Monday, May 14, 2012 1:38:33 PM
The Andersons's third ethanol plant is now extracting corn oil!
Two of ANDE's plants are in a joint venture with Marathon Petroleum (MPC).
That makes three "big oil" plants with GERS technology. (Two MPC one SUN)
All three "big oil" are 110 MGY plants.
Here's the corn oil highlights from the ANDE Q411 call.
6:00 minute mark
"Additionally the plants have invested furthur in corn oil, E-85, and CO2 and these have proven to be profitable business additions."
53:45 mark
"...Investment in existing facilities...an example in ethanol would be corn oil in all of our plants which we're now in that position at this point in time.
"The last corn oil facility is up and running is that correct?"
"Yes it is, all three are running."
Corn oil is now available at all three plants.
http://www.andersonsethanol.com/facilities.asp
"The Ethanol Group operates three ethanol plants for respective LLCs in Indiana, Michigan and Ohio that are collectively capable of producing 275 million gallons of ethanol.
The Andersons manages the 110 million gallon ethanol plant, the largest facility of its kind in Ohio."
This is from Marathon Petroleums website. The Ohio plant is 50% and the Indiana plant is 35% owned by Marathon.
"The Company formed a joint venture with The Anderson's, Inc., The Anderson's Marathon Ethanol LLC, to construct and operate one or more ethanol plants in the U.S. Construction of the first plant, in Greenville, Ohio, began in late 2006, and the plant began production in Feb. 2008. Marathon has also acquired a 35% interest in The Anderson's Clymers Ethanol LLC with a facility in Clymer's, Ind., that began production in May 2007."
http://www.marathonpetroleum.com/brand/News_and_Views/Renewables/
23:30 minute mark
"Reviewing possible expansion opportunities at existing facilities as well as acquisition opportunities in 2012."
ANDE buys infringer Amaizing Energy
I think we can scratch Amaizing Energy off the infringer list. It wouldn't make any sense for three plants to be licensed and one infringing. ANDE considers the technology much the same in all their plants. I think a settlement is one of those contingencies they're working on.
"With much of the same technology in all four plants, we expect to bring additional efficiencies to drive down our cost per gallon, and maximize returns to shareholders as we have successfully demonstrated during the past five years."The transaction, which remains subject to several contingencies, is anticipated to close in the second quarter."
Besides, ANDE management is well known for their high standards, high morals, and their respect for the law. Quite the opposite for ICM.
Good Luck To All!$!$!$
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