Green Plains Announces Groundbreaking at Fourth Ultra-High Protein Installation
26 August 2021 - 6:30AM
Green Plains Inc. (NASDAQ: GPRE) today announced its wholly owned
subsidiary Green Plains Mount Vernon LLC has broken ground on the
construction of Fluid Quip Technologies’ MSC™ system. Mount
Vernon is the fourth Green Plains location to install MSC™ and
is expected to be completed in 2022.
“We are continuing the transformative rollout of our plan to
deploy Ultra-High Protein production across our entire platform,”
said Todd Becker, president and chief executive officer of Green
Plains. “Each groundbreaking further demonstrates the continued
execution of our multi-year transformation to the biorefinery
platform of the future, creating sustainable ingredients that
matter, to help meet growing global protein demand.”
Installation of the Mount Vernon MSC™ system is expected to
take nine to 12 months. It will have the capacity to produce
approximately 54,000 tons of Ultra-High Protein feed annually and
is expected to increase capacity of renewable corn oil – a crucial
low-carbon feedstock for renewable diesel – by 50%. Once Mount
Vernon is online, Green Plains will surpass 250,000 tons of
Ultra-High Protein production annually and provide customers with
internal redundancy unequaled by other corn-based protein
producers.
About Green Plains Inc.Green Plains Inc.
(NASDAQ:GPRE) is a leading biorefining company focused on the
development and utilization of fermentation, agricultural and
biological technologies in the processing of annually renewable
crops into sustainable value-added ingredients. This includes the
production of cleaner low carbon biofuels, renewable feedstocks for
advanced biofuels and high purity alcohols for use in cleaners and
disinfectants. Green Plains is an innovative producer of Ultra-High
Protein and novel ingredients for animal and aquaculture diets to
help satisfy a growing global appetite for sustainable protein. The
Company also owns a 48.9% limited partner interest and a 2.0%
general partner interest in Green Plains Partners LP. For more
information, visit www.gpreinc.com
Green Plains Inc.
ContactsInvestors: Phil Boggs | Senior
Vice President, Investor Relations | 402.884.8700 |
phil.boggs@gpreinc.comMedia: Lisa Gibson |
Communications Manager | 402.952.4971 | lisa.gibson@gpreinc.com
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