5 Best Healthcare Equipment Stocks To Own Right Now: Renewable Energy Group Inc (REGI)
Renewable Energy Group, Inc., incorporated in August 2006, is a producer of biodiesel in the United States. The Company is engaged in each aspect of biodiesel production, from acquiring feedstock, managing construction and operating biodiesel production facilities to marketing, selling and distributing biodiesel and its co-products. During the year ended December 31, 2011, the Company sold approximately 150 million gallons of biodiesel. As of December 31, 2011, the Company operated a network of six biodiesel plants, with an aggregate production capacity of 212 million gallons per year. On July 12, 2011, the Company acquired SoyMor Biodiesel, LLC (SoyMor), which has 30 million gallons per year biodiesel production facility in Albert Lea, Minnesota. In January 2012, it exercised its option to purchase the 60 million gallons per year facility in Seneca, Illinois, which it operated under a lease. In August 2013, the Company acquired biodiesel plant in Mason City, Iowa. In Janu ary 2014, Renewable Energy Group Inc acquired renewable chemical technology developer LS9, Inc.
The Company produces its biodiesel from a range of feedstocks, including inedible animal fat, used cooking oil and inedible corn oil. It also produces a smaller portion of its biodiesel from virgin vegetable oils. It owns biodiesel production facilities with capacities consisting of 12 million gallons per year facility in Ralston, Iowa; 35 million gallons per year facility near Houston, Texas, or the Houston facility; 45 million gallons per year facility in Danville, Illinois, and 30 million gallons per year facility in Newton, Iowa.
The Company competes with Archer Daniels Midland Company, Cargill, Incorporated, Louis Dreyfus Commodities Group, Ag Processing Inc., Mansfield, Astra, Gavilon, Tenaska, ED&F Man, Dynamic ! Fuels, LLC, Syntroleum Corporation, Tyson Foods, Inc., Diamond Green Diesel, LLC and Darling International.
Advisors' Opinion:- [By Anna Prior]
Renewable Energy Group Inc.'s(REGI) shares dropped after the company tempered its expectations for the first quarter, saying unseasonably cold winter weather reduced demand for diesel. Shares fell 14% to $10.76 premarket.
- [By John Udovich] Syntroleum Corp. A producer of synthetic fuels from a wide variety of feedstock, from natural gas to fats, oils and greases, Syntroleum Corp uses the Fischer-Tropsch process to produce significant amounts of synthetic diesel and jet fuel as well as its Bio-Synfining® technology to produce renewable synthetic fuels with the same superior qualities. Back in December, it was announced that Renewable Energy Group Inc (NASDAQ: REGI) would acquire substantially all of the assets of Syntroleum Corp with the terms of the transaction calling for SYNM to receive 3,796,000 shares of REG common stock (subject to reduction in the event that the aggregate market value of the REG common stock to be issued would exceed $49 million or if the cash transferred to REG is less than $3.2 million). The CEO of the Renewable Energy Group commented:
"Combining Syntroleum's renewable and synthetic fuel technologies with REG's expertise in biodiesel production, sales, marketing and logistics should be a positive outcome for investors in both companies. This will help us grow our advanced biofuel business, enhance our intellectual property portfolio, expand our geographic footprint and launch REG into new customer segments."
source from Top Stocks For 2015:http://www.topstocksblog.com/5-best-healthcare-equipment-stocks-to-own-right-now.html
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