As you can see from this 14 June 2010 Presser, United Ethanol signed on as a GreenShift customer. We now get news that the corn oil is NOW in production and the first truck is on the way to market! Great News for all concerned!
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The latest news at United Ethanol is completion of our corn oil extraction system on Jan. 12, 2011. We are still fine tuning operational parameters to optimize production; but, corn oil sales have already begun. The demand for it has been very strong due to extremely high-priced soy oil and a firm necessity from the biodiesel industry. Once up to peak production, this process should produce 20,000 pounds of corn oil per day; at current pricing, this should add an additional $10,000 of revenue per day.
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The latest news at United Ethanol is completion of our corn oil extraction system on Jan. 12, 2011. We are still fine tuning operational parameters to optimize production; but, corn oil sales have already begun. The demand for it has been very strong due to extremely high-priced soy oil and a firm necessity from the biodiesel industry. Once up to peak production, this process should produce 20,000 pounds of corn oil per day; at current pricing, this should add an additional $10,000 of revenue per day.***************
“The corn oil extraction system project is complete with product sales in motion, . . "SEE HERE
SkunK
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2 comments:
Hello COES #24!
GPRE Otter Tail approved!
Press Release Source: Green Plains Renewable Energy On Thursday February 17, 2011, 4:05 pm
OMAHA, Neb., Feb. 17, 2011 (GLOBE NEWSWIRE) -- Green Plains Renewable Energy, Inc. (Nasdaq:GPRE - News) announced today that its bid to purchase certain assets of Otter Tail Ag Enterprises, LLC was accepted by the bankruptcy court overseeing the auction process. The addition of the 55 million gallon per year dry-mill ethanol plant near Fergus Falls, MN brings Green Plains' total expected production capacity to approximately 715 million gallons annually. Green Plains will finance the $55 million acquisition with cash and financing from a group of nine lenders, led by AgStar Financial Services.
"The Fergus Falls plant is in a great location with ample feedstock and an excellent workforce," stated Todd Becker, President and CEO of Green Plains Renewable Energy. "We are continually looking for opportunities to expand production at reasonable valuations and adding this operating plant to our business is a solid fit for us. We believe this acquisition will be accretive to 2011 earnings."
Green Plains expects to complete the acquisition in March 2011.
looking good, staying long
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