Renewable Energy Group renews contract to stay in Newton
Renewable Energy Group announced its REG Newton, LLC loan with AgStar Financial Service, PCA was extended for one additional year. The extension meant that their 21 full-time jobs would remain in Newton.
REG Newton entered into a debt agreement with AgStar in conjunction with the March 2010 acquisition of the assets of Central Iowa Energy LLC.
Nationwide, the biodiesel industry employs around 64,000 workers, with about 7,300 in Iowa. This includes electricians and plant workers. REG has seven biodiesel locations throughout the United States, two of which are in Iowa, and employs 300.
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