Monday, May 14, 2012 1:34:55 PM
Breaks Production Record!
"We are now one-fourth of the way into this new year of
2012, and things thus far are shaping up a little better than we
had anticipated.
The price of ethanol was relatively unchanged from a year
ago, but our sales increased by 1.5 million gallons, plus we had
our highest quarter of production ever, breaking the old record
set just last quarter.
Also adding to increased sales was dried distillers grain being
higher by $27.00 per ton compared to a year ago at this time,
plus CORN, LP has now had a full quarter of corn oil production.
You may recall the corn oil extraction systems was first
added in February of 2011, however between then and the start
of this first quarter of 2012 we have been fine-tuning the
process so that it was not until we were already into the fourth
quarter of 2011 that corn oil production was firmly on-line.
While the impact those items will have on CORN, LP as we
move forward into 2012 and the future will indeed be significant,
there is one more item I want to touch briefly on that I
also mentioned during my Annual Meeting presentation.
That item is the exciting news which was announced at he
Annual Meeting that this year CORN, LP will begin the process
of converting the plant over from a coal powered plant to one
that operates on natural gas."
The existing packing was not designed for the high rates of
production the plant is currently kicking out, and by that I
mean our 55,000,000 gallons of ethanol per year design is, at
times, kicking out at a rate equivalent to 64,500,000 gallons per
year.
Not only do savings of this magnitude dramatically strengthen
the balance sheet at CORN, LP, they also create additional
opportunities for us to more aggressively investigate other costsaving
and income-enhancing opportunities."
http://cornlp.com/Newsletters/May2012.pdf
I can't help but wonder if "investigate other costsaving
and income-enhancing opportunities" has anything to do with Greenshift's other technologies that they say producers are now taking interest in. Nice to see corn LP braking records and having corn oil "firmly on-line".
Good Luck To All!$!$!$!$!$!$!$
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