Our disciplined risk management strategy is designed to lock in operating margins by forward contracting the primary commodities involved in or derived from ethanol production: corn, natural gas, ethanol and distillers grains, along with the corn oil recovered prior to the production of distillers grains.
Ethanol Production
Our ethanol production segment includes the production of ethanol, distillers grains and corn oil recovery at 13 ethanol plants in Illinois, Indiana, Iowa, Minnesota, Nebraska, Tennessee, and Texas. At capacity, we expect to process approximately 390 million bushels of corn per year and produce approximately 1.1 billion gallons of ethanol, 3.1 million tons of distillers grains and recover 280 million pounds of industrial grade corn oil, making us the second largest consolidated owner of ethanol plants in North America.
Agribusiness and Energy Services
Our agribusiness and energy services segment includes grain procurement, with approximately 46 million bushels of grain storage capacity, and our commodity marketing business, which markets, sells and distributes ethanol, distillers grains and corn oil from our ethanol plants. We also market ethanol for a third-party producer as well as buy and sell ethanol, distillers grains, corn oil, crude oil, grain, natural gas and other commodities in various markets.
OUR GROWTH STRATEGY
We intend to continue to take a disciplined approach in evaluating new opportunities related to potential acquisition of additional ethanol plants by considering whether the plants fit within the design, engineering and geographic criteria we have developed. We also plan to continue to grow our downstream access to customers and are actively seeking new marketing opportunities with other ethanol producers. Additionally, we are a partner in a joint venture, BioProcess Algae LLC, formed to commercialize advanced photo-bioreactor technologies for the growing and harvesting of algal biomass.
Company Name | Green Plains |
Business Category | Biofuels |
Address | 1811 Aksarben Drive Omaha Nebraska United States ZIP: 68106 |
President | TODD BECKER |
Year Established | NA |
Employees | NA |
Memberships | NA |
Hours of Operation | NA |
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