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.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WOWT NBC Omaha 3501 Farnam Street Omaha, NE 68131 (402) 346-6666 sixonline@wowt.com
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 125862073