Green Plains is an Iowa corporation, founded in June 2004 as an ethanol producer.
We have grown through acquisitions of operationally efficient ethanol production
facilities and adjacent commodity processing businesses. We are focused on generating
stable operating margins through our diversified business segments and risk
management strategy. We own and operate assets throughout the ethanol value
chain: upstream, with grain handling and storage; through our ethanol production
facilities; and downstream, with marketing and distribution services to mitigate
commodity price volatility, which differentiates us from companies focused only
on ethanol production. Our other businesses leverage our supply chain, production
platform and expertise.
·
Ethanol Production. Our ethanol production segment includes the production of
ethanol, distillers grains and corn oil at 17 ethanol plants in Illinois, Indiana,
Iowa, Michigan, Minnesota, Nebraska, Tennessee, Texas and Virginia. At capacity,
we expect to process approximately 524 million bushels of corn per year and
produce approximately
1.5 billion gallons of ethanol, 4.1 million tons of distillers grains and 340
million pounds of industrial grade corn oil, making us the second largest consolidated
owner of ethanol plants in North America.
·
Agribusiness and Energy Services. Our agribusiness and energy services segment
includes grain procurement, with approximately 60.3 million bushels of grain
storage capacity, and our commodity marketing business, which markets, sells
and distributes ethanol, distillers grains and corn oil produced at our ethanol
plants. We also market ethanol for a third-party producer as well as buy and
sell ethanol, distillers grains, corn oil, crude oil, grain, natural gas and
other commodities in various markets.
·
Food and Food Ingredients. Our food and food ingredients segment includes a
cattle feedlot operation with the capacity to support 73,000 head of cattle
and grain storage capacity of approximately 2.8 million bushels, and Fleischmann’s
Vinegar, one of the world’s largest producers of food-grade industrial
vinegar.
·
Partnership. Our master limited partnership provides fuel storage and transportation
services by owning, operating, developing and acquiring ethanol and fuel storage
tanks, terminals, transportation assets and other related assets and businesses.
The partnership’s assets include 39 ethanol storage facilities, 8 fuel
terminal facilities and approximately 3,100 leased railcars.
Grow Organically. We continually leverage our operational expertise to identify
expansion projects that maximize our production capabilities at our ethanol
and vinegar plants, and cattle feedlot operations. Owning grain storage at or
near our ethanol plants allows us to develop relationships with local producers
and originate corn more effectively at a lower average cost. We also seek organic
growth projects in adjacent businesses and downstream distribution services
that take advantage of our existing assets’ locations.
Acquire Strategic Assets. We maintain a disciplined evaluation process in pursuit
of strategic assets, taking into consideration rigorous design, engineering,
financial and geographic criteria, to ensure the assets will generate favorable
returns. We seek acquisitions that leverage our core competencies in adjacent
markets, products and services with attractive margins or more predictable revenue
streams.
Conduct Safe, Reliable, Efficient Operations and Improve Operational Efficiency.
We are committed to maintaining safe, reliable and environmentally compliant
operations and employ an extensive production control system at each ethanol
plant to continuously monitor performance. We use the performance data to develop
strategies that can be applied across our platform. In addition, we research
operational processes that may enhance our efficiency by increasing yields,
lowering processing cost per gallon and growing production volumes.
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