38 • OIL
&
ENERGY
Profiles
LEADING BIODIESEL PRODUCER REG
ANNOUNCES NEW YORK HARBOR
TERMINAL POSITION AGREEMENT
Biodiesel producer and marketer
Renewable Energy Group
®
, Inc., announced
recently it will offer biodiesel at the Inter-
national-Matex Tank Terminals (IMTT) in
Bayonne, N.J. in New York Harbor, one of
the world’s largest petroleum trading hubs.
This new location allows REG
®
to sell large
volumes of biodiesel via barge or truck.
“The Northeast has an active biod-
iesel market and this terminal position
allows us to provide more high quality
REG-9000
®
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 con-
sistent supply of biodiesel to serve existing
transportation fuel applications and barge
business as well as the growing Bioheat
®
(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 andWestchester 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.
IMTT is a full service complex located
at the junction of Kill van Kull River and
Upper New York Harbor, just 10 miles
south of Manhattan.
“REG will grow our current biodiesel
marketing capabilities by utilizing IMTT’s
terminal with deep water access to mul-
tiple barge and ship berths,” said Dave
Elsenbast, REG Vice President, Supply
Chain Management. “This is a major step in
our strategy to grow volume in this region
of the country.”
TACO ANNOUNCES 6+1 PROMOTION
In plenty of time to get ready for heating
season, Taco recently announced a great
deal on residential hydronic components.
The 6+1 promotion, which runs from
August 15 to October 30, is designed to cut
costs for installers looking to get a jump
on the cold weather while upgrading the
performance and safety of any system.
For every six 3-Speed Circulators and/
or Zone Sentry Zone Valves purchased,
installer buyers will receive one free Taco
4900 Air Separator or Taco Low Water
Cutoff. Purchases can be made in any com-
bination of six to qualify. The free product
will be supplied by the wholesaler at the
time of sale. For more information, visit
.
AVATAS PAYMENT SOLUTIONS
ANNOUNCES TWO NEW PARTNERSHIPS
AVATAS Payment Solutions, a pioneer
in reducing payment processing expenses
for the heating fuels industry, recently
announced newly formed partnerships
with iRely Software and ARM Solutions.
These business partnerships will provide
valuable services that support AVATAS
clients’ success.
iRely Software delivers technology
driven strategies to a variety of industries,
including the petroleum distribution
market. AVATAS clients will benefit from
iRely’s expertise in credit management
and integration with major card fueling
networks.
AVATAS also joined forces with ARM
Solutions, a collection agency that focuses
on accounts receivable management. ARM
Solutions offers our clients the opportunity
to reduce delinquent accounts receivables
to maximize recoveries.
DAN DONOVAN TO RETIRE FROM
STAR GAS; COO STEVE GOLDMAN
WILL BECOME NEW PRESIDENT
Star Gas Partners, L.P., a home energy
distributor and services provider special-
izing in heating oil, recently announced
that Dan Donovan, the Partnership’s
President and Chief Executive Officer, will
retire effective the end of its current fiscal
year, September 30, 2013. Mr. Donovan
will remain a member of Star’s Board of
Directors and provide his services on a con-
sulting basis for the next two fiscal years.
Concurrent with his retirement, Steve
Goldman, Star’s Chief Operating Officer,
will become President and Chief Executive
Officer.
“After 42 years within the industry –
including 33 excellent years with Star and
its predecessor companies – I would now
like to spend more time with my family,”
said Donovan. “It has been an honor to
work with such an esteemed team and
an incredible organization, and I look
forward to assisting Steve and the Board as
they take on new challenges in the years
to come.”
“We wish Dan well in retirement and
appreciate the many years of dedicated
leadership he has provided – essentially
building the Partnership into what it is
today,” added Paul Vermylen, Chairman.
“We also look forward to his continued role
on the Board and as a consultant while, at
the same time, we are confident that Steve
is the right choice to become Star’s next
CEO, given his strong experience, man-
agement skills, and unique understanding
of our customers and industry. We wish
him the best as Star continues to grow,
evolve, and deliver the best service in our
markets.”
“I am excited by the opportunity to
lead Star through its next level of expan-
sion,” commented Goldman. “I know
we will continue to embrace the strong
values instilled during Dan’s tenure and
not waiver in our determination to grow
our newer service offerings, particularly
in the propane area. Working with Star’s
dedicated staff, whom I know so well,
we’ll make this a seamless transition and
continue to deliver excellent customer
service, strong financial results, and value
for our unit-holders.”
