12 July 2011 18:39 [Source: ICIS news]
HOUSTON (ICIS)--Renewable Energy Group (REG) has acquired all assets of SoyMor Biodiesel in ?xml:namespace>
REG expects to quickly restart the plant, which has been idled since 2008.
“With nationwide demand for biodiesel growing steadily through implementation of the Renewable Fuels Standard (RFS2) and
REG may also upgrade the plant to process a variety of feedstocks, including lower-cost natural fats and oils such as used cooking oil, inedible corn oil from ethanol production, and high free fatty acid materials, it said.
REG said it acquired the assets from SoyMor in exchange for common stock and the assumption of certain liabilities. It did not disclose the value of the deal.
The acquisition will bring REG’s total
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