Profile: Aventine Renewable Energy Holdings Inc (AVRW.PK)
19 Nov 2013
Aventine Renewable Energy Holdings, Inc. (Aventine) is engaged in marketing and distributing ethanol to energy and trading companies in the United States. In addition to producing ethanol, the Company’s facilities also produce several by-products, such as distillers grain, corn gluten meal and feed, corn germ and grain distillers dried yeast. During the year ended December 31, 2011, the Company’s facilities had a combined total ethanol production capacity of approximately 312 million gallons annually with corn processing capacity of approximately 115 million bushels.
The Company’s principal product is fuel-grade ethanol, an alcohol,l which is derived in the United States principally from corn. Ethanol is sold primarily for blending with gasoline to meet mandates for the required consumption and use of biofuels, as an octane enhancer, as an oxygenate additive for the purpose of meeting fuel emission standards and as a fuel extender.
The Company is also engaged in the sale of by-products, both co-products and bio-products, which result from the ethanol production process. The volume of by-products it produces varies with the level of the Company’s equity production. Scheduled maintenance, along with other non-scheduled operational difficulties, affects the volume of by-products produced. The Company also shift the mix of these by-products.
The Company’s Illinois wet mill facility produces co-products, such as corn gluten feed (both wet and dry), corn gluten meal, corn distillers with soluble (CCDS) and corn germ. In addition, the fermentation process yields carbon dioxide. The Company’s dry mill facilities in Pekin, Illinois, Mt. Vernon, Indiana and Aurora, Nebraska produce co-products, such as DDGS, wet distillers grains with soluble and carbon dioxide. These co-products are sold for various consumer uses into commodity markets. Corn gluten feed, corn gluten meal, CCDS and distillers grains are used as animal feed ingredients, corn germ is sold for the extraction of corn oil for human consumption, and carbon dioxide is sold for food-grade use, such as beverage carbonation and dry ice. Along with co-products, its Illinois wet mill facility also produces bio-products, Kosher and Chametz freegrain distillers dried yeast, which is processed into a growing variety of products for use in animal and human food and fermentation applications.
Aventine Renewable Energy Holdings Inc
1300 S. SECOND STREET
PEKIN IL 61554