July 26, 2012 [MarketWatch] - Biodiesel producer and marketer Renewable Energy Group(R), announced Thursday it will offer biodiesel at the International-Matex Tank Terminals (IMTT) in Bayonne, N.J. in New York Harbor, one of the world's largest petroleum trading hubs.
REG Biodiesel Available at IMTT Terminal. This new location allows REG(R) to sell large volumes of biodiesel via barge or truck.
“The Northeast has an active biodiesel market and this terminal position allows us to provide more high quality REG-9000(R) biodiesel to better serve this growing market,” said Gary Haer, REG Vice President, Sales and Marketing.
“In conjunction with our five other terminal locations in New York and New Jersey, we will be able to provide a reliable and consistent supply of biodiesel to serve existing transportation fuel applications and barge business as well as the growing Bioheat(R) (heating oil blended with biodiesel) market in and around New York Harbor.”
The New York State Legislature recently passed a B2 biodiesel requirement in home heating oil. Once signed into law by the Governor, it will require all heating oil for use in any building within Nassau, Rockland, Suffolk and Westchester counties to contain at least two percent biodiesel, effective October 1, 2014.
On July 1, 2015, all heating oil sold for use in any building statewide will meet this standard. New York City already has a B2 biodiesel requirement for home heating oil in place.
