Home | Biodiesel Links | Board of Managers | Contact Us | News Releases | Partners | Recent Updates
Blackhawk Biofuels, LLC News Releases
December 21, 2007
NEWS RELEASE � Blackhawk Biofuels, LLC, Freeport, IL � The Blackhawk Board of Managers wants to thank all investors for their confidence and support of our biodiesel project and give an update on how plans for the plant are progressing. Highlights of our message today follow:
Per our Prospectus covenant, Blackhawk has achieved its equity requirement and equity is sufficient to proceed with our project.
-
Our Blackhawk project financing package is being finalized with lenders and we look forward to financial close.
-
The project site in Stephenson County, IL has been prepped and is ready for construction.
Blackhawk appreciates the commitment of our investors to helping our local economy grow through the manufacture of renewable energy in the form of biodiesel. Additional updates will be provided in the very near future.
A registration statement (including a prospectus) for the offering of securities of Blackhawk Biofuels, LLC to which this communication relates has been filed with the Securities and Exchange Commission and various state securities regulators. This communication is neither an offer to sell these securities nor a solicitation of an offer to buy these securities in any state where an offer or sale is not permitted. Offers and sales of the securities shall only by made pursuant to a prospectus, a copy of which can be obtained from Blackhawk Biofuels, LLC, 22 S. Chicago Avenue, Freeport, IL 61032, 888-784-2461 or by visiting www.blackhawkbiofuelsllc.com.
Leading biodiesel corporation listed on Inc. Magazines Top 500 companies
Renewable Energy Group, Inc. first biodiesel company to make list of fastest growing private companies in America
(Ralston, IA August 28, 2007) Renewable Energy Group, Inc. (REG) has been named one of the nations fastest growing private companies by Inc. Magazine.
REG was singled out as the first biodiesel company to make the Inc. 500 list and is the seventh fastest growing energy company nationwide, according to the September issue. REG comes in at number 200 overall with annual revenue of $178 million.
Renewable Energy Group, Inc. is growing because demand for biodiesel is growing. With more than 10 years of experience in biodiesel production, technology and marketing, our fullyintegrated approach to the fuel industry offers confidence for our customers and clients whether they do business in Washington state or Washington D.C., said REG Chairman and CEO, Jeff Stroburg, who has been overseeing the companys biodiesel business for nearly eight years. Our board of directors and employees strive each day to create and execute strategic relationships and business ventures which will help ensure our continued growth in this energy industry to help meet increased market demand for biodiesel.
In order to meet the growing demand for products and services, REG has increased personnel by 33 percent since August 2006. REGs services include biodiesel production, sales and marketing services, plant construction management, risk management and raw material procurement.
Renewable Energy Group, Inc. markets biodiesel through their national distribution infrastructure under the SoyPOWER brand.
Another publication taking note of the growing biodiesel industry is Business 2.0 magazine which, in their September issue, listed REG has one of 15 companies that will change the world. Listed as a "Disruptor" in todays marketplace, REG is described as a company likely to upend existing industries - and spawn new entrepreneurial opportunities.
###
For more information contact Alicia Clancy at 712-667-3418 or Sara Taylor at 202-338-9555.
To learn more about Renewable Energy Group, Inc. please visit www.regfuel.com
About Inc. 500
The Inc. 500 is ranked according to percentage revenue growth from 2003 through 2006. To qualify, companies must have been founded and generating revenue by the first week of 2003, and therefore able to show four full calendar years of sales. Additionally, they had to be U.S.- based, privately held, and independent--not subsidiaries or divisions of other companies--as of December 31, 2006.
About biodiesel
Biodiesel is a clean burning alternative fuel, produced from, renewable resources. Biodiesel contains no petroleum, but it can be blended at any level with petroleum diesel to create a biodiesel blend. It can be used in compression-ignition (diesel) engines with little or no modifications. Biodiesel is simple to use, biodegradable, nontoxic, and essentially free of sulfur.
About Renewable Energy Group
Renewable Energy Group, Inc. is a biodiesel industry sales leader and is a full-service biodiesel company offering plant management, biodiesel production, sales and marketing services, plant construction management, risk management and raw material procurement. Renewable Energy Group, Inc. markets SoyPOWER biodiesel to fuel distributors and to customers in many industries including on-highway fleets, original equipment manufacturers, maritime, military, home heating and agriculture industries.
Renewable Energy Group, REG and SoyPOWER are registered trademarks of REG, Inc.
Release No. 0223.07 Contact: Keith Williams (202) 720-4623 Jay Fletcher (202) 690-0498
USDA AWARDS $97 MILLION FOR RENEWABLE ENERGY PROJECTS
WASHINGTON, August 21, 2007 -- Agriculture Secretary Mike Johanns today announced the award of $97 million in guaranteed loans to help businesses in Georgia, Illinois and North Carolina create jobs and develop renewable energy systems. "These funds are part of USDA's ongoing commitment to bring greater economic opportunities to rural citizens," Johanns said. "They will help rural communities create jobs and strong, competitive business enterprises." The four recipients announced today received funding through USDA's Renewable Energy and Energy Efficiency (Section 9006) guaranteed loan program and the Business and Industry (B&I) guaranteed loan program. The Section 9006 program provides financial assistance to agricultural producers and rural small businesses to install renewable energy projects or make energy efficiency improvements. The Business and Industry program complements the existing private credit structure by guaranteeing loans that will provide lasting community and economic benefits, such as for business expansions. Clean Burn Fuels LLC, in Hoke, County, N.C., is approved to receive $10 million from the Section 9006 program and a $25 million B&I loan guarantee to construct a new ethanol plant that is expected to produce 60 million gallons of ethanol per year. Blackhawk Biofuels LLC, Freeport, Ill., is approved for a $7.5 million Section 9006 loan and a $20 million B&I loan to build and operate a 30-million-gallon biodiesel facility. Appling County Pellets, Savannah, Ga., is approved to receive a $10 million Section 9006 loan and a $9.5 million B&I loan to produce up to 130,000 metric tons of wood pellets to be sold in domestic and international markets. National Trail Biodiesel, Newton, Ill., also approved to receive a $10 million Section 9006 loan and a $5 million B&I loan to build and operate a 30-million-gallon-per-year biodiesel production facility in Jasper County, Ill. USDA Rural Development's mission is to increase economic opportunity and improve the quality of life for rural residents. Rural Development has invested more than $76.8 billion since 2001 for equity and technical assistance to finance and foster growth in homeownership, business development, and critical community and technology infrastructure. More than 1.5 million jobs have been created or saved through these investments. Further information on rural programs is available at a local USDA Rural Development office or by visiting USDA's web site at http://www.rurdev.usda.gov .
Blackhawk Biofuels Announces Final Scheduled Meeting
For Immediate Release: February 21, 2007
Freeport, Illinois - The Board of Managers of Blackhawk Biofuels, LLC announces their last scheduled public investor information meeting will be held on Saturday, February 24 at 10:00 am in Freeport at the Stephenson County Farm Bureau office.
"We want all prospective investors to be aware that our only remaining scheduled investor information meeting will be held on February 24th", remarked Ron Mapes, Chairman of the Blackhawk Biofuels Board of Managers. "Response to our offering has been very successful and we look forward to moving on to the next step of the development process."
Blackhawk Biofuels, LLC intends to build a 30 million gallon per year biodiesel plant on a site expected to be located east of Freeport, Illinois, in Stephenson County. Preliminary earthwork is underway at the site.
Blackhawk Biofuels maintains an office in downtown Freeport at 22 S. Chicago Avenue. Additional investment opportunity information may be obtained by calling the Blackhawk Biofuels office at 815-235-2461.
A registration statement (including a prospectus) for the offering of securities of Blackhawk Biofuels, LLC to which this communication relates has been filed with the Securities and Exchange Commission and various state securities regulators. This communication is neither an offer to sell these securities nor a solicitation of an offer to buy these securities in any state where an offer or sale is not permitted. Offers and sales of the securities shall only be made pursuant to a prospectus, a copy of which can be obtained from Blackhawk Biofuels, LLC, 22 S. Chicago Avenue, Freeport, IL 61032, 888-784-2461or by visiting www.blackhawkbiofuelsllc.com.
For more information: Contact Blackhawk.
Blackhawk Biofuels Passes Mid-Point of Equity Drive
For Immediate Release: February 9, 2007
Freeport, Illinois - The Board of Managers of Blackhawk Biofuels, LLC reports that it has received commitments exceeding $10 million in its securities offering, passing the mid-point of their equity drive, on their way to reaching the offering minimum of $20 million. The company intends to build a 30 million gallon per year biodiesel plant on a site expected to be located east of Freeport in Stephenson County, Illinois.
"We have been pleased with the response to our equity drive offering and look forward to completing the process and closing the offering in the near future," stated Ron Mapes, chairman of the Blackhawk Biofuels Board of Managers. "The company anticipates starting construction during the spring of 2007. Renewable Energy Group, Inc. will provide design/build expertise and the technology for the plant processes."
The company has scheduled its next investor meetings for February 19th and 24th. For details on locations and times please contact the Blackhawk office.
Blackhawk Biofuels maintains an office in downtown Freeport at 22 S. Chicago Avenue. Additional information may be obtained by calling the Blackhawk Biofuels office at 815-235-2461.
A registration statement (including a prospectus) for the offering of securities of Blackhawk Biofuels, LLC to which this communication relates has been filed with the Securities and Exchange Commission and various state securities regulators. This communication is neither an offer to sell these securities nor a solicitation of an offer to buy these securities in any state where an offer or sale is not permitted. Offers and sales of the securities shall only be made pursuant to a prospectus, a copy of which can be obtained from Blackhawk Biofuels, LLC, 22 S. Chicago Avenue, Freeport, IL 61032, 888-784-2461or by visiting www.blackhawkbiofuelsllc.com.
For more information: Contact Blackhawk.
For Immediate Release: January 8, 2007
Freeport, Illinois -- Blackhawk Biofuels LLC's Board of Managers opened the public offering today to build a proposed 30 million gallon per year biodiesel plant in Stephenson County, Illinois.
"After months of planning, we are pleased to begin selling units of our offering," stated Ron Mapes, chair of the Blackhawk Biofuels Board of Managers. "We invite everyone interested in a renewable fuels investment to attend an investor information meeting to learn more about biodiesel and our project."
A public kick-off ceremony was held January 8 at Highland Community College in Freeport. A series of investor information meetings will be held in January. Blackhawk Biofuels is registered to sell units in Illinois, Wisconsin, Iowa, and Indiana.
Blackhawk Biofuels intends to locate their 30 million gallon per year biodiesel plant on a site just east of Freeport. This location was selected for its accessibility to feedstocks and markets for biodiesel.
Total expected project cost for Blackhawk Biofuels is forecast to be $62 million with half coming from local investment and the balance through debt financing. The business plan calls for 30 employees with an expected annual payroll of $1.5 million.
Renewable Energy Group, Inc. (REG), an experienced company in biodiesel manufacturing, marketing, and development, will provide design/build services for Blackhawk Biofuels.
Blackhawk Biofuels office is located at 22 S. Chicago Avenue in Freeport, Illinois. The phone number at the office is 888-784-2461.
For more information: Contact Blackhawk.
Blackhawk Biofuels, LLC Begins Equity Drive
Group planning 30 million gallon per year biodiesel plant
For Immediate Release: December 19, 2006
Blackhawk Biofuels LLC's Board of Managers announces the beginning of an equity drive to build a proposed 30 million gallon per year biodiesel plant in Stephenson County, Illinois.
"We are pleased to begin selling units of our offering," stated Ron Mapes, chair of the Blackhawk Biofuels Board of Managers. "We invite everyone interested in a renewable fuels investment to attend an investor information meeting to learn more about biodiesel and our project."
A public kick-off ceremony is planned for January 8 at Highland Community College in Freeport, Illinois, beginning at 11:00 am. A series of investor information meetings will be held in January. Blackhawk Biofuels is registered to sell units in Illinois, Wisconsin, Iowa, and Indiana.
Blackhawk Biofuels intends to locate their 30 million gallon per year biodiesel plant on a site just east of Freeport. This location was selected for its accessibility to feedstock and markets for biodiesel.
Total expected project cost for Blackhawk BioFuels is forecast to be $62 million with half coming from local investment and the balance through debt financing. The business plan calls for 30 employees with an annual payroll of $1.5 million.
Renewable Energy Group, Inc. (REG), an experienced company in biodiesel manufacturing, marketing, and development will provide design/build services for Blackhawk Biofuels.
Blackhawk Biofuels office is located at 22 S. Chicago Avenue in Freeport, Illinois, 888-784-2461.
Biodiesel Magazine - Blackhawk Biofuels has an option on land near Freeport, Il.....
