NEWS
REG Acquires Mason City Plant
Wed Jul 31, 2013 02:29 PM CDT

STREATOR, Ill. (DTN) -- Renewable Energy Group said in a news release this afternoon it completed the purchase Tuesday (7/30) of a 30-million-gallon per-year capacity biodiesel plant in Mason City, Iowa, formerly owned by Soy Energy, LLC.

Former Soy Energy, LLC unit holders approved the sale in a vote Monday (7/29). REG purchased the biorefinery for $11 million in cash and a $5.1 million promissory note.

"We are very pleased to bring REG Mason City into our fleet of biorefineries because it helps us move forward with our growth strategy," said Daniel Oh, REG president and CEO. "We look forward ...

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