Renewable Energy Group has completed the purchase of a biodiesel plant in Mason City, Iowa, that was formerly owned by Soy Energy LLC. The facility has a capacity of 30 million gallons per year.
‘We are very pleased to bring REG Mason City into our fleet of biorefineries because it helps us move forward with our growth strategy,’ says Daniel Oh, REG's president and CEO.
REG plans to repair and re-start the facility using soybean oil and low free fatty acid feedstocks by the end of the year. The acquisition brings the company's total annual production capacity to 257 million gallons.
REG now owns and operates eight active biorefineries. REG Mason City LLC joins the company's nearby plants in Newton and Ralston, Iowa and Albert Lea, Minn. REG also owns active plants in Illinois and Texas.