January 19, 2012

Glycerin glimpse in REG's IPO

Do you know why the blog is interested in this $100m initial public offering (IPO) by America's largest biodiesel producer Renewable Energy Group (REG)?

Because aside from biodiesel, REG is also a major producer of crude glycerin, the chemical by-product of biodiesel manufacturing (10:1 ratio meaning a 10 lb biodiesel will yield 1 pound crude glycerin). Crude glycerine is usually used in the animal feed market or can be refined or purified for higher-value applications such as in pharmaceuticals, soaps, cosmetics, food and beverages. In fact there are probably over 1,500 different uses of glycerol, according to industry players.Glycerol is structurally analogous to sugars.
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