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GPRE Corn Oil Update from their 10K

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vineyardstock   Wednesday, 02/08/12 10:29:03 PM
Re: mitoo post# 25251
Post # of 52388 
GPRE Corn Oil Update from their 10K

Corn Oil Production Segment

Green Plains initiated corn oil production in the fourth quarter of 2010. By September 30, 2011, corn oil extraction equipment was deployed at all nine of the Company's ethanol plants. During the fourth quarter of 2011, the Company produced 31.9 million pounds of corn oil generating operating income of $9.0 million, compared to 5.0 million pounds and $0.9 million, respectively, for the fourth quarter of 2010. For the full year of 2011, the Company produced 96.3 million pounds of corn oil compared to 5.0 million pounds in 2010.

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