Iowa-based Renewable Energy has closed on the deal to buy all of the assets of a renewable diesel plant owner. REG was able to finalize the deal when a majority of Syntroleum shareholders voted to approve the asset sale to REG. The assets acquired from Syntroleum include a 50% ownership interest in Dynamic Fuels, LLC, which owns a 75 million …
Biodiesel Maker REG Making $125 Mil Public Offering
Biodiesel giant Renewable Energy Group, Inc. (REG) intends to make a $125 million public offering. This company news release says proceeds will be used to help pay for its stake in a recently acquired renewable diesel plant in Louisiana. REG intends to use approximately $100 million of the net proceeds from this offering to replace the letter of credit that …
Biodiesel Producer Certain Uncertainty Will End
The manager of a biodiesel refinery from the Nation’s largest biodiesel producer believes the uncertainty in the green fuel’s future will disappear. I caught up with Bryan Christjansen, a general manager for Renewable Energy Group’s Albert Lea, Minn. and Mason City, Iowa plants, shortly after a news conference where several biodiesel producers joined with a group of U.S. senators to …
Biodiesel Producers, Farmers Take to The Hill
Biodiesel producers and farmers who raise the feedstocks for the biodiesel industry took to Capitol Hill this week, joining a group of U.S. Senate Democrats in their calls to end policy uncertainty that is hurting their industry. “The uncertainty caused by these policy setbacks in Washington, with this proposed retreat on biodiesel volumes under the Renewable Fuels Standard (RFS) and …
REG Biodiesel Sales Up But Revenues Down
Sales and production of biodiesel are up for Iowa-based Renewable Energy Group (REG), but revenues have taken quite a hit. The latest information from the biodiesel behemoth shows during the first quarter of 2014 sales were up 22 percent compared to a year earlier, along with a 5 percent increase in production. But REG also reports a revenue drop of …
REG Sells One Billion Gallons of Biodiesel
Congratulations to our friends at Renewable Energy Group, Inc., as they have sold one billion gallons of biodiesel! The Iowa-based biodiesel behemoth thanked a lot of people who helped them reach this milestone of the company’s 17-year history. “On behalf of the board of directors and employees of REG, I want to say thank you to all of our customers; …
Analysis: Surviving Without Biodiesel Tax Credit
While the expiration of the federal $1-per-gallon biodiesel tax credit (BTC) has been pretty tough on the industry this year, some biodiesel makers could survive without it. This analysis from The Motley Fool, a website that looks at investments, points to how biodiesel giant Renewable Energy Group and renderer and renewable diesel maker Darling International have business models that seem …
Biodiesel Giant Gets Into Petroleum Distribution
The country’s biggest biodiesel maker is getting into the petroleum distribution business. This news release from Renewable Energy Group (REG) says it has launched a new division that will sell petroleum-based heating oil and diesel fuel, which will also give the company a chance to offer more biofuel blends. REG Energy Services, LLC will sell heating oil and ultra-low sulfur …
REG Making $13.2 Million Upgrade to Biodiesel Plant
Renewable Energy Group, Inc. (REG) is making a $13.2 million improvement to one of its Iowa biodiesel plants. The Ames, Iowa-based biodiesel giant, already the country’s biggest producer of the green fuel, broke ground on the improvements at its Newton biodiesel refinery. “This investment shows our continuing confidence in biodiesel for the long-term,” said Daniel J. Oh, President and CEO …
Biodiesel Giant Fuels Biggest Game of the Year
This weekend a Midwest biodiesel giant will fuel the biggest game of the year – the Super Bowl. Iowa-based Renewable Energy Group, Inc. says it will provide up to 15,000 gallons of biodiesel blends from B5 to B20 at MetLife Stadium in East Rutherford, New Jersey during Super Bowl XLVIII on Sunday, as well as powering more than 18 generators …