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Green Plains Partners Completes Debt Refinancing (Ind. Report)
Green Plains Partners
Date: 2020-06-05
In the Cornhusker State, Omaha-based Green Plains Partners LP and Green Plains Inc. have announced the successful refinancing of the partnership's debt facility which was arranged by Bank of America. The loan was approved by all of its existing lenders and became effective on June 4, 2020.

The new loan will mature on December 31, 2021, and includes a $130.0 million term loan and a $5.0 million revolving credit facility. The term loan requires a principal payment of $7.5 million on July 15, 2020 and $2.5 million in monthly principal amortization thereafter, with a step up to approximately $3.2 million beginning May 2021. The loan is secured by substantially all of the assets of the partnership.

Green Plains Inc. is a diversified commodity processing business with operations that include corn processing, grain handling and storage and commodity marketing and logistics services. The company is one of the leading corn processors in the world and, through its adjacent businesses, is focused on the production of high-protein feed ingredients. Green Plains owns a 50 pct interest in Green Plains Cattle Company LLC and owns a 49.0 pct limited partner interest and a 2.0 pct general partner interest in Green Plains Partners LP, according to the release. (Source: Source: Green Plains Partners LP; Green Plains Inc., PR, 4 June, 2020) Contact: Green Plains Partners, Phil Boggs , Snr VP Investor Relations and Treasurer , (402) 884.8700, phil.boggs@gpreinc.com

More Low-Carbon Energy News Green Plains Partners news,  


Green Plains Adding Corn-Based Livestock Feed (Ind. Report)
Green Plains Inc
Date: 2020-02-12
Omaha-headquartered ethanol producer Green Plains Inc. reports it will invest $400 million over the next two years to refocus its business on the production of corn-based, high protein animal feeds at its various production facilities. With this refocusing, ethanol will become a low-margin byproduct for the company.

According to Reuters, the company's new game plan is in response to an uncertain ethanol market outlook, the Trump administration's continued issuance of RFS ethanol blending "hardship waivers" and an almost 20 pct drop in revenues from ethanol sales in 2019.

As previously noted, "hardship waivers" were intended for refineries producing 75,000 bpd or less and suffered "disproportionate economic hardship" from the costs of RFS compliance. The waiver frees the refineries from an obligation to provide the EPA with biofuels credits proving compliance. Under the now vanquished administrator Greg Pruitt's direction, the EPA handed out 54 exemptions over two years and not a single waiver request for an exemption was denied. (Source: Green Plains, Successful Farming, Feb., 2020)Contact: Green Plains, Jim Stark, VP-IR, (402) 884-8700, www.gpreinc.com

More Low-Carbon Energy News Green Plains Inc.,  DDGs,  Ethanol,  RFS,  


Green Plains Idling Otter Tail Ethanol Plant (Ind. Report)
Green Plains
Date: 2018-12-19
NEW YORK, Dec 18 (Reuters) - Further to our 19th November coverage, Omaha-headquartered ethanol producer Green Plains Inc plans to idle its 55 million gpy Otter Tail ethanol plant in Fergus Falls, Minnesota, until Spring 2019, amid weak margins, according to a Reuters report.

As previously reported, Green Plains has idled several plants and sold others, in response to a downturn in the ethanol market. (Source: Green Plains, Reuters, 18 Dec., 2018) Contact: Green Plains, Jim Stark, VP-IR, (402) 884-8700, www.gpreinc.com

More Low-Carbon Energy News Otter Tail,  Green Plains,  Biofuel,  Ethanol,  


Green Plains Sells and Scuttling Ethanol Plants (Ind. Report, M&A)
Green Plains, Valero Renewable Fuels
Date: 2018-11-19
Following up on our Oct. 12th coverage, Omaha-headquartered ethanol producer Green Plains Inc. is confirming the closure of a previously announced sale of its ethanol plants in Lakota, Iowa; Bluffton, Indiana; and Riga, Michigan, to Valero Renewable Fuels Company LLC for a total $319 million, including net working capital and adjustments. The company is also shuttering its 60 million gpy ethanol plant in Hopewell, Virginia. (Source: Green Plains, 16 Nov., 2018) Contact: Valero Renewable Fuels, Joe Gorder, Pres., (800) 324-8464, www.valero.com; Green Plains, Jim Stark, VP-IR, (402) 884-8700, www.gpreinc.com

More Low-Carbon Energy News Valero Renewable Fuels,  Green Plains ,  Ethanol,  


Valero Renewable Fuels Snares Green Plains Ethanol Plants (M&A)
Valero Renewable Fuels, Green Plains, Ethanol
Date: 2018-10-12
In Omaha, Green Plains Inc. reports it will sell its ethanol production facilities in Lakota, Iowa, Bluffton, Ind., and Riga, Michigan to San Antonio-headquartered Valero Renewable Fuels Company LLC for $300 million in cash, plus $28 million of working capital also paid in cash.

The sale involves 280 million gallons of nameplate capacity -- roughly 20 pct of Green Plains' reported ethanol production capacity -- and is slated for closure prior to the year end. (Source: Green Plains Inc. , StreetInsider, Others, 10 Oct., 2018) Contact: Valero Renewable Fuels, Joe Gorder, Pres., (800) 324-8464, www.valero.com; Green Plains, Jim Stark, VP-IR, (402) 884-8700, www.gpreinc.com

More Low-Carbon Energy News Valero Renewable Fuels,  Green Plains,  Ethanol,  


Green Plains Superior Ethanol Plant Still Operating (ind. Report)
GreenPlains
Date: 2018-09-21
Following up on out 19th Sept. coverage, Omaha-headquartered Green Plains Inc. VP Jim Stark has refuted statements made in a Reuters article published Monday regard plant closings. Stark noted the company was not closing down the 60 million gpy, 10 year old Superior, Iowa ethanol plant. Source: Green Plains, Estherville News, 20 Sept., 2018) Contact: Green Plains, Jim Stark, VP-IR, (402) 884-8700,

More Low-Carbon Energy News Green Plains,  Ethanol,  


Syngenta Touting Enogen Corn for Ethanol Production (Ind. Report)
Syngenta,Green Plains
Date: 2017-12-20
As recently reported by Wallace's Farmer, Minnetonka, Minnesota-based Syngenta is partnering with Omaha-headquartered ethanol producer Green Plains Inc. to expand Green Plains' use of Enogen corn enzyme technology across its 1.5 billion-gpy production platform. Syngenta's Enogen footprint includes more than 30 U.S. plants with a combined ethanol capacity of over 3 billion gpy.

Using Enogen corn as a portion of the feedstock enables alpha amylase enzyme to be delivered directly in the grain, reduces the viscosity of the corn mash and eliminates the need to add a liquid form of the enzyme in the ethanol production process.

Syngenta's enogen corn enzyme technology is an in-seed innovation featuring the first biotech corn output trait designed to enhance ethanol production. Using modern biotechnology to deliver alpha amylase enzyme directly in the grain.

Enogen hybrids have been shown to perform equal to or better than other high-performing corn hybrids, according to the company. (Source: Wallaces Farmer, 11 Dec., 2017) Contact: Enogen, www.enogen.com; Green Plains, Jim Stark, VP-IR, (402) 884-8700, www.gpreinc.com; Syngenta, Jeff Oestmann, Head of Enogen Div, (877) 436-0436, jeff.oestmann@syngenta.com, www.syngenta.com

More Low-Carbon Energy News Green Plains,  Syngenta,  Corn Ethanol,  Corn,  Enogen,  


First JGP Energy Ethanol Shipment Departs Tex. Terminal (Ind. Report)
Green Plains
Date: 2017-12-06
Ethanol producer Green Plains Inc. and Jefferson Energy Companies, a subsidiary of Fortress Transportation and Infrastructure Investors LLC is reporting their joint venture, JGP Energy Partners, has loaded its first vessel with nearly 3 million gallons of ethanol destined for Brazil, and is currently loading its second shipment of 10 million gallons of ethanol on a vessel bound for India.

The recently completed $50 million export and import fuels terminal is owned and operated by Jefferson Energy Companies and can simultaneously receive and unload two ethanol unit trains at the the rate 7,000 bph. The terminal is a public-private partnership between the Port of Beaumont Navigation District of Jefferson County, Texas and Jefferson Energy Companies. (Source: Fortress Transportation and Infrastructure Investors LLC; Green Plains Inc., Jefferson Gulf Coast Energy Partners, 4 Dec., 2017) Contact: Fortress Transportation and Infrastructure , Alan Andreini, MD, (212) 798-6128 aandreini@fortress.com, www.ftandi.com; Green Plains, Patrich Simpkins Chief Development Officer , Green Plains Inc. (402) 952-4906 patrich.simpkins@gpreinc.com, www.gpreinc.com; Green Plains Partners, www.greenplainspartners.com

More Low-Carbon Energy News Green Plains,  Ethanol,  

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