SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 3, 2013
Renewable Energy Group, Inc.
(Exact name of registrant as specified in its charter)
416 South Bell Avenue
Ames, Iowa 50010
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code: (515) 239-8000
Former name: REG Newco, Inc.
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below):
Item 8.01 Other Events.
On January 3, 2013, President Obama signed into law the American Taxpayer Relief Act of 2012, which reinstated a set of tax extender items including the reinstatement of the federal biodiesel blenders tax credit for 2013 and retroactively reinstated credit for 2012. The retroactive credit for 2012 is estimated to result in a net payment to Renewable Energy Group, Inc. (the Company) equal to approximately one-third of the number of 2012 gallons sold. Because there are practically no associated costs, the payment will increase the Companys pre-tax operating earnings and EBITDA by a similar amount. As previously disclosed, the Company was not operating with the expectation that the credit would be in place although it has conducted its business in a manner which would create attractive incremental economics if the credit was reinstated. The Company currently expects the credit to be recognized as revenue for the first quarter of 2013.
REG expects to report fourth quarter and full year 2012 results in early March.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: January 8, 2013