Green Plains Announces Groundbreaking at Obion Protein Technology Installation
24 November 2021 - 9:02AM
Green Plains Inc. (NASDAQ: GPRE) today announced its wholly-owned
subsidiary Green Plains Obion LLC has broken ground on the
construction of Fluid Quip Technologies’ MSC™ system. Obion is
the fifth Green Plains location to install the
MSC™ technology, with completion expected in 2022. Fagen, Inc.
will be the EPC general contractor, as the exclusive partner for
all Green Plains’ MSC™ installations.
“As we install Fluid Quip’s market-leading technology suite
across our platform, we are adding value to our ingredients and
providing novel nutritional solutions for our customers,” said Todd
Becker, president and chief executive officer of Green Plains. “Our
transformation into a customer-centric, value-added ingredient
producer is well underway. Our location in Tennessee is suited to
service nutritional demand across multiple species, and is
geographically ideal to satisfy global demand for our
products.”
Obion will have the capacity to produce approximately 70,000
tons of Ultra-High Protein annually and is expected to increase
renewable corn oil production by 50%. At full scale, Green Plains’
anticipated annual Ultra-High Protein production capacity will be
approximately 600,000 tons, and renewable corn oil capacity is
anticipated to be approximately 400 million pounds. Renewable corn
oil is a highly sought-after low-carbon intensity feedstock for the
rapidly expanding renewable diesel market.
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 | Executive
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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