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 ...

Quick View
  • The New Dicamba At an event exhibiting the company's soon-to-arrive Dicamba-tolerant soybean trait, Monsanto repr...
  • Rates Too Low Too Long Discounted interest rates have led to unintended consequences in land values, a shortage of funds...
  • Center Pivots Take a Beating Severe storms in mid-June have damaged hundreds of center pivot irrigation systems in Nebraska al...
  • "Easy Money Times Over" Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • A Hunger for High-Tech The Gruhlkey brothers of Wildorado, Texas, are using technology and thoughtful cropping choices t...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • No More Outlaw Vets Veterinarians can start breathing a little easier now when they go to work, without the fear that...
  • Ask the Vet My vet diagnosed anaplaz and I've never heard of that.
Related News Stories
China Issues New US DDGS Import Rules
DTN Weekly Distillers Grains Update
DTN Distillers Grain Weekly Update
Ethanol Blog
DTN Distillers Grain Weekly Update
Ethanol Blog
DTN Distillers Grain Weekly Update
Ethanol Blog
Ethanol Blog
DTN Distillers Grain Weekly Update