NEWS
Thu Dec 27, 2012 03:09 PM CST

STREATOR, Ill. (DTN) -- Renewable Energy Group on Thursday, Dec. 27, said it paid off long-term debt obligations against its 60-million-gallon-per-year biodiesel production plant in Seneca, Ill.

REG Seneca, LLC retired its outstanding long-term debt obligation of $34.5 million on Dec. 21 with cash generated from operations since April 2010.

"When we acquired Seneca, we believed the restrictive debt structure was appropriate because the plant was purchased out of bankruptcy," stated Daniel J. Oh, REG president and CEO.

Oh said as REG Seneca came online and its production technology was proven, the natural cash flow generated from the biorefinery allowed ...

Quick View
  • Crop Tech Corner In this week's Crop Tech Corner, researchers produce orange-colored corn with sight-saving capabi...
  • Strong Immunity Wins Two weeks after calving, cows lose body condition. But if she is short on nutrients, too, that dr...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Klinefelter: By the Numbers Farm lenders should halt their petty rivalry and focus on agriculture's best interest: Our nation...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • GOP Picks Conaway as House Ag Chairman The House Republican Steering Committee on Tuesday selected Rep. Michael Conaway, R-Texas, as the...
  • Head Start A Pennsylvania teen has two years of a farm-to-fork business under his belt and is looking to exp...
  • Woodbury: Farm Family Business One of the world's wealthiest families measures success not in dollars but in authenticity.
  • Ask the Vet A warning about bull breeding soundness.
Related News Stories