Cost of Corn Oil Additive

The SkunK has followed the public story of Lincolnway's COE.  Here they give us a look at the cost of the additive they use. 
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Lincolnway Energy estimates that it will produce and sell approximately 4,700 tons of corn oil per year at the plant. Lincolnway Energy does not, however, anticipate that corn oil will be a material product of Lincolnway Energy because Lincolnway Energy’s corn oil sales were approximately $1,200,000 and $1,500,000 and $3,400,000 respectively, for the fiscal years ended September 30, 2009 and September 30, 2010, and September 30, 2011 which represented less than 2%, of Lincolnway Energy's total revenues for those respective fiscal years. Lincolnway Energy's oil sales did increase approximately 127% compared to the prior year. This was due to an additive that was added to the process to improve the oil yield. The cost of the additive for the year was approximately 8% of corn oil revenue.


See Here page 4
 
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Litigation
Here is what they said a year ago:
"The case has been transferred to the United States District Court for the Southern District of Indiana pursuant to Multi-District Litigation proceedings. No initial disclosures have yet been exchanged and no discovery has yet been completed. Lincolnway Energy is therefore unable to determine at this time if the Complaint will have a material adverse effect on Lincolnway Energy."
 
Here is what they told their investors this year:
 
"The case has been transferred to the United States District Court for the Southern District of Indiana pursuant to Multi-District Litigation proceedings. The initial claims construction hearing has been held, and the United States District Court has construed the disputed terms. Various discovery activities, motions and other procedural actions have also been made or taken. Lincolnway Energy, however, is unable as of the date of this annual report to determine if the Complaint will have a material adverse effect on Lincolnway Energy".



SkunK