Renewable Energy Group Reduces Debt with Seneca Payoff

  Renewable Energy Group Reduces Debt with Seneca Payoff

With repayment, gains access to cash flow from the plant, improves durability
                                in marketplace

Business Wire

AMES, Iowa -- December 27, 2012

Renewable Energy Group (NASDAQ: REGI) today announced that it paid off
long-term debt obligations of its operating biorefinery subsidiary in Seneca,
Illinois.

REG Seneca is a 60 million gallon per year capacity facility in Seneca,
Illinois. (Photo: Renewable ...

REG Seneca is a 60 million gallon per year capacity facility in Seneca,
Illinois. (Photo: Renewable Energy Group)

REG Seneca, LLC retired its outstanding long-term debt obligation of $34.5
million on December 21 with cash generated from operations since April 2010.
This amended and restated credit agreement went into effect April 2010 with
Portigon AG (formerly WestLB AG).

“When we acquired Seneca, we believed the restrictive debt structure was
appropriate because the plant was purchased out of bankruptcy. As REG Seneca
came online and our state-of-the-art production technology was proven, the
natural cash flow generated from this 60 million gallon refinery allowed us to
pay off the debt,” explained REG Daniel J. Oh, President and CEO.

“This debt repayment makes it more likely that we will be able to grow our
business, implement new refining technologies, and grow our employee base,” Oh
added.

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 of
owned/operated 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 and reinforce food security. REG-9000® branded
biodiesel is distributed in most states in the U.S.

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Contact:

Renewable Energy Group
Alicia Clancy, 515-239-8118
Alicia.clancy@regi.com
 
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