Largest US biodiesel producer set to control 75 Mgy Dynamic Fuels renewable diesel plant; follows on from LS9 acquisition. In Iowa, Renewable Energy Group announced that its wholly-owned subsidiary, REG Synthetic Fuels, LLC, has closed its acquisition of substantially all of the assets of Syntroleum Corporation. Syntroleum advised REG earlier Tuesday that a majority of […]
In Oklahoma, Syntroleum will voluntarily delist from NASDAQ on June 6 following the company’s purchase by Renewable Energy Group for nearly $41 million. A vote by the Company’s stockholders in order to approve the Asset Sale, among other matters, is scheduled to occur on June 3, 2014. In the event that the Asset Sale is […]
In Oklahoma, Syntroleum has announced their financial results for FY2013, with an operating loss of $9.3 million. The company reported income from discontinued operations of $6.4 million related to the sale of their two biodiesel pilot plants in Tulsa, Oklahoma. The revenues for the company came in from technical services provided to Dynamic Fuels, Sasol […]
In Oklahoma, and Iowa, Renewable Energy Group announced that it would acquire substantially all of the assets of Syntroleum Corporation, and assume substantially all of the material liabilities of Syntroleum, for 3,796,000 shares of REG common stock worth $40.08 million at today’s market close. The purchase price subject to reduction in the event that the […]
In Oklahoma, Syntroleum has received several unsolicited purchase offers after experiencing a rough economic climate since 2012. The company has since hired Piper Jaffray & Co to scout “strategic alternatives.” Given the favorable commercial environment, the company believes that now is an appropriate time to broadly review its strategic alternatives with respect to its renewable […]
In Louisiana, Dynamic Fuels’s Geismar renewable diesel plant is expected to resume operations by July. The facility, the product of the joint venture between Syntroluem and Tyson Foods, was idled in 2012. The company ordered a new catalyst for the plant in February, which is expected to increase yields to 88%, resulting in revenues per […]
In Oklahoma, Syntroleum reported operating income, for the first nine month in 2012, of $10.0 million resulting from total revenues of $16.4 million and operating expenses of $6.4 million. For the nine months ended June 30, 2012, they reported a loss from Dynamic Fuels of $5.7 million, compared to a loss of $12.3 million for […]
In Washington, Gevo, Syntroleum, Cobalt Technologies, Sustainable Oils and Solazyme are among the companies waiting to find out who will be included in lucrative biofuel programs under the Dept. of Defense’s new Advanced Drop-In Biofuel Production Project. Winning companies will get about $6 million in March and then up to three companies share about $180 […]
In Washington, Businessweek asserted that Gevo, Syntroleum, and Solazyme are on the “inside track” to scoring supply contracts with the Department of Defense, given their already existing research relationships. The article also indicated that Cobalt Technologies and Sustainable Oils have similar research projects that may also place them in the running. “Winning one of the […]
In Oklahoma, Syntroleum confirmed that the Dynamic Fuels Geismar Plant was not damaged by Hurricane Isaac. The plant’s operations staff is preparing the facility for restart. Syntroleum has a 50% interest in Dynamic Fuels, LLC, which operates a 75 million gallon per year renewable fuels facility located in Geismar, utilizing its Bio-Synfining technology. More on the story.
