Thursday, July 18, 2013 1:19:43 PM
What an excellent purchase!$!$!$ How in the heck did GPRE buy this plant for $.30 per gallon of capacity? Margins are darn near $.30 a gallon! I'm dumbfounded! The superior management at GPRE never ceases to amaze me. Excellent work Mr. Becker and team, hats off to you...
"Green Plains Renewable Energy is paying $15 million in cash for a north-central Nebraska ethanol plant, storage and loading facility.
The Atkinson, Neb., plant has been idle since June 2012 and Green Plains said it will staff and re-start the plant within the next month. Green Plains plans to hire 40 to 45 people.
The Omaha-based ethanol producer has signed a purchase agreement to buy the membership interests of Choice Ethanol Holdings LLC, which owns the former NEDAK Ethanol LLC plant in Atkinson. A storage and loading facility located about 15 miles east of the plant were also part of the deal.
Green Plains said that the dry-mill ethanol plant about 200 miles northwest of Omaha will add about 50 million gallons of operating capacity to the company's annual production capacity of 740 million gallons.
President and CEO Todd Becker said in a statement the acquisition expands the company's ethanol production platform and aligns with its strategy of growing the business and enhancing long-term shareholder value.
Marketing and distributing about one billion gallons of ethanol each year, Green Plains is North America's fourth largest ethanol producer.
“The plant meets our disciplined acquisition criteria and we have a deep understanding of this technology, size and geographic area,” Becker said. “We believe we can rapidly improve the overall performance of this plant.”
The company also plans to install corn oil extraction technology by the fourth quarter of 2013.
The Atkinson plant uses Delta-T processing technology. Located on the BNSF rail line, the ethanol storage facility holds about 24,000 barrels of ethanol.
The company, which has ethanol plants in six states, already operates plants elsewhere in Nebraska: Ord and Central City. It also owns a grain storage facility in St. Edward.
Todd Sneller, administrator for the Nebraska Ethanol Board, said he had been concerned the plant could be sold and relocated. Keeping it in Atkinson and run by a Nebraska-based company “is very good news not only for Atkinson, but the state” because it will employ people here, he said."
http://www.omaha.com/article/20130603/MONEY/706049999/1697
Good Luck To All!$!$!$!$!$!$
Recent GPRE News
- Green Plains to Participate in Jefferies Industrials Conference • Business Wire • 08/27/2024 08:15:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/06/2024 08:35:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/06/2024 10:57:02 AM
- Green Plains Reports Second Quarter 2024 Financial Results • Business Wire • 08/06/2024 10:55:00 AM
- Green Plains to Host Second Quarter 2024 Earnings Conference Call on August 6, 2024 • Business Wire • 07/16/2024 08:15:00 PM
- Green Plains and Tharaldson Ethanol Announce Successful Start-Up of MSC™ System • Business Wire • 07/09/2024 12:00:00 PM
- Green Plains Announces Updates on ‘Advantage Nebraska’ Carbon Capture Project • Business Wire • 06/18/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 09:08:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 09:06:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 09:02:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:59:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:57:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:54:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:46:56 PM
- Green Plains to Participate in BMO Global Farm to Market Conference • Business Wire • 05/07/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/07/2024 08:13:31 PM
- Form S-3ASR - Automatic shelf registration statement of securities of well-known seasoned issuers • Edgar (US Regulatory) • 05/06/2024 08:41:28 PM
- Green Plains Reports First Quarter 2024 Financial Results • Business Wire • 05/03/2024 10:55:00 AM
- Green Plains to Host First Quarter 2024 Earnings Conference Call on May 3, 2024 • Business Wire • 04/18/2024 08:05:00 PM
- Green Plains Releases 2023 Sustainability Report • Business Wire • 04/09/2024 12:30:00 PM
- Green Plains Unveils New Specialty Feed Ingredient Brand • Business Wire • 04/04/2024 12:30:00 PM
- Green Plains Begins Commissioning of the Demonstration Facility Combining Fluid Quip Technologies’ MSC™ with Shell Fiber Conversion Technology • Business Wire • 03/25/2024 12:15:00 PM
- Green Plains to Participate in 36th Annual ROTH Conference • Business Wire • 03/11/2024 08:15:00 PM
- Green Plains to Participate in Bank of America 2024 Global Agriculture and Materials Conference • Business Wire • 02/21/2024 09:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 09:24:19 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM