Tag: Green Plains

Green Plains secures $75M funding and chooses Wood River for second MSCTM location

Green Plains secures $75M funding and chooses Wood River for second MSCTM location

July 30, 2020 |

In Nebraska, Green Plains says it has received final credit approval for a $75 million, 15 year term loan facility that will support the execution of its protein strategy. The new loan, which is subject to final documentation, is expected to close by the end of the third quarter at which time additional details of […]

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Ethanol industry evolving in COVID-19 world – from biofuel to hand sanitizer, adapting is necessary

Ethanol industry evolving in COVID-19 world – from biofuel to hand sanitizer, adapting is necessary

July 19, 2020 |

Being flexible and adapting to a shifting environment is not just about Darwinism, but about survival in a changing world quickly. Just this week, Green Plains shifted one of their Nebraska facilities to make FCC grade alcohol to be used for producing hand sanitizer. Lactips developed a solution to produce water-soluble strips for sealing COVID-19 […]

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Green Plains files class action suit against ADM alleging Chicago Argo price manipulation

Green Plains files class action suit against ADM alleging Chicago Argo price manipulation

July 15, 2020 |

In Illinois, Reuters reports that Green Plains has filed a class action lawsuit against Archer Daniels Midland with the U.S. District Court of Nebraska, saying that the company not only manipulated the price of ethanol at its Argo terminal to increase its profit but that it was done with the knowledge of senior ADM executives. […]

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Green Plains sees boost to biofuel post-pandemic as people avoid public transport

Green Plains sees boost to biofuel post-pandemic as people avoid public transport

May 5, 2020 |

In Nebraska, Bloomberg reports that as COVID-19 stay in place restrictions ease, people will move away from public transport and opt for private vehicles, giving a boost to biofuel demand. Calling it a “potential tailwind”, Green Plains’ CEO says that post-COVID-19 will look different than before the pandemic and could help to boost demand for […]

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Green Plains expects 4B gallons of ethanol production to come offline by end-April

Green Plains expects 4B gallons of ethanol production to come offline by end-April

March 30, 2020 |

In Iowa, Bloomberg reports that Green Plains expects as much as 4 billion gallons of ethanol production to come offline by the end of April, twice as much as the Renewable Fuels Association predicted would shut down by the end of March. With oil prices falling to $20 a barrel and COVID-19 keeping drivers off […]

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Green Plains to invest $400 million in business model revamp putting ethanol on backburner

Green Plains to invest $400 million in business model revamp putting ethanol on backburner

February 11, 2020 |

In Illinois, Reuters reports that Green Plains has decided to drastically reorganize its business model so that ethanol becomes a low margin byproduct following a three-year, $400 million investment plan meant to change its focus to high-protein animal feed. With the company’s ethanol revenue last year down nearly 20% on the year, the lowest since […]

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Green Plains and Novozymes team on exclusive deal to commercialize high protein ingredients

Green Plains and Novozymes team on exclusive deal to commercialize high protein ingredients

December 18, 2019 |

In Nebraska, Green Plains Inc. and Novozymes announced an exclusive partnership and commercialization agreement for biological solutions in the production of high protein ingredients. The partnership will be aimed at aquaculture, pet food, as well as novel ingredients to be used in the global protein markets. The collaboration will utilize the biorefinery footprint, process know-how, […]

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Green Plains and Novozymes Partner in Protein Production

Green Plains and Novozymes Partner in Protein Production

December 16, 2019 |

Using biological solutions, exclusive partnership to create functional proteins that provide customers with superior nutritional benefits for animal feeds. Green Plains and Novozymes’ collaboration will utilize the biorefinery footprint, process know-how, and global distribution capabilities of Green Plains together with Novozymes’ vast expertise in microbiology to create a diverse range of value-added products resulting in […]

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Green Plains CEO sees significant industry consolidation on the horizon

Green Plains CEO sees significant industry consolidation on the horizon

July 30, 2019 |

In Iowa, Reuters reports that the CEO of Green Plains feels the ethanol industry is at its breaking point between a drop in ethanol export demand from China due to the ongoing US-Sino trade war and continued issuance of hardship waivers for small oil refineries under the Renewable Fuel Standard. He said that some ethanol […]

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Green Plains announces offering of $105 million in convertible senior notes

Green Plains announces offering of $105 million in convertible senior notes

June 19, 2019 |

In Nebraska, Green Plains Inc. announced the pricing of its offering of $105 million aggregate principal amount of convertible senior notes due 2024, which was upsized from the previously announced $100 million aggregate principal amount of notes. The notes are to be offered and sold in a private placement to qualified institutional buyers (as defined […]

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