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People & Business :: M&A
Biodiesel producer REG buys 50% stake in Louisiana biorefinery
May 22, 2014 | Francinia Protti-Alvarez
Renewable Energy Group (REG; Ames, IA) has reached an agreement with Tyson Foods (Springdale, AR) to acquire Tyson's 50% ownership position in biorefinery Dynamic Fuels (Geismar, LA), the companies announced today. Completion of the transaction is contingent on the closing of REG's December 2013 agreement to acquire substantially all of the assets of Syntroleum Corp. (Tulsa, OK). The deal would give REG full ownership of Dynamic Fuels and its 75-million gallon/year nameplate capacity renewable diesel plant at Geismar. Tyson and Syntroleum formed Dynamic Fuels in...
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