REG to invest $15 million in re-start of Geismar biodiesel plant

In Louisiana, the Renewable Energy Group plans to invest $15 million to bring the biodiesel plant in Geismar back online following its purchase from Syntroleum and Tyson Foods. Part of those costs are related to re-commissioning but funds will also be used to expand the 75 million gallon facility’s feedstock capacity beyond the current animal fats used. It is estimated that purchasing the plant, including buying Syntroleum, cost REG up to $110 million.