The US-based Renewable Energy Group (REG) has announced the
purchase of a 15-million (MM) gallon-per-year (gpy) biodiesel
production plant near Atlanta, Georgia.
The multi-feedstock facility, which will
operate as REG Atlanta LLC, features easy access to major
transportation routes in the Southeast. REG acquired the former
BullDog Biodiesel operation for cash and in-kind consideration
of approximately $2.6 MM.
REG President and CEO, Daniel J. Oh, stated, "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
restart of the facility, which has operated 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
Since 2008, REG has acquired 10 biodiesel-related firms or
production facilities. Most recently, on Oct.
26, 2012, REG acquired a 15-MMgpy biodiesel facility in New
Boston, Texas. This plant is slated to begin production in the
first quarter of 2013.