Profile: Green Plains Inc (GPRE.O)
Green Plains Inc., incorporated on June 29, 2004, is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.
The ethanol production segment includes the production of ethanol, distillers grains and corn oil at ethanol plants in Illinois, Indiana, Iowa, Michigan, Minnesota, Nebraska, Tennessee, Texas and Virginia. The Company operated 17 dry mill ethanol production plants, located in nine states, that produce ethanol, distillers grains and corn oil, as of December 31, 2016. The Company extracted approximately 0.7 pounds of corn oil per bushel of corn used to produce ethanol, as of December 31, 2016.
Agribusiness and Energy Services
The agribusiness and energy services segment included grain procurement, with approximately 60.3 million bushels of grain storage capacity, and its commodity marketing business, which marketed, sold and distributed ethanol, distillers grains and corn oil produced at its ethanol plants, as of December 31, 2016. The Company also markets ethanol for a third-party producer, as well as buys and sells ethanol, distillers grains, corn oil, crude oil, grain, natural gas and other commodities in various markets. Its agribusiness and energy services segment included five grain elevators in four states with combined grain storage capacity of approximately 11.6 million bushels, and grain storage at its ethanol plants of approximately 48.7 million bushels, as of December 31, 2016. The Company markets the ethanol and produces to local, regional, national and international customers. The Company sells to various markets under sales agreements with integrated energy companies; retailers, traders and resellers in the United States, and buyers for export to Brazil, Canada, Europe and other international markets.
Food and Food Ingredients
The food and food ingredients segment included a cattle feedlot operation with the capacity to support 73,000 head of cattle and grain storage capacity of approximately 2.8 million bushels. The Company also has distribution warehouses located in California, Oregon, Texas and Quebec, Canada.
The Company's master limited partnership, Green Plains Partners LP (the partnership), provides fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. The partnership's assets included 39 ethanol storage facilities, eight fuel terminal facilities and approximately 3,100 leased railcars, as of December 31, 2016.
Green Plains Inc
1811 Aksarben Dr
OMAHA NE 68106-2279
Company Web Links
- UPDATE 1-U.S. ethanol industry nearing breaking point -Green Plains CEO
- CORRECTED-RPT-U.S. ethanol industry nearing breaking point -Green Plains CEO
- U.S. ethanol industry nearing breaking point -Green Plains CEO
- RPT-U.S. ethanol plants expected to cut output on poor margins, oversupply
- U.S. ethanol plants expected to cut output on poor margins, oversupply