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 biorefining company focused on renewable fuels and sustainable, high-impact ingredients, and its news flow reflects this low-carbon strategy. The company describes itself as advancing the transition to a low-carbon world by using agricultural, biological and fermentation expertise to convert annually renewable crops into low-carbon energy and sustainable feedstocks. News about Green Plains often highlights developments in its ethanol production, agribusiness and energy services segments, as well as progress on carbon reduction initiatives.
Investors following GPRE news can expect regular updates on financial results, including quarterly earnings releases and conference call announcements, where the company discusses segment performance, ethanol volumes, crush margins and the impact of programs such as the 45Z clean fuel production tax credit. Green Plains also issues news on capital structure actions, such as exchange and subscription transactions for its Convertible Senior Notes and related share repurchases.
Another key news theme is carbon capture and storage (CCS). The company has reported the startup and operation of CCS equipment at its Nebraska facilities in York, Central City and Wood River, and the capture and permanent sequestration of biogenic CO2 via the Trailblazer pipeline to a sequestration hub in southeast Wyoming. These updates illustrate how Green Plains integrates CCS into its low-carbon platform and tax credit strategy.
Corporate governance and leadership changes are also covered in Green Plains’ news, including the appointment of a Chief Executive Officer, Chief Financial Officer and General Counsel and Secretary. In addition, transaction-related announcements, such as the sale of the Tennessee ethanol plant and related balance sheet effects, provide insight into portfolio optimization decisions. For a comprehensive view of GPRE’s evolving strategy, operations and financing, readers can review the ongoing stream of press releases and regulatory news items associated with the company.
Green Plains Inc. (NASDAQ:GPRE) will feature CEO Todd Becker and Ospraie's Dwight Anderson in a webinar titled “Agtech, Protein and the Biorefinery” on January 28, 2021, at 1:00 p.m. Central time. They will discuss Green Plains' recent acquisition of Fluid Quip Technologies LLC, focusing on Ultra-High Protein production, renewable corn oil, and clean sugar technology. Additionally, they will highlight advancements at the Green Plains York Innovation Center, emphasizing sustainable alternative proteins and synthetic biology. The session will be available on the company's website.
Green Plains Inc. (NASDAQ:GPRE) will announce its fourth quarter and full year 2020 financial results on February 9, 2021, after market closure. A conference call to discuss the results will be held on February 10, 2021, at 11 a.m. ET. The company focuses on biorefining, creating low carbon biofuels and high purity alcohols, and also holds significant interests in Green Plains Partners LP. Investors can join the call by dialing provided numbers or accessing via the company websites.
Green Plains (NASDAQ:GPRE) and Ospraie Management announced the construction of a Clean Sugar Technology™ (CST) production facility at the York Innovation Center. This facility will transform dry milling operations into a biorefinery, making dextrose the main output instead of ethanol. Initial production is expected to reach 2.5 million pounds per year by Q1’s end. The technology aims to reduce carbon intensity and meet growing demand across various industries, particularly food production and renewable chemicals.
Green Plains Inc. (NASDAQ:GPRE) has successfully completed its upgrade to produce United States Pharmacopeia (USP) Grade alcohol at its York, Neb. biorefinery. This upgrade allows the facility to produce up to 50 million gallons per year, catering to the demand for high-purity alcohol in cleaning products and sanitizers. The company plans to further enhance capabilities by upgrading to Grain Neutral Spirits (GNS) to target beverage alcohol markets. These developments are expected to strengthen Green Plains' financial position and support its Ultra-High Protein project.
Green Plains (NASDAQ:GPRE) has acquired a majority interest in Fluid Quip Technologies, led by Ospraie Management LLC, to enhance sustainable agriculture solutions. This partnership aims to utilize advanced technologies to produce high-concentration protein ingredients for pet food and aquaculture markets. The collaboration will boost Green Plains' production capabilities and accelerate the deployment of Ultra-High Protein technology. By transitioning from a commodity processor to a value-added technology firm, Green Plains seeks to improve its market position, reduce carbon impact, and optimize operational efficiencies.
Green Plains Inc. (NASDAQ:GPRE) announced the sale of its Hereford, Texas ethanol plant to Hereford Ethanol Partners, L.P. for $39 million, plus working capital. An earnout provision of up to $75 million based on future earnings related to Low Carbon Fuel Standard credits is included. The company also reported the sale of storage assets for $10 million, with proceeds used to repay debt. With a focus on sustainable biofuels and grain processing, Green Plains remains committed to its diversified operations.
Green Plains Inc. (NASDAQ:GPRE) has announced the sale of its Hereford, Texas ethanol plant to Hereford Ethanol Partners, L.P. for $39 million, plus potential future earnings of up to $75 million. This strategic move enables Green Plains to refocus on its Ultra-High Protein technology and sustainable protein production. The company anticipates a pre-tax, non-cash charge of approximately $23 million related to this transaction, expected to close within 30 days. Green Plains will also acquire storage and transportation assets for $10 million as part of the deal.
Green Plains Inc. (NASDAQ:GPRE) will have Todd Becker, president and CEO, present at the Stephens Annual Investment Conference on Nov. 18, 2020, at 2:00 p.m. ET. This virtual event will include a live webcast accessible on the Investors page of Green Plains’ website. The company is recognized as a leading corn processor and is engaged in sustainable biofuels production and high-protein feed ingredients. Additionally, Green Plains holds significant interests in Green Plains Partners LP, enhancing its market position.
Green Plains Inc. (NASDAQ:GPRE) reported a net loss of $34.5 million, or $(1.00) per diluted share, for Q3 2020, including a non-cash tax charge of $13.8 million. Revenues fell to $424.1 million from $632.4 million year-over-year. Adjusted EBITDA increased to $8.8 million. The company anticipates a stronger Q4 driven by improved market conditions and the completion of its USP upgrade at York. It also selected its Obion facility for ultra-high protein technology, expecting production by late 2021, with an investment of approximately $60 million.
Green Plains (NASDAQ: GPRE) has partnered with Japan's Hayashikane Sangyo to enhance aquaculture markets. This collaboration aims to provide innovative feed solutions based on Hayashikane's proprietary technology, particularly focusing on recirculating aquaculture systems (RAS) in North America. The partnership aligns with Green Plains’ strategy to develop value-added, ultra-high protein ingredients for fish feed. This initiative is not only expected to boost Green Plains’ position in the aquaculture industry but also emphasizes its commitment to sustainable practices and technological advancements.
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