US Renewable Energy Group acquires biodiesel refinery in Georgia

19 November 2012 19:46  [Source: ICIS news]

MEDELLIN, Colombia (ICIS)--Renewable Energy Group (REG) purchased a 15m gal/year (57m litres/year) biodiesel plant near Atlanta, Georgia, the US biodiesel producer said on Monday.

The company has not yet set a production date for the restart of the multi-feedstock facility, which has run intermittently since January 2008.

REG acquired the former BullDog Biodiesel operation for cash and in-kind consideration of approximately $2.6m (€2.03m), according to REG.

BullDog ceased operations in April due to a combination of poor market conditions and upgrades needed to make the facility more efficient.

"Renewable Energy Group is focused on strategically expanding our footprint of biodiesel production facilities," REG president Daniel Oh said. "Once repaired, upgraded and restarted, the REG Atlanta facility will offer us additional long-term capacity to meet high-demand diesel markets across the southeast."

The refinery was designed to produce biodiesel from a variety of feedstocks, including used cooking oil.

Since 2008, REG has acquired 10 biodiesel-related firms or production facilities, according to the company.

In October, REG acquired a 15m gal/year biodiesel facility in New Boston, Texas with a projected production start in the first quarter of 2013.

REG has about 225m gal/year production capacity at biorefineries across the country.

($1 = €0.78)

By: Leela Landress
+1 713 525 2653

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