Green Plains Renewable Energy Inc. (GPRE) engages in the construction and operation of dry-mill, fuel-grade ethanol production facilities in the United States. Trading on NASDAQ as part of the Specialty Chemicals industry in the Basic Materials sector, the company has their corporate headquarters in Omaha, Nebraska. They are working towards their goal of becoming a vertically integrated, low-cost ethanol producer.
The company operates two plants in Iowa. These two have a combined operating capacity of 110 million gallons of ethanol per year. The processing of corn and/or other biomass produces ethanol. Green Plains is operating one ethanol plant, located in Shenandoah, Iowa. This Shenandoah Plant started producing ethanol on August 23, 2007. They also have another plant in northwestern Iowa near the town of Superior.
Green Plains Renewable Energy also has plans to build other plants at other sites. Their corporate strategy is to further expand their Shenandoah and Superior sites in the future. Their dry-grind ethanol facilities now incorporate some of the most up-to-date process control systems and biotechnology to maximize production yields and quality. In addition, these facilities have reduced plant emissions, which make them some of the most efficient and environmentally friendly in the industry.
Green Plains Renewable Energy also has an agribusiness segment. This segment operates grain storage facilities with a capacity of approximately 19 million bushels. This segment also has a complementary agronomy, feed, and petroleum business as part of their operations.
Green Plains Renewable Energy recently completed production of their first million gallons of ethanol at their Superior, Iowa facility. This plant’s planned operational capacity is 55 million gallons of ethanol annually. The company forecasts the plant to produce 175,000 tons of distiller grains per year. Green Plains began operations at their Superior facility on July 7, 2008.
Founded in 2004, Green Plains Renewable Energy Inc. continues to take output from green acres to produce alternative fuels. They continue to provide benefit to the environment, communities, and their shareholders through the construction and development of their ethanol production facilities. Their mission is to become a leader in the production of renewable energy, while increasing the value of their shareholder’s investments and enhancing the local and national economies in which they operate.
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