Tag: REGI

REG closes on acquisition of Imperium assets, including largest US biodiesel refinery

REG closes on acquisition of Imperium assets, including largest US biodiesel refinery

August 23, 2015 |

In Iowa, Renewable Energy Group completed its acquisition of substantially all the assets of Imperium Renewables, Inc, paying $15.0 million in cash and issuing 1.675 million shares of REG common stock in exchange for substantially all of Imperium’s assets, including the 100-million gallon nameplate biodiesel refinery and terminal at the Port of Grays Harbor, WA.  […]

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Renewable Energy Group expands line of credit to $60 Million for future growth

Renewable Energy Group expands line of credit to $60 Million for future growth

July 26, 2015 |

In Iowa, Renewable Energy Group has expanded its line of credit agreement with Wells Fargo Capital Finance, LLC from $40 million to $60 million. In a filing with the Securities and Exchange Commission, REG disclosed that two wholly-owned subsidiaries exercised their option to expand the original line of credit, which was obtained in 2011. In […]

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Renewable Energy Group starts $31M upgrade of Danville, IL biorefinery

Renewable Energy Group starts $31M upgrade of Danville, IL biorefinery

July 19, 2015 |

In Illinois, Renewable Energy Group announced that it will invest $31 million to upgrade and enhance the Company’s Danville, Illinois biodiesel refinery, and broke ground on the improvement project. Construction work already under way at Renewable Energy Group’s 45-million gallon biodiesel refinery in Danville, Illinois. The improvements will include distillation capabilities along with storage, logistics […]

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Industrial Biotech’s 2013 Santa Claus Rally: What happened?

Industrial Biotech’s 2013 Santa Claus Rally: What happened?

December 25, 2013 |

Santa Claus rallies typically occur between Christmas and New Year’s. But industrial biotech’s rally came early this year. Who is up, and why? The Digest investigates. If you’ve been following The Digest’s Equity Index in recent weeks, you’ll note that it has rallied just on 8 percent in the past two weeks, after hitting a […]

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REG reports strongest Q1 ever, as shares jump to $9.91 on earnings announce

REG reports strongest Q1 ever, as shares jump to $9.91 on earnings announce

May 2, 2013 |

In Iowa, Renewable Energy Group reported Q1 2013 adjusted EBITDA of $22.0 million on adjusted revenues of $172.7 million — compared to adjusted EBITDA of $12.7 million for Q1 2012. REG sold 38.9 million gallons of biodiesel in the first quarter, an increase of 14% compared to the same period in 2012. In operating highlights, […]

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Biofuels stocks surge as EPA’s Renewable Fuel Standard proposals delight investors

Biofuels stocks surge as EPA’s Renewable Fuel Standard proposals delight investors

February 4, 2013 |

In New York, renewable fuels equities surged on Friday after the EPA issued its proposed 2013 Renewable Fuel Standard mandates – including boosts for corn ethanol, biomass-based diesel and cellulosic biofuels. The Biofuels Digest Index, a basket of public biofuels stocks, jumped 2.07 percent to an 9-month high of 70.09 as shares in Solazyme, Renewable […]

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Biofuels Digest’s 2012 Process Improvement Award: Renewable Energy Group

Biofuels Digest’s 2012 Process Improvement Award: Renewable Energy Group

December 31, 2012 |

Every so often, we report on another acquisition or merger with Renewable Energy Group as they build out their biodiesel capacity. What powers that expansion? Strong technology, sourcing and financing. Almost any biodiesel facility performs financially better using the REG system — and that has not only helped the company grow, its helped save the […]

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Why are first-gen biofuels companies having so much trouble making money?

Why are first-gen biofuels companies having so much trouble making money?

October 9, 2012 |

Yesterday, Renewable Energy Group, the leading US biodiesel producer, announced unexpectedly that it now expects to report Adjusted EBITDA ranging from a loss of $2 million to a loss of $7 million. The company’s prior guidance for Adjusted EBITDA was a gain of $10 million to $15 million. The company expects to report gallons of […]

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EPA OK’s 30% increase in US biomass-based diesel mandate as domestic production capacity expands.

EPA OK’s 30% increase in US biomass-based diesel mandate as domestic production capacity expands.

September 19, 2012 |

What will bigger targets mean for producers, livestock, obligated refiners, and the diesel-using public? In Washington, the EPA issued its final rule for 2013 establishing 1.28 billion gallons as next year’s biomass-based diesel volume requirement under the Renewable Fuel Standard (RFS), up from 1.0 billion gallons in 2012. “This 1.28 billion gallon level is in-line […]

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Biofuels Digest Index jumps to 61.89 on advanced biofuels, enzymes gain

Biofuels Digest Index jumps to 61.89 on advanced biofuels, enzymes gain

August 16, 2012 |

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, jumped 1.33 percent to 61.89 as advanced biofuels and enzyme stocks gained.  For the day, Novozymes (NZMB) surged 5.52 percent to $26.38 on a good earnings report, while Amyris (AMRS)  dropped 3.46 percent to $3.91. Among other equities, Renewable Energy Group (REGI) rallied another […]

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