Green Plains Announces Groundbreaking at Fourth Ultra-High Protein Installation

Rhea-AI Summary

Green Plains Inc. (NASDAQ: GPRE) has commenced construction of Fluid Quip Technologies’ MSC™ system at its Mount Vernon site, marking the fourth installation of this technology. Expected to be operational by 2022, the system will produce approximately 54,000 tons of Ultra-High Protein feed per year and enhance renewable corn oil output by 50%. This initiative is part of the company’s strategy to meet rising global protein demands and drive its transformation into a sustainable biorefinery platform.

Positive

• Initiation of the MSC™ system construction at Mount Vernon, enhancing production capabilities.
• Projected annual production of 54,000 tons of Ultra-High Protein feed.
• Expected 50% increase in renewable corn oil capacity.

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• None.

OMAHA, Neb., Aug. 25, 2021 (GLOBE NEWSWIRE) -- Green Plains Inc. (NASDAQ: GPRE) today announced its wholly owned subsidiary Green Plains Mount Vernon LLC has broken ground on the construction of Fluid Quip Technologies’ MSC™ system. Mount Vernon is the fourth Green Plains location to install MSC™ and is expected to be completed in 2022.

“We are continuing the transformative rollout of our plan to deploy Ultra-High Protein production across our entire platform,” said Todd Becker, president and chief executive officer of Green Plains. “Each groundbreaking further demonstrates the continued execution of our multi-year transformation to the biorefinery platform of the future, creating sustainable ingredients that matter, to help meet growing global protein demand.”

Installation of the Mount Vernon MSC™ system is expected to take nine to 12 months. It will have the capacity to produce approximately 54,000 tons of Ultra-High Protein feed annually and is expected to increase capacity of renewable corn oil – a crucial low-carbon feedstock for renewable diesel – by 50%. Once Mount Vernon is online, Green Plains will surpass 250,000 tons of Ultra-High Protein production annually and provide customers with internal redundancy unequaled by other corn-based protein producers.

About Green Plains Inc.
Green Plains Inc. (NASDAQ:GPRE) 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. Green Plains is an innovative producer of Ultra-High Protein and novel ingredients for animal and aquaculture diets to help satisfy a growing global appetite for sustainable protein. The Company also owns a 48.9% limited partner interest and a 2.0% general partner interest in Green Plains Partners LP. For more information, visit www.gpreinc.com

Green Plains Inc. Contacts
Investors: Phil Boggs | Senior Vice President, Investor Relations | 402.884.8700 | phil.boggs@gpreinc.com
Media: Lisa Gibson | Communications Manager | 402.952.4971 | lisa.gibson@gpreinc.com

 

FAQ

What is the recent development at Green Plains Inc. regarding the MSC™ system?

Green Plains Inc. has begun constructing the MSC™ system at its Mount Vernon site, set to be operational by 2022.

How much Ultra-High Protein feed will the new MSC™ system produce?

The new MSC™ system is expected to produce approximately 54,000 tons of Ultra-High Protein feed annually.

What is the impact of the MSC™ system on renewable corn oil production?

The MSC™ system is expected to increase renewable corn oil production capacity by 50%.

How does this construction contribute to Green Plains Inc.'s goals?

This construction supports Green Plains' strategy to transform into a biorefinery platform and meet growing global protein demand.