In New York state, a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of Renewable Energy Group, Inc. (NASDAQ: REGI) from May 3, 2018, through February 25. The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of […]
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. […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
