Renewable Energy (REGI +4.8%) acquires a 15M gal./year Texas multi-feedstock biorefinery for...

|About: Renewable Energy Group, Inc (REGI)|By:, SA News Editor

Renewable Energy (REGI +4.8%) acquires a 15M gal./year Texas multi-feedstock biorefinery for $300K in cash and 900K shares of its common stock, increasing REGI's biodiesel production capacity to more than 225M gal./year. The deal brings REGI its second Texas biodiesel production facility, following the 2008 acquisition of its Houston-area plant.