Renewable Energy Group, Inc. (NASDAQ:REGI) announced today that its wholly-owned subsidiary has completed the acquisition of IC Green Energy’s (ICG) majority equity ownership position in German biodiesel producer Petrotec AG (XETRA: PT8).
Petrotec is a fully-integrated company utilizing more than 15,000 collection points to gather used cooking oil (“UCO”) and other waste feedstocks to produce biodiesel at its two biorefineries in Emden and Oeding, Germany. Petrotec’s nameplate production capacity is 55.5 million gallons (185,000 MT) per year, produced predominantly from UCO. Petrotec’s collection service, treatment processes, and biorefineries are certified by both German and European regulators. Its biodiesel is compliant with EU standard EN 14214. For more information on Petrotec visit their website at http://www.petrotec.de/.