Green Plains believes it can boost Hopewell plant economics by 40 cents a gallon

November 4, 2015 |

In Virginia, Green Plains believes it can improve the plant economics of its new acquisition in Hopewell by up to 40 cents a gallon. Between investing $500,000 to improve DDGS quality that will boost returns by 10 cents a gallon, improving human resources management while keeping on current staffing levels to save 20 cents a gallon, and recovering another 10 cents a gallon by adding corn oil production, the company is confident it can turn the plant around. It also has ambitious plans to use the facility as a transportation hub for both ethanol and DDGS from other plants for supply into the local market and for exports.

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