Renewable Energy Group Inc.
announced Tuesday that its wholly owned subsidiary, REG Synthetic Fuels LLC,
has completed its acquisition of substantially all the assets of Tulsa-based
Syntroleum Corp. The assets acquired from Syntroleum include a 50 percent ownership
interest in Dynamic Fuels LLC, which owns a renewable diesel biorefinery in
Geismar, La. REG has a separate pending agreement with Tyson Foods Inc.
to acquire the remaining interests in Dynamic Fuels. With the acquisition, REG
now owns Syntroleum's intellectual property portfolio, which includes 186
patents issued or pending. Based in Ames, REG owns and operates nine active
biorefineries in five states and distributes biodiesel through a national
network of distribution terminals.