Renewable Energy Group to Conduct Strategic Review of REG Life Sciences Activities

Renewable Energy Group’s (NASDAQ:REGI) Board of Directors yesterday
authorized a review of strategic alternatives for its Life Sciences
subsidiary, which is developing renewable chemicals and fuels using a
proprietary microbial fermentation process. The strategic review process
will be comprehensive and focused on the best path to maximize
shareholder value.

Over the last three years under REG ownership, the Life Sciences
subsidiary has advanced its technology, increased the number of
potential products that can be made from the technology and expanded its
intellectual property portfolio.

“REG Life Sciences recently announced its first commercial product,”
said Daniel J. Oh, REG’s President and Chief Executive Officer. “We
believe now is the right time to review strategic alternatives for Life
Sciences in order to generate value from this investment. The REG Board
of Directors and management are committed to delivering value for our
shareholders, and today's announcement underscores our stated objective
to optimize our portfolio.”

There can be no assurance that the strategic review will result in any
specific action or transaction. REG does not intend to provide updates
concerning this strategic review process until its Board of Directors
has approved a specific action or REG has otherwise determined that
further disclosure is appropriate.

About Renewable Energy Group

Renewable Energy Group, Inc. is a leading provider of cleaner, lower
carbon intensity products and services and is North America’s largest
producer of biomass-based diesel. REG utilizes a nationwide production,
distribution and logistics system as part of an integrated value chain
model to focus on converting natural fats, oils and greases into
advanced biofuels and converting diverse feedstocks into renewable
chemicals. With 12 active biorefineries across the country, research and
development capabilities and a diverse and growing intellectual property
portfolio, REG is committed to being a long-term leader in bio-based
fuels and chemicals.

For more than a decade, REG has been a reliable supplier of advanced
biofuels which meet or exceed ASTM quality specifications. REG sells
REG-9000 biomass-based diesel to distributors so consumers can have
cleaner burning fuels that help diversify the energy complex and
increase energy security. REG-9000 biomass-based diesel is distributed
in most states in the US. REG also markets ultra-low sulfur diesel and
heating oil in the northeastern and midwestern US. For more information
on REG visit our website at www.regi.com.

Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including statements relating to the REG’s review of strategic
alternatives for its Life Sciences subsidiary with a view to benefiting
shareholders. These forward-looking statements are based on current
expectations and assumptions, are subject to change, and actual results
may differ materially. Factors that could cause actual results to differ
materially include that REG’s strategic review may not result in any
specific action or transaction, that any strategic alternative pursued
by REG may not result in an increase in shareholder value and other
risks and uncertainties described from time to time in REG's annual
report on Form 10-K for the year ended December 31, 2015, quarterly
reports on Form 10-Q and other periodic filings with the Securities and
Exchange Commission. All forward-looking statements are made as of the
date of this press release and REG does not undertake to update any
forward-looking statements based on new developments or changes in our
expectations.

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