Renewable Energy Group Acquires Tellurian Biodiesel & American BDF

Published: Jul 21 2010
Deal Summary

Renewable Energy Group, Inc. (REG), a biodiesel company, completed the acquisitions of Tellurian Biodiesel, Inc., and American BDF, LLC (ABDF), both biodiesel companies.

American BDF is a joint venture owned by Golden State Service Industries, a subsidiary of Golden State Foods; Restaurant Technologies Inc. (RTI); and Tellurian Biodiesel. The company is focused on developing smaller plants to convert waste cooking oil into biodiesel.

The acquisition enables RTI to connect its used cooking oil collection system with more than 16,000 installations in participation with REG’s national network of biodiesel manufacturing facilities.

Renewable Energy Chief Executive Officer Jeff Stroburg said this year that the company's network of plants has averaged 20 percent capacity utilization since a $1 a gallon biodiesel tax credit expired at the end of 2009, according to Clancy.

“Turning used cooking oil into biodiesel at REG’s network of manufacturing facilities is another good outlet for our customers’ waste products to power a simple, green, and safe solution for fueling our nation’s progress toward clean energy goals,” explained RTI Chief Executive Officer, Jeff Kiesel.

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