REG agrees to acquire assets of SoyMor Biodiesel

In Iowa, Renewable Energy Group entered into an Asset Purchase Agreement with SoyMor Biodiesel, LLC, under which the Company will issue 1,850,000 newly issued shares of its common stock and assume certain liabilities in exchange for the transfer of substantially all the assets of SoyMor Biodiesel.

The primary asset is the 30 million gallon per year nameplate capacity biodiesel facility, which is not currently operating, located in Albert Lea, Minnesota and SoyMor Cooperative’s soy lecithin assets, which are also not operating and are co-located with the biodiesel facility.