REG Grays Harbor, a wholly-owned subsidiary of Renewable Energy Group, secured an additional $5 million credit facility from Umpqua Bank to fund further capital expenditures and improvements at its 100 million gallon nameplate biodiesel refinery.

REG secured an initial $5 million non-revolving credit facility from Umpqua when the company acquired the biorefinery in August 2015. Of that line of credit, $4.5 million was used for capital improvements at the facility through July 2016.

“This new credit facility gives REG Grays Harbor additional capital to further enhance the plant’s capabilities and other continuous improvement projects,” said Chad Stone, REG CFO. “We appreciate the confidence Umpqua Bank has shown in REG more specifically in the operations at Grays Harbor and we are grateful for Umpqua’s support.”

“We have enjoyed our relationship with REG Grays Harbor as a corporate banking partner and are happy to be a part of the company’s growth,” said Richard Cabrera, EVP of Corporate Banking for Umpqua Bank. “Not only is the company a vibrant member of our business community, but also a role model for innovation by providing socially conscious and environmentally friendly renewable fuel.”