REGI - Renewable Energy Bunker Holding partner to advance U.S. EU biodiesel

Renewable Energy Group (NASDAQ:REGI) and marine fuels supplier and trader Bunker Holding say they entered into a strategic collaboration agreement to develop the U.S. and European Union marine markets for sustainable bio-based diesel. The agreement will focus initially on opportunities in North America and Europe, where trials of B20 and B30 are being run in high-traffic regions of both continents. Renewable Energy says the deal extends its efforts to expand product offerings into the ~70B-gallon global marine market and is "a clear signal of the company's mission to enable a cleaner world and reduce greenhouse gas emissions." "Biodiesel is a stop-gap arrangement during the transition from fossil fuel to greener energy sources in transport, [whose] demand will not be permanent," Rohit Acharya writes in a bearish analysis posted on Seeking Alpha.

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Renewable Energy, Bunker Holding partner to advance U.S., EU biodiesel