Renewable Energy Group Acquires Various KiOR Plant Assets for $1.5 Million

Renewable Energy Group facility

, Inc. (NASDAQ:REGI) announced today that one of its subsidiaries has received approval from a Mississippi court to purchase certain equipment at the , LLC production facility.

Under the approved asset purchase agreement, REG Synthetic Fuels, LLC paid .5 million, plus certain expenses related to equipment preparation, to acquire various physical assets at the Columbus, MS plant, including a 12-million gallon hydrotreating unit, distillation column and tankage.

“These are quality assets we were able to purchase for a very good value,” said Brad Albin, Vice President, Manufacturing. “We plan to re-locate and utilize the equipment for future advanced biofuel or renewable chemical projects.”

Renewable Energy Group, Inc. is a North American advanced biofuels producer and developer of renewable chemicals.

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