020.
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EDF Renewable Energy’s Hereford Wind Project in Texas Becomes Operational; Project also Closed Financing from BNY Mellon and MUFG – Yahoo Finance
The decision to build the Hereford project in mid-2013 was critical to anchor EDF Renewable Energys 2014 and 2015 project pipeline. We leveraged the excellent development done by Lincoln Renewable Energy along with our financial and development strength with our first-tier equipment supplier and contractor relationships to successfully build the project on-time, commented Tristan Grimbert, President and CEO of EDF Renewable Energy. With the Hereford project in operation, the Groups installed capacity since entering the Texas market in 2012 reaches 672MW with another 394 MW in construction. Hereford Wind will generate enough electricity to power approximately 55,000 homes according to US Energy Environmental Protection Agency methodology avoiding approximately 375,000 metric tons of greenhouse gas emissions per year, the equivalent of the annual emissions from approximately 80,000 passenger vehicles.
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Prior to joining Monsanto, Crosbie was the President and Chief Executive Officer of ICI Seeds, USA from 1990 to 1995 after spending most of his career in plant breeding research as a graduate faculty member of Iowa State Universitys Agronomy Department. In 2013, Governor Branstad and the Iowa Innovation Corporation recognized him with a Lifetime Achievement Award for his contributions to economic development in the State of Iowa. Crosbies term of office expires at the Companys 2015 annual meeting of stockholders. About Renewable Energy Group Renewable Energy Group, Inc. is a leading North American advanced biofuels producer and developer of renewable chemicals. REG utilizes a nationwide production, distribution and logistics system as part of an integrated value chain model to focus on converting natural fats, oils and greases into advanced biofuels and converting diverse feedstocks into renewable chemicals. With 10 active biorefineries across the country, research and development capabilities and a diverse and growing intellectual property portfolio, REG is committed to being a long-term leader in bio-based fuels and chemicals.
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