Green Plains Renewable Energy (GPRE) To Begin Extracting Corn Oil At Ethanol Plants

Waste not, want not: Green Plains Renewable Energy just announced that they will begin extracting corn oil at its ethanol plants, a project the company expects to supplement its operating income with an additional $15 million to $19 million per year.  Green Plains expects to have the technology in place at all of its plants by the first quarter of next year.

===> Click Here For Your FREE Green Plains Analysis

In a press release, Todd Becker, President and Chief Executive Officer of Green Plains Renewable Energy, commented:

“Our objective is to continue to diversify our cash flows and to de-risk our overall platform. This project allows us to realize additional income streams from value-added co-products. The production of 75 million to 90 million pounds of corn oil per year will generate substantial recurring free cash flows and excellent returns on invested capital.”