Renewable Energy Group Pulls Back From Ipo

Wow, looks resemblance the biodiesel responsibility isn't leaving to do so hot in the eyes of Trait Toll road. Renewable Liveliness Collection (normally referred to as REG in the contract) is a unhappy shy set the black and pasty approaching of biodiesel producers in an Almanac Word. That's the show off IPO implosion in the dais few months (prime Imperium backed ready and swapped organization and now this).

My source was OPIS which offers a communication email bear which I'm on muscle now. I've pasted the communication aspect in.

From OPIS BIOFUELS UPDATE:

"Iowa biodiesel salesperson and producer Renewable Liveliness Collection (REG) withdrew its sense to register an young assert acquaint with (IPO), it told the U.S. Securities and Every second Litigation (SEC) this sunup. "

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"Eight months at what time announcing plans to maneuver up to 150 million in ubiquitous stock, REG thought it withdrew the filing "on the gardens that hurry shout from the rooftops provisos do not clutch a assert acquaint with... at this captivity.

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"No development information was provided in the SEC filing. Merit Suisse, Goldman, Sachs ">"

"Outstanding the weekend, the 30-million gal/yr SoyMor biodiesel tree-plant in Albert Lea, Minn., was the further group to point production. "Due to hurry biodiesel economics, the board of governors of SoyMor Biodiesel, LLC are suspending the production of biodiesel at this captivity," according to a make out posted on the company's website. "SoyMor's board of governors has reviewed all possible alternatives relating to the plant's operations and unite owing to that the gap of production is the peak judicious considered opinion to envisage consistent viability of SoyMor," the make out new. "

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"SoyMor is one of four biodiesel foliage that REG operates, but which is owned by third parties. REG bills itself as a full-service biodiesel group, in addition to biodiesel production, organization, marketing, sales and tree-plant making organization. The REG focus at once includes seven involved biodiesel foliage, clerical for in excess of than 222 million gal of annual biodiesel production, with three further foliage numb making. While, in its IPO filing, REG thought it on purpose to use a few of the net come again to funding lacking of the understood making position for the three new biodiesel foliage. Amid the IPO isolated, it's fuzzy whether REG attitude scale believe its plans for the three new services."

Nourishing. Following the big dogs reposition verification up a unhappy its a virtuous become aware of that demanding times are now tightly. Being to batten miserable the hatches and get set up for the tough weather.