Renewable Energy Group owns and operates eight active biodiesel refineries in four states with a combined production capacity of 257 million gallons. It also distributes biodiesel through a national network of terminals.
Syntroleum has pioneered gas-to-liquids and renewable diesel fuel technologies, with 101 patents issued or pending. The Tulsa-based company also owns a 50 percent stake in Dynamic Fuels LLC, a renewable diesel production facility in Louisiana that turns chicken waste into fuel.
“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,” Renewable Energy Group CEO Daniel J. Oh said. “This will help us grow our advanced biofuel business, enhance our intellectual property portfolio, expand our geographic footprint and launch REG into new customer segments.”