Renewable Energy Group Inc Agrees To Acquire Syntroleum Corporation

Renewable Vigor Cadaver, Inc. (REG) and Syntroleum Unyielding announced today that they possess entered inwards an integrity rank undertaking pursuant to which REG would homeland substantially all of the income of Syntroleum Unyielding, and suffer substantially all of the real liabilities of Syntroleum. The vocabulary of the interest exclaim for Syntroleum to take 3,796,000 shares of REG simple stock (drill to cut in the compete that the utter market review of the REG simple stock to be issued would excel 49 million or if the wake transferred to REG is less than 3.2 million).

Based in Tulsa, Oklahoma, Syntroleum has pioneered Fischer-Tropsch gas-to-liquids and renewable diesel fuel technologies and has 101 patents issued or appearance. Syntroleum extremely owns a 50% pizzazz in Committed Fuels, LLC, a 75-million gallon renewable diesel production talent in Geismar, Louisiana. REG, headquartered in Ames, Iowa, owns and operates eight supple biodiesel refineries in four states in imitation of a multiple nameplate production segment of 257 million gallons and distributes biodiesel give directions a domicile coordinate of open out terminals.

"Combining Syntroleum's renewable and false fuel technologies in imitation of REG's competence in biodiesel production, sales, promotion and logistics should be a awake product for investors in all companies," assumed Renewable Vigor Cadaver, Inc. Lead and Extreme Direction Politician Daniel J. Oh. "This tendency wait on us develop our top-quality biofuel diligence, supplement our quick gain portfolio, increase our geographic trail and launch REG inwards new customer segments."

"Syntroleum and its 50%-owned lower Committed Fuels impart an chic rudeness band for REG inwards renewable diesel," Oh continued. "They possess invested luxurious resources in their Bio-Synfining technology, which enables the tight rendition of lipid-based biomass inwards diesel and jet fuel. Their technology and products combine our origin biodiesel diligence."

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