Green Plains Inc. - GPRE STOCK NEWS

Green Plains (NASDAQ: GPRE) and Tharaldson Ethanol have successfully launched the world's largest MSC™ system at Tharaldson's 175 million-gallon biorefinery in Casselton, North Dakota.

The MSC™ technology, provided by Fluid Quip Technologies, enhances the production of Ultra-High Protein feed ingredients, offering superior nutrition for animals and up to 40% lower carbon intensity compared to other products.

This development also boosts renewable corn oil yields, contributing to advanced biofuels like renewable diesel and sustainable aviation fuel. The achievement increases Green Plains' annual Ultra-High Protein production capacity to 430,000 tons.

Green Plains (NASDAQ: GPRE) announced significant progress on its 'Advantage Nebraska' carbon capture project. Construction management agreements have been executed, and major compression equipment for three Nebraska facilities has been ordered. The project aims to capture biogenic carbon dioxide from the production of 287 million gallons of ethanol annually, starting in late 2025.

The equipment will be installed at Central City, Wood River, and York facilities, with a total carbon capture capacity up to 1.2 million tons. CEO Todd Becker emphasized the company's commitment to sustainable practices, leveraging the Clean Fuel Production Credit and low carbon fuel markets to produce high-quality carbon credits. The carbon capture initiative is expected to reduce the carbon intensity of biofuel by half and enhance the production of high-quality ingredients like Ultra High Protein and renewable corn oil.

The company has also secured necessary financing and construction agreements. The Trailblazer project, which aims to transport captured carbon to Wyoming for storage, is making steady progress.

Green Plains Inc. (NASDAQ:GPRE) CEO Todd Becker will be participating in a fireside chat at the BMO Global Farm to Market Conference on May 15. The company will also engage with institutional investors. The webcast and replay will be accessible on the Green Plains website.

Green Plains Inc. reported a net loss of $51.4 million in the first quarter of 2024, with an EPS of ($0.81) compared to an EPS of ($1.20) in the same period last year. Revenues were $597.2 million, down from $832.9 million in 2023. EBITDA was ($21.5) million, an improvement from ($27.7) million in the prior year. Margins were impacted by industry oversupply and lower prices due to a mild winter. The company announced the launch of new specialty feed brand Sequence™ and the world's first commercial-scale Clean Sugar Technology facility. Late-stage negotiations for dextrose corn syrups sales agreements are ongoing.

Green Plains Inc. (NASDAQ:GPRE) will host a conference call on May 3, 2024, to discuss its first quarter 2024 financial results and outlook. Participants can access the call via phone or the company's website.

Green Plains Inc. (GPRE) releases its 2023 Sustainability Report, showcasing progress in carbon reduction, technology innovations, and certifications for food safety and sustainability. The report highlights a 28% reduction in operational greenhouse gas emissions, achievement of Food Safety Certification 22000, sustainability certification from EcoVadis, regenerative agriculture programs, and a 56% reduction in OSHA recordable injury rate.

Green Plains Inc. (NASDAQ:GPRE) introduces Sequence, a specialty feed ingredient with high protein content and low carbon footprint. The brand reflects quality, versatility, and proven nutritional benefits, backed by FSSC 22000 certification. The product is produced using proprietary technology at Green Plains' biorefineries, positioning the company as a leader in the market.

Green Plains Inc. (NASDAQ:GPRE) has initiated the commissioning of a demonstration facility in York, Nebraska, integrating Fluid Quip Technologies' precision separation and processing technology with Shell Fiber Conversion Technology. The facility aims to extract renewable corn oil, produce cellulosic sugars for low-carbon fuels, and enhance Ultra-High Protein feed ingredients. This collaboration between Green Plains and Shell has the potential to revolutionize grain processing and biofuels, offering sustainable solutions for the industry.

Green Plains Inc. (GPRE) announces Todd Becker, President and CEO, will participate in a fireside chat at the 36th Annual ROTH Conference. The company will also engage with institutional investors during the event.