Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Fiscal year maturity schedule

Commitments

In October 2020, the Company announced that it planned to expand the effective capacity of its Geismar, Louisiana biorefinery. The Geismar project brings together the planned improvement and expansion project for the existing site. The Geismar project is expected to take total site production capacity from 90 mmgy to 340 mmgy, enhance existing operations and improve operational reliability and logistics. The expansion is expected to be mechanically complete in 2023 with full operations in early 2024. The capital cost for the Geismar project is estimated to be $950,000. The Company has received all required permits to proceed with construction and officially broke ground to start the construction process in the fourth quarter of 2021. The Company has entered into construction, marine terminal lease, which is expected to commence in August 2023, and other long-lead time contracts for the project. Currently the estimated total future commitments under these contracts on an undiscounted basis amount to approximately $500,856.

The following table outlines the future contract commitments related to the executed contracts noted above as at December 31, 2021.

	Constructions Commitments		Minimum Lease Commitments		Total Commitments
2022	$	121,716	$	—	$	121,716
2023	51,988		9,083		61,071
2024	156		21,800		21,956
2025	—		21,800		21,800
2026	—		21,800		21,800
Thereafter	—		252,513		252,513
Total	$	173,860	$	326,996	$	500,856

The Company has entered into various contracts for supplies of hydrogen, nitrogen, utilities and feedstocks for various REG production facilities. The following table outlines the minimum take or pay requirement related to the hydrogen, nitrogen, utilities and feedstocks at December 31, 2021.

2022	$	2,976
2023	4,984
2024	12,911
2025	12,048
2026	12,048
Thereafter	142,568
Total	$	187,535