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Stock Market & Financial Investment News

News Breaks
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.
News For REGI From The Last 14 Days
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December 19, 2014
17:23 EDTREGIRenewable Energy CEO issues statement on Biodiesel Mixture Excise Tax Credit
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07:01 EDTREGIRenewable Energy, Neste Oil settle U.S. and Singapore patent suits
Renewable Energy Group and Neste Oil Corporation of Finland have entered into a Settlement and License Agreement whereby the parties have settled Neste’s U.S. patent infringement lawsuit against REG and REG’s Singapore patent infringement lawsuit against Neste and REG has licensed certain Neste Oil NEXBTL technology and intellectual property rights for use at REG Geismar. REG became the owner of the former Dynamic Fuels facility in Geismar, Louisiana in June. REG inherited the US and Singapore patent lawsuits that are now settled as part of the acquisitions of Syntroleum Corporation and Dynamic Fuels.
December 16, 2014
07:31 EDTREGIRoth Capital to hold a conference
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December 15, 2014
17:41 EDTREGIRenewable Energy completes upgrades at Newton, Iowa Biorefinery
Renewable Energy announced the completion of upgrades to its 30M gallon nameplate biorefinery in Newton, Iowa, which allows the plant to produce an even higher purity biomass-based diesel from a wider variety of raw materials. Iowa U.S. Rep. Dave Loebsack and Mike Naig, Deputy Secretary of the Iowa Department of Agriculture and Land Stewardship, joined community and business leaders to mark the occasion. REG broke ground on the $13.2M project in February and completed it in November, four months ahead of schedule and on budget. In addition to the production process upgrades, a further $2.6M was invested to expand storage capacity by 2M gallons and enhance logistics, for a total investment of $15.8M. REG Newton refinanced its original loan through a banking syndicate led by AgStar Financial Services to extend the term and help pay for the project. The refinancing provides an additional $5M" to fund the capital project and extends the maturity date by five years.
December 9, 2014
17:53 EDTREGIREG subsidiary to acquire ICG's majority equity in Petrotec AG
Renewable Energy Group and IC Green Energy announced that REG, through a wholly-owned subsidiary, will acquire ICG’s majority equity ownership position in German biodiesel producer Petrotec AG. Closing of the transaction is expected before year end. ICG, Israel Corporation’s vehicle for investing in the alternative energy market, today formally accepted an offer from REG European Holdings B.V. to purchase ICG’s 69% equity ownership in Petrotec AG for $20.9M, or $1.235 per share, to be paid in newly issued REG shares valued at the 30 trading day volume-weighted average for the day prior to signing. The REG subsidiary will also purchase ICG’s loan to Petrotec AG in the amount of approximately $15.4M. In the next several weeks, REG European Holdings B.V. intends to make a cash tender offer for all other Petrotec shares at a price no less than the value per share to be received by ICG.

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