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Green Plains, Summit Carbon Solutions Carbon Offtake Agreement Announced (Ind. Report)
Green Plains, Summit Carbon Solutions
Date: 2021-02-24
Omaha-headquartered Green Plains Inc. reports three of its biorefineries have entered into a long term carbon offtake agreement with Summit Carbon Solutions (SCS), a subsidiary of Alden, Iowa-based Summit Agricultural Group. With this announcement, the three biorefineries can dramatically reduce the carbon footprint of their biofuels and Green Plains' products will become true low-carbon ingredients for aquaculture, pet food, dairy and poultry companies and low carbon feedstocks for renewable diesel.

Green Plains will initially connect the biorefineries at Fairmont, Minn., Fergus Falls, Minn. and Superior, Iowa, and have the option to expand to additional locations as the pipeline network grows. When completed, SCS is expected to have infrastructure capable of capturing and sequestering 10 million tpy of CO2 -- equivalent to removing over two million cars from the road each year. (Source: Green Plains, Website PR, 18 Feb., 2021) Contact: Green Plains Inc., Todd Becker, CEO, Phil Boggs, VP, 402.884.8700, phil.boggs@gpreinc.com, www.gpreinc.com; Summit Carbon Solutions, www.summitag.com

More Low-Carbon Energy News Green Plains,  Summit Carbon Solutions,  


Green Plains Announces Blackrock Transactions (Ind. Report)
Green Plains Inc.
Date: 2021-02-12
In the Cornhusker State, Omaha-based Green Plains Inc. is reporting that funds and accounts managed by BlackRock have invested alongside Ospraie Management and Green Plains in Fluid Quip Technologies LLC.

Green Plains also reports the completion of a $125 million, 5-year mezzanine note facility with BlackRock. The proceeds will initially support the construction and deployment of Ultra-High Protein technology and production at Green Plains' Obion, Tenn. and Mount Vernon facilities.

The $125 million mezzanine facility will mature in 2026 and is secured via first lien in the assets of Green Plains Obion LLC and Green Plains Mount Vernon LLC, and supported by an unsecured guarantee of Green Plains. (Source: Green Plains Inc., PR, 9 Feb., 2021)Contact: Green Plains Inc., Todd Becker, CEO, Phil Boggs, VP, 402.884.8700, phil.boggs@gpreinc.com, www.gpreinc.com

More Low-Carbon Energy News Ethanol,  Green Plains Inc.,  Fluid Quip,  


Green Plains Selling Ord, Neb. Ethanol Plant (Ind. Report, M&A)
Green Plains
Date: 2021-01-29
In the Cornhusker State, Omaha-based biorefining specialist Green Plains Inc. reports its subsidiary, Green Plains Ord LLC, has entered into an asset purchase agreement with Green America Biofuels Ord LLC to sell its 65-million gpy ethanol plant located in Ord, Nebraska, for $64 million, plus working capital.

Green Plains Ord LLC has also entered into an asset purchase agreement with Green Plains Partners LP and its affiliates (partnership) to acquire the storage and transportation assets and the assignment of railcar leases associated with the Ord ethanol plant for $27 million. In addition, the storage and throughput services agreement will be amended to adjust the minimum volume commitment to 217.7 million gallons per quarter and to extend the maturity date by one year to June 30, 2029.

Both transactions are expected to close within the next 45 days, subject to customary closing conditions and ordinary and customary representations, warranties and indemnification obligations. (Source: Green Plains, PR, Website, 27 Jan., 2021) Contact: Green Plains Inc., Todd Becker, CEO, Phil Boggs, VP, 402.884.8700, phil.boggs@gpreinc.com, www.gpreinc.com

More Low-Carbon Energy News Green Plains,  Ethanol,  


Green Plains Announces Nebraska Clean Sugar Project (Ind. Report)
Green Plains
Date: 2021-01-22
In the Cornhusker State, Omaha-based biorefining specialist Green Plains Inc. and Ospraie Management have announced that recently-acquired Fluid Quip Technologies (Fluid Quip) is engineering and constructing a fully scalable commercial Clean Sugar Technology™ (CST) production facility at the Green Plains York Innovation Center. This technology effectively transforms a dry milling facility into a clean sugar biorefinery where dextrose/glucose replaces ethanol as the primary product.

Co-located on the York, Neb. biorefinery campus, the Green Plains York Innovation Center is comprised of pilot and industrial scale fermentation systems which have been utilized for various functions including sugar-based cellulosic fuel developments, algae production, yeast fermentation processes, as well as antimicrobial scale up for third party customers. The Center also has downstream separation equipment which is ideal for testing enhancements to the CST system, as well as the MSC™ technology. Green Plains expects the initial CST project at the York Innovation Center to begin production by the end Q1.

The York Innovation Center will also function as a platform to further develop Fluid Quip's MSC system to enhance protein concentration levels, increase yields and develop additional high-value proteins and yeasts. (Source: Green Plains, Website PR, 19 Jan., 2021) Contact: Green Plains Inc., Todd Becker, CEO, Phil Boggs, VP, 402.884.8700, phil.boggs@gpreinc.com, www.gpreinc.com; Fluid Quip, 319-320-7709, www.fluidquiptechnologies.com

More Low-Carbon Energy News Bellulosic,  Biofuel,  Green Plains,  Fluid Quip Technologies,  Ethanol,  Biorefinery,  


Green Plains Completes York Biorefinery Upgrade (Ind. Report)
Green Plains Inc.,Fluid Quip
Date: 2021-01-15
In the Cornhusker State, Omaha-based ethanol producer Green Plains Inc. is reporting the completion of its upgrade to United States Pharmacopeia (USP) Grade alcohol at its York, Nebraska biorefinery. The York upgrade included the installation of a new distillation production unit to produce up to 50 million gpy.

The York, Nebraska biorefinery will be further upgraded to Grain Neutral Spirits (GNS) by adding additional distillation and processing capabilities to serve other high-value markets, including the beverage alcohol market and will continue to produce USP during construction. The GNS upgrade is expected to be completed during the Q2 of 2021.

Fluid Quip Technologies is providing the engineering and construction services to complete the GNS project. Fluid Quip Technologies has commercialized multiple patented and patent-pending technologies to enhance the base corn-to-ethanol dry grind process, create new and novel alternative feed products, and supply the growing need for carbohydrate feed-stocks into the biochemical market. (Source: Green Plains Inc., PR, 12 Jan., 2021)Contact: Green Plains Inc., Todd Becker, CEO, Phil Boggs, VP, 402.884.8700, phil.boggs@gpreinc.com, www.gpreinc.com; Fluid Quip, 319-320-7709, www.fluidquiptechnologies.com

More Low-Carbon Energy News Green Plains Inc.,  Fluid Quip,  


Green Plains Takes Majority Stake in Fluid Quip (M&A, Ind. Report)
Green Plains,Fluid Quip Technologies
Date: 2021-01-08
In the Cornhusker State, Omaha-based Green Plains Inc. reports acquisition of a majority interest in Cedar Rapids-based Fluid Quip Technologies in a joint transaction led by Ospraie Management LLC . Terms have not been disclosed.

The acquisition capitalizes on the core strengths of the partners to develop and implement proven, value-added agriculture, food and industrial biotechnology systems, and to expand installation of Ultra-High Protein production across Green Plains' facilities in parallel with offering these technologies to partnering biofuel facilities, according to the release.

Green Plains Inc. is a leading biorefining company focused on the development and utilization of fermentation, agricultural and biological technologies in the processing of annually renewable crops into sustainable value-added ingredients. This includes the production of cleaner low carbon biofuels, renewable feedstocks for advanced biofuels and high purity alcohols for use in cleaners and disinfectants.

Fluid Quip Technologies has commercialized multiple patented and patent-pending technologies to enhance the base corn-to-ethanol dry grind process, create new and novel alternative feed products, and supply the growing need for carbohydrate feed-stocks into the biochemical market. (Source: Green Plains Inc., PR, 5 Jan., 2020) Contact: Fluid Quip, 319-320-7709, www.fluidquiptechnologies.com; Green Plains Inc., Todd Becker, CEO, Phil Boggs, VP, 402.884.8700, phil.boggs@gpreinc.com, www.gpreinc.com

More Low-Carbon Energy News Green Plains,  Fluid Quip Technologies,  


Green Plains Completes Texas Ethanol Plant Sale (M&A, Ind. Report)
Green Plains Inc.
Date: 2020-12-30
In the Corn Husker State, Omaha-based Green Plains Inc. is reporting its subsidiary, Green Plains Hereford LLC, has completed the previously announced sale of its ethanol plant located in Hereford, Texas, to Hereford Ethanol Partners, L.P. for $39 million, plus working capital. Additionally, an earnout provision of up to $75 million related to certain value enhancement opportunities, including future earnings from Low Carbon Fuel Standard credits was included as part of the transaction.

Green Plains Partners LP also announced it completed the sale of the storage assets and the assignment of certain rail transportation assets associated with Green Plains Hereford LLC for $10 million, which was applied to debt reduction. (Source: Green Plains Inc., PR, 28 Dec., 2020) Contact: Green Plains Inc. Investors: Phil Boggs, Snr. VP, Investor Relations, 402.884.8700, phil.boggs@gpreinc.com, www.gpreinc.com

More Low-Carbon Energy News Green Plains,  Ethanol,  


Green Plains Offloading Texas Ethanol Plant (Ind. Report)
Green Plains
Date: 2020-12-18
In the Cornhusker State, Omaha-headquartered ethanol producer Green Plains Inc. is reporting its subsidiary, Green Plains Hereford LLC, has entered into an asset purchase agreement to sell its 2006-vintage 100 MMgy ethanol plant in Hereford, Texas, to Hereford Ethanol Partners L.P. for $39 million, plus working capital and an earnout provision of up to $75 million related to certain value enhancement opportunities, including future earnings from Low Carbon Fuel Standard credits.

Green Plains Hereford LLC has also entered into an asset purchase agreement with Green Plains Partners LP and affiliates to acquire the storage and transportation assets and the assignment of railcar leases associated with the Hereford ethanol plant for $10 million. Both transactions are expected to close within the next 30 days. (Source: Green Plains Inc., Dec., 2020) Contact: Green Plains Inc., Todd Becker, CEO, Phil Boggs, VP, 402.884.8700, phil.boggs@gpreinc.com, www.gpreinc.com

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


Green Plains Announces Second High Protein Project Groundbreaking (Ind. Report)
Green Plains Inc.
Date: 2020-10-05
In the Cornhusker State, Omaha-headquartered ethanol producer Green Plains Inc. reports its wholly owned subsidiary Green Plains Wood River LLC has broken ground on a high protein distiller dried grains (DDG) production facility utilizing Fluid Quip Technologies' patented MSC™ technology, the second installation across the Green Plains platform.

The Wood River project is expected to come online in Q2, 2021 and produce approximately 80,000 tpy of high protein feed at concentrations of 50 pct and higher protein. Total capital investment is anticipated to be $50 million or approximately 40 cents per gallon of capacity, with high protein products providing an estimated 15 to 20 cents per gallon of initial uplift to the overall margin structure and increasing from there with higher protein and improved nutritional characteristics, according to the release.

"The addition of high protein (DDG) production using Fluid Quip's MSC technology was the next logical step in the transformation of Wood River to a modern, sustainable, agricultural ethanol biorefinery. We have already achieved significant operating cost reductions and efficiency gains at the plant through Project 24 upgrades, as well as converted 25 million gallons of production capacity to high purity, industrial B-grade alcohol, and expect to meet USP specifications in early 2021," according to Green Plains' CEO Todd Becker. (Source: Green Plains Inc. , PR, 28 Sept., 2020) Contact: Green Plains Inc., Todd Becker, CEO, Phil Boggs, VP, 402.884.8700, phil.boggs@gpreinc.com, www.gpreinc.com

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


Green Plains Inc Completes $75 Mn Loan Facility (Ind. Report)
Green Plains
Date: 2020-09-18
In Omaha, ethanol producer Green Plains Inc. is reporting the closing of a $75 million 15 year term loan facility with MetLife Investment Management (MIM), due 2035.

The loan is secured by the assets of Green Plains Shenandoah LLC and Green Plains Wood River LLC and is guaranteed by the company, with the option of releasing one of these facilities as collateral subject to a loan to value ratio of greater than 50 pct upon reappraisal, according to the Green Plains release.

The loan proceeds will be used to finance construction of high protein technology at Green Plains Wood River LLC and a yet to be announced future location, according to the release. (Source: Green Plains Inc, Website PR, Sept., 2020) Contact: Green Plains Inc., Phil Boggs, Snr VP, Investor Relations & Treasurer , .884.8700, phil.boggs@gpreinc.com, www.gpreinc.com

More Low-Carbon Energy News Green Plains news,  Ethanol news,  


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,  


Global Sweet Sorghum Ethanol Market Report Offered (Ind. Report)
Sweet Sorghum
Date: 2020-03-16
Market Research Hub is offering Sweet Sorghum Ethanol Market Insights 2018-2025, an in-depth study of the current state of the global Sweet Sorghum Ethanol industry.

The report provides key statistics on the market status of the Sweet Sorghum Ethanol manufacturers and in-depth insights into the 2018-2025 global Sweet Sorghum Ethanol market. The report depicts the global total market of Sweet Sorghum Ethanol industry by geographic region, product type and key players -- Poet, Valero Energy Corporation, Green Plains Renewable Energy, Flint Hills Resources, Chemguide, Shrijee Group, Anchor Ethanol -- the company profile, product specifications, capacity, production value, and 2018-2025 market shares for each company.

Reports details HERE . Report purchase information HERE. (Source: Market Research Hub, 1Daily Science, 5 Mar., 2020) Contact: Market Research Hub, 800-998-4852, sales@marketresearchhub.com, www.marketresearchhub.com

More Low-Carbon Energy News Sweet Sorghum,  Ethanol ,  


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,  


Green Plains Shutters Two Iowa Ethanol Plants (Ind. Report)
Green Plains
Date: 2018-09-19
Reuters is reporting US ethanol producer Green Plains is mothballing two Iowa plants and cutting output at a Minnesota plant due to low profit margins and the Trump Administration's rapidly escalating trade war which has cut off U.S. access to Chinese ethanol markets and added to a domestic supply glut that has pushed biofuel prices near their lowest levels in over a decade.

Green Plains has idled its facility in Superior and soon will shut down the plant in Lakota, Iowa, and halved production at its plant in Fairmont, Minn., according to Reuters (Source: Green Plains, PR, Gazette, Reuters, 17 Sept., 2018) Contact: Green Plains, Jim Stark, VP-IR, (402) 884-8700, www.gpreinc.com

More Low-Carbon Energy News Green Plains ,  Ethanol,  


Biofuels Market Leading Manufacturers 2018 -- Report Available (Ind. Report)

Date: 2018-05-04
E Market Research is offering Biofuels Market Leading Manufacturers 2018 biofuels market report, an in-depth investigation on the competitive biofuels market.

Key players included in the global Biofuels market report are: China Agri-Industries Holdings, COFCO Biochemical (AnHui), Raizen, ADM, Tianguan Group, Cargill, POET, Big River Resources, Vivergo, The Andersons, BP, Pacific Ethanol, Flint Hills Resources, Green Plains, CropEnergies, Valero, Abengoa Bioenergy and Jilin Fuel Ethanol

The report analyzes the biofuels market by: type-- Biodiesel and Bioethanol; end users -- industrial fuels, transportation fuels and Chemical industry; regions; distributors; dealers; traders and manufacturers including contact information, production strategies, the scope of the Biofuels product, their capacity, worldwide productivity, and revenue generation.

Details and a PDF sample copy of this study HERE (Source: E Market Research, May, 2018) Contact: E Market Research, (857) 239-0696, nquiry@market.biz, http://emarketresearch.us/global-biofuels-market-2017-2022

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