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) reports recurring developments from its biorefining business, which transforms renewable crops into ethanol, low-carbon energy and feedstocks, distillers grains, Ultra-High Protein and renewable corn oil. Company news commonly covers quarterly results, ethanol margins, plant utilization, co-product performance, carbon program activity and Section 45Z clean fuel production tax credit value.
Updates also include agribusiness and energy services activity such as grain handling, storage, commodity marketing and merchant trading for company-produced and third-party commodities. Additional announcements address executive appointments, corporate governance roles and participation in agriculture, materials and chemicals investor conferences.
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.
Green Plains Inc. (NASDAQ:GPRE) has sold its remaining 50% stake in Green Plains Cattle Company LLC for approximately $80 million, effective October 1, 2020. This strategic move has added $96 million to their liquidity, aiming to redirect capital towards a technology-focused biorefining platform that produces high-value, sustainable ingredients. Over the past six years, Green Plains Cattle Company grew to become the fourth largest cattle feeder in the U.S. The transaction supports their goal to enhance their high-protein technology initiative, facilitating nearly $225 million in total liquidity for the company.
Green Plains Inc. (NASDAQ:GPRE) plans to release its third quarter 2020 financial results on November 4, 2020, and will host a conference call on November 5, 2020, at 11 a.m. ET. The call will discuss Q3 performance and future outlook. Interested parties can participate by calling designated numbers or accessing the call via the company's website. Green Plains is a leading corn processor focusing on sustainable biofuels and high-protein feed ingredients. The company holds significant interests in Green Plains Cattle Company and Green Plains Partners LP.