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People & Business :: M&A
Biodiesel producer REG to acquire renewable fuel firm
8:22 AM MST | December 19, 2013 | Francinia Protti-Alvarez
Renewable Energy Group (REG; Ames, IA), and Syntroleum Corp. (Tulsa, OK), have entered into an asset-purchase agreement pursuant to which REG would acquire substantially all of the assets of Syntroleum and assume substantially all of its material liabilities. Syntroleum has pioneered Fischer-Tropsch gas-to-liquids and renewable diesel fuel technologies and has 101 patents issued or pending. Syntroleum also owns a 50% interest in Dynamic Fuels (Geismar, LA), which operates a 75-million gallons/year renewable diesel production facility at Geismar. Syntroleum has...
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