REGI - Renewable Energy unveils sustainable fuels partnership with Booster

Renewable Energy Group (REGI -0.9%) and tech-enabled energy delivery service Booster unveil a "first-of-its-kind partnership" to provide mobile delivery of renewable diesel, biodiesel and blended fuels to fleets. The companies say the new service will let fleets transition to much lower-emission fuels with no equipment or infrastructure costs. Renewable Energy will be an exclusive supplier of bio-based diesel to Booster, and has become an investor in the company. Booster will be an exclusive mobile fueler to Renewable Energy and partner with the company to explore expansion opportunities together. The collaboration will initially focus on servicing fleet customers in California, starting with the San Francisco Bay Area and Orange County, with additional markets to follow. Renewable Energy recently reported below-consensus Q3 GAAP earnings but revenues reached $1B.

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Renewable Energy unveils sustainable fuels partnership with Booster