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November 19, 2012
10:20 EDTREGIRenewable Energy purchases 15M gallon-per-year biodiesel production plant
Renewable Energy Group announced the purchase of a 15M gallon-per-year biodiesel production plant near Atlanta, Georgia. The multi-feedstock facility, which will operate as REG Atlanta, is located in Ellenwood, Georgia, 11 miles southeast of Atlanta with easy access to major Southeast transportation routes. REG acquired the former BullDog Biodiesel operation for cash and in-kind consideration of approximately $2.6M. No stock was issued related to the deal, the company said. The company has not yet set a production date for the re-start of the former BullDog Biodiesel facility, which has run intermittently since January 2008.
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