Ames Biodiesel Firm Plans Public Offering Of Stock

By: The Associated Press Email
By: The Associated Press Email

The Des Moines Register says Tuesday that Renewable Energy Group Inc. of Ames filed the plans with the Securities and Exchange
Commission. The company, which says it's the largest producer of
biodiesel in the U.S., has nine plants operating or under construction in Iowa, Minnesota, Illinois, Texas, New Mexico, Kansas and Louisiana.

The filing shows that last year the company sold 68 million gallons, which amounted to 22 percent of the biodiesel market. Its biodiesel sales nearly doubled to $207.9 million during 2010, which helped it trim losses to $21.6 million from $60.9 million in 2009.

The company says the number of shares to be offered and the price range haven't been determined.

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