Green Plains Announces Groundbreaking at Third Ultra-High Protein Installation
July 01 2021 - 4:05PM
Green Plains Inc. (NASDAQ: GPRE) today announced its wholly owned
subsidiary Green Plains Central City LLC has broken ground on the
construction of Fluid Quip Technologies’ MSCTM system. Central City
is the third Green Plains location to install MSC™, behind
Shenandoah, which started up in April 2020, and Wood River,
expected to start up during the third quarter of 2021.
“Breaking ground on our third Ultra-High Protein installation
further demonstrates our clear commitment to the complete
transformation of Green Plains’ facilities into the biorefinery
platform of the future,” said Todd Becker, president and chief
executive officer of Green Plains. “We are systemically executing
on our strategic plan to become a world-class ag-tech company
providing high-protein, novel feed ingredients with a unique yeast
component.”
The Central City MSC™ system is scheduled to come online in
the second quarter of 2022 and will have the capacity to produce
approximately 72,000 tons of Ultra-High Protein feed annually at
concentrations of 50% or higher. Protein content can be tailored to
species-specific ration requirements. Ultra-High Protein also
contains a 25% spent yeast component, which aids in digestion and
enhances performance parameters, including immune function and feed
efficiency.
At full scale, Green Plains’ anticipated annual Ultra-High
Protein production capacity will be approximately 600,000 tons. The
MSC™ technology is also expected to increase renewable corn
oil capacity by 50%. Corn oil is an important low-carbon feedstock
for the production of renewable diesel.
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 & Treasurer | 402.884.8700 |
phil.boggs@gpreinc.comMedia: Lisa Gibson |
Communications Manager | 402.952.4971 |
lisa.gibson@gpreinc.com
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