Thu Jan 23, 2014 09:45 AM CST

STREATOR, Ill. (DTN) -- Renewable Energy Group, Inc. said in a news release Wednesday, Jan. 22, it has acquired renewable chemical technology developer LS9, Inc. for $61.5 million.

"This acquisition is a major step in realizing REG's strategy to expand into the production of renewable chemicals and other products," said Daniel J. Oh, REG president and CEO. "The industrial biotechnology platform and robust patent portfolio LS9 has been building will now be combined with REG's proven production and commercialization capabilities to accelerate the commercial introduction of renewable chemicals to meet increasing customer demand for sustainable products."

LS9's technologies harness the ...

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