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Winston-Salem, NC, United States, 2013/11/05 - SmallCapReview, A leading site for news and information on small caps, penny stocks and microcaps is adding Renewable Energy Group (Nasdaq: REGI) to its list of stocks "On the Radar" - SmallCapReview.com.
Renewable Energy Group (REGI) is a leading North American biodiesel producer with a nationwide distribution and logistics system. Utilizing an integrated value chain model, Renewable Energy Group is focused on converting natural fats, oils and greases into advanced biofuels.
With the Mason City addition, REGI has 257 million gallons of active annual nameplate production capacity at biorefineries across the country and is a proven biodiesel partner in the distillate marketplace.
For more than a decade, REGI has been a reliable supplier of biodiesel which meets or exceeds ASTM quality specifications. REGI sells biodiesel to distributors so Americans can have cleaner burning fuels that help lessen our dependence on foreign oil and reinforce food security. REG-9000 branded biodiesel is distributed in most states in the U.S.
REGI Investor Highlights
REGI sold 77.6 million gallons of biodiesel in the third quarter 2013, an increase of 26% compared to the third quarter of 2012.
Revenues of $458.4 million increased 42% year over year.
Company achieved Adjusted EBITDA of $48.9 million during the third quarter 2013.
The Company continued to increase and enhance its production capabilities. REGI completed the purchase of a 30 million gallon per year nameplate capacity biorefinery in Mason City, Iowa.
REGI’s New Boston, Texas plant commenced operations in July and steadily improved its production rate during the quarter.
Net Income of $87 million.
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