Welcome to our dedicated page for Green Plains news (Ticker: GPRE), a resource for investors and traders seeking the latest updates and insights on Green Plains stock.
Green Plains, Inc. (NASDAQ: GPRE) is a diversified commodity-processing company specializing in ethanol production and its byproducts. As the second-largest ethanol producer globally, with 17 dry mill plants, the company has the capacity to generate nearly 1.5 billion gallons of ethanol annually. Green Plains' operations are segmented into three main areas: ethanol production, agribusiness and energy services, and partnership with Green Plains Partners LP (NASDAQ: GPP).
The ethanol production segment is the cornerstone of Green Plains' business, encompassing the production of ethanol, distillers grains, Ultra-High Protein, and renewable corn oil. This segment is the primary revenue generator for the company. The agribusiness and energy services segment includes grain handling and storage, commodity marketing, and merchant trading. Green Plains manages both company-produced and third-party commodities like ethanol, distillers grains, Ultra-High Protein, and renewable corn oil, as well as natural gas and other commodities.
Green Plains also has a significant interest in Green Plains Partners LP (NASDAQ: GPP), owning a 62.5% limited partner interest and a 2.0% general partner interest. This partnership focuses on offering fuel storage and transportation services through its network of ethanol and fuel storage tanks, terminals, and transportation assets.
Recent achievements include advancements in Ultra-High Protein technology and strategic collaborations aimed at enhancing the production and market reach of renewable fuels. The company's ongoing projects reflect its commitment to sustainability and renewable energy, positioning Green Plains as a leader in the green fuel sector.
- Core Business: Ethanol production, distillers grains, renewable corn oil
- Significant Assets: 17 dry mill plants, fuel storage and transportation infrastructure
- Recent Achievements: Advances in Ultra-High Protein technology
- Partnerships: Green Plains Partners LP
- Financial Condition: Strong revenue generation from core segments
By focusing on innovation and sustainability, Green Plains, Inc. continues to play a significant role in the renewable energy sector, contributing to a greener future.
Green Plains Inc. (NASDAQ: GPRE) has begun construction on its third MSCTM system at its Central City location, following installations in Shenandoah and Wood River. This system is projected to begin operations in Q2 2022, with an annual production capacity of roughly 72,000 tons of Ultra-High Protein feed. The overall capacity across installations will reach about 600,000 tons. The MSCTM technology will also enhance renewable corn oil production by 50%, crucial for renewable diesel production.
Green Plains Inc. (NASDAQ:GPRE) announced the appointment of Negil McPherson Jr. as Chief People Officer, effective immediately. McPherson will lead human resources strategies focusing on talent management and the company's cultural transformation towards Green Plains 2.0. With over 28 years of experience, he aims to enhance organizational development at Green Plains. CEO Todd Becker emphasized the importance of strategic talent retention for the company’s future success in becoming a leader in ag tech.
Green Plains Inc. (NASDAQ:GPRE) has partnered with Fagen, Inc. to construct and install Fluid Quip Technologies’ MSC™ system, a key component in its transformation to a global ag tech leader focused on sustainable products. This collaboration supports Green Plains' 2024 transformation plan and enhances its biorefining capabilities. Construction will begin at multiple locations, ultimately boosting Ultra-High Protein production capacity to approximately 600,000 tons, with a 50% increase in renewable corn oil capacity.
Green Plains Inc. (NASDAQ:GPRE) will participate in the 7th Annual ROTH London Virtual Conference on June 22-23, 2021. The event aims to connect with institutional investors, highlighting Green Plains' focus on sustainable solutions in biorefining.
Conference materials will be accessible on the company’s investor relations page starting at 8:30 a.m. EDT on June 22. Green Plains specializes in producing cleaner low-carbon biofuels, renewable feedstocks, and high-purity alcohols, alongside innovative protein solutions for animal nutrition.
Green Plains Inc. (NASDAQ:GPRE) will participate in the 18th Annual Craig-Hallum Institutional Investor Conference on June 2, 2021. The event will feature virtual meetings with institutional investors, beginning at 8:30 a.m. EDT (7:30 a.m. CDT). Conference materials will be accessible on the company's Investors page. Green Plains focuses on biorefining, producing low carbon biofuels, advanced biofuels feedstocks, and high purity alcohols, while also innovating in sustainable protein for animal and aquaculture diets.
Green Plains Inc. (NASDAQ:GPRE) will participate in the 16th Annual BMO Capital Markets Farm to Market Conference on May 19, 2021, featuring a fireside chat with CEO Todd Becker at 2:40 p.m. EDT. The company will also hold virtual meetings with institutional investors on May 19 and 20. Interested investors can access conference materials, live webcasts, and replays on Green Plains' website. Green Plains focuses on biorefining and producing sustainable biofuels and high purity alcohols, contributing to environmentally friendly agricultural practices.
Green Plains Inc. (NASDAQ:GPRE) announced its participation in the upcoming 2021 Credit Suisse Renewables and Utilities Conference, scheduled for May 13-14, 2021. Management will engage in a fireside chat on May 14 at 12:40 p.m. EDT, available via webcast for Credit Suisse clients. Conference materials will be accessible on Green Plains' investor webpage starting May 13 at 8:30 a.m. EDT.
As a leading biorefining company, Green Plains focuses on sustainable products, including low carbon biofuels and high purity alcohols, and aims to meet global protein demands through innovative animal and aquaculture diets.
Green Plains reported a net loss of $6.5 million for Q1 2021, or $(0.17) per diluted share, despite a $36.9 million gain from asset sales. Revenue fell to $553.6 million, down 12.5% from $632.9 million year-over-year, primarily due to lower ethanol production. The consolidated crush margin improved to $0.11 per gallon. The company maintained strong liquidity with $654.4 million in cash and credit. Significant acquisitions and construction plans were announced to expand its Ultra-High Protein capabilities, aiming for long-term growth in ag-tech and low-carbon products.
Green Plains Inc. (NASDAQ:GPRE) announced a significant expansion of its carbon capture efforts, committing 424 million gallons of annual capacity from its Shenandoah and four Nebraska biorefineries to a carbon pipeline network. This brings the total to 658 million gallons, equivalent to approximately 1.9 million metric tons of carbon sequestered annually. The project is set to begin operations in 2024, aiming to lower carbon intensity and capitalize on emerging low-carbon credit markets. This move enhances Green Plains' sustainability initiatives and positions the company favorably within the biofuels sector.
Green Plains Inc. (NASDAQ:GPRE) and Green Plains Partners LP (NASDAQ:GPP) will release their first quarter 2021 financial results on May 3, 2021, before market opening. A joint conference call is scheduled for 11 a.m. Eastern time to discuss performance and outlook. Participants can dial in using provided numbers or access the call via company websites. Green Plains focuses on biorefining and sustainable production of biofuels, while Green Plains Partners specializes in fuel storage and transportation services.
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