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
  • Enlist Cotton Approved USDA has made its final decision to deregulate Dow AgroScience's Enlist cotton trait, which means...
  • Market Moves Weaning and preconditioning top the list of aggravating and expensive chores for most ranchers. C...
  • Ask The Mechanic Ask the Mechanic answers the question about how VW and German engineering was able to get by with...
  • Batten Down the Hatches Purdue economists forecast multiple years of negative or narrow margins for corn and soybean prod...
  • PNW Ag Hit by Historic Drought In addition to problems with the Northwestern wheat crop, cattle are also being adversely affecte...
  • RFS Deadline Nears With the deadline to file comments on the proposed Renewable Fuel Standard volumes to strike at m...
  • Woodbury: Farm Family Business Agendas don't always lead to immediate decisions, but can still cement your family unity.
  • Multi-Year Losses Spur Concern The recent price rally offered growers a welcome opportunity to price 2014 and 2015 crops, but it...
  • Ask the Vet The vet says my calf had Mannheimia. What is that?