REG completes $20 million land purchase to expand Geismar facility

June 21, 2017 |

In Louisiana, Renewable Energy Group Inc. announced it has completed the $20 million acquisition of approximately 82 acres of land at and in close proximity to its Geismar, Louisiana, biorefinery from Lion Copolymer.

The purchase includes land REG previously leased for its Geismar operations and approximately 62 additional acres in parcels adjacent to and near the facility. The company plans to improve and utilize the new acreage to support existing production capacity and future expansion opportunities. The purchase of the previously leased property will save REG approximately $35 million in future lease payments through 2033.

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