Allan Gerlat, News Editor

December 23, 2013

1 Min Read
Biodiesel Firm Buys Company with Waste-to-Energy Venture

Biodiesel maker Renewable Energy Group Inc. (REG) has acquired synthetic biodiesel maker Syntroleum Corp., whose key asset is a joint venture with Tyson Foods Inc. to develop renewable diesel from chicken fat and other waste products.

The Ames, Iowa-based REGI said in a news release that Syntroleum, with Tulsa, Okla., headquarters, will receive 3.78 million shares of REG common stock in a deal that could be worth $49 million.

Syntroleum owns 50 percent of Dynamic Fuels LLC, a 75-million gallon renewable diesel production facility in Geismar, La., using waste as a feedstock. Dynamic Fuels is a joint venture between Tyson and Syntroleum.

“Combining Syntroleum’s renewable and synthetic fuel technologies with REG’s expertise in biodiesel production, sales, marketing and logistics should be a positive outcome for investors in both companies,” said Daniel Oh, REG president and CEO.

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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