Breaking News

Tweet TWEET

REG Well-Positioned for Future Capacity Growth with Georgia Biorefinery Purchase

  REG Well-Positioned for Future Capacity Growth with Georgia Biorefinery
  Purchase

 Acquisition of BullDog Biodiesel is second in past three weeks for nation’s
                          largest biodiesel producer

Business Wire

AMES, Iowa -- November 19, 2012

In its second acquisition in the past three weeks, Renewable Energy Group®
(NASDAQ:REGI) announced the purchase of a 15 million gallon-per-year biodiesel
production plant near Atlanta, Georgia.

"Renewable Energy Group is focused on strategically expanding our footprint of
biodiesel production ...

"Renewable Energy Group is focused on strategically expanding our footprint of
biodiesel production facilities," said REG President and CEO, Daniel J. Oh.
"Once repaired, upgraded and restarted the REG Atlanta facility will offer us
additional long-term capacity to meet high-demand diesel markets across the
Southeast." (Photo: Renewable Energy Group)

The multi-feedstock facility, which will operate as REG Atlanta, LLC, is
located in Ellenwood, Georgia, 11 miles southeast of Atlanta with easy access
to major Southeast transportation routes. REG acquired the former BullDog
Biodiesel operation for cash and in-kind consideration of approximately $2.6
million. No stock was issued related to the deal.

“Renewable Energy Group is focused on strategically expanding our footprint of
biodiesel production facilities,” said REG President and CEO, Daniel J. Oh.
“Once repaired, upgraded and restarted the REG Atlanta facility will offer us
additional long-term capacity to meet high-demand diesel markets across the
Southeast.”

The company has not yet set a production date for the re-start of the former
BullDog Biodiesel facility, which has run intermittently since January 2008.

REG tolled the facility from April 2011 through April 2012 to support REG’s
biodiesel sales in the Southeast. BullDog ceased operations in April 2012 due
to a combination of poor market conditions and upgrades needed to make the
facility more efficient.

“Our team has demonstrated a successful model for integrating new technologies
into our network and upgrading facilities to utilize lower cost raw
materials,” said REG Vice President, Manufacturing, Brad Albin. This refinery
was designed to produce biodiesel from a variety of feedstocks, including used
cooking oil.

Since 2008, Renewable Energy Group has acquired ten biodiesel-related firms or
production facilities. Most recently, on Oct. 26, 2012, REG acquired a 15
million gallon-per-year biodiesel facility in New Boston, Texas slated to
begin production in the first quarter of 2013.

Renewable Energy Group® is a leading North American biodiesel producer with a
nationwide distribution and logistics system. Utilizing an integrated value
chain model, Renewable Energy Group is focused on converting natural fats,
oils and greases into advanced biofuels. With more than 225 million gallons
annual production capacity at biorefineries across the country, REG is a
proven biodiesel partner in the distillate marketplace. For more than a
decade, REG has been a reliable supplier of biodiesel which meets or exceeds
ASTM quality specifications. We sell REG-9000® biodiesel to distributors so
Americans can have cleaner burning fuels that help lessen our dependence on
foreign oil. REG-9000® branded biodiesel is distributed in nearly every state
in the U.S.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, including statements about future market demand in the
Southeast, the capability of the new facility to meet demand and our ability
to integrate the new facility into our network. Actual results may vary
materially due to a number of factors including, but not limited to, the risk
that the Atlanta facility will not be able to be re-started, the risk of
management distraction associated with bringing the Atlanta facility back
online, as well as other risks that are detailed from time to time in REG’s
SEC reports. REG is under no obligation to (and expressly disclaims any such
obligation to) update or alter its forward-looking statements whether as a
result of new information, future events or otherwise. Information contained
in our website is not incorporated by reference in, or made part of this press
release.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20121119006000/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50483427&lang=en

Contact:

Renewable Energy Group
Alicia Clancy, 515-450-9692 (m)
Alicia.clancy@REGI.com