In premarket trading today, Green Plains Inc. (GPRE) shares dropped -5.82% to trade at $33.00. To close Wednesday’s session at $35.04, the GPRE stock lost -7.25%. The volume of GPRE stock remained 0.96 million shares, which was lower than the average daily volume of 1.0 million shares within the past 50 days. In the past week, GPRE stock increased by 5.73%, making it a 165.45% rise over the past 12 months. In the past three months, GPRE stock has gained 10.12%, while in the past six months it is up 71.68%. Further, the current market value of GPRE is $1.53 billion, while its outstanding shares have been recorded at 48.20 million. A turnkey installation of one of the company’s exclusive partners has driven GPRE stock to a higher premarket.
What is GPRE Stock installing?
Green Plains is a prominent biorefining firm that specializes in the development and use of fermentation, agronomic, and biological technologies in the transformation of yearly renewable crops into long-term value-added components. Cleaner low carbon biofuels, renewable feedstocks for advanced biofuels, and high purity alcohols for use in cleansers and disinfectants are all part of the GPRE process. GPRE is a cutting-edge manufacturer of Ultra-High Protein and new ingredients for animal and aquaculture diets, helping to meet the world’s rising need for sustainable protein. Green Plains Partners LP is also owned by GPRE, which has a 48.9% limited partner stake and a 2.0% general partner interest.
Green Plains revealed to exclusive partners yesterday a turnkey solution for the installation of Fluid Quip Technologies’ MSC system.
- GPRE will offer up to 50% of financing to its turnkey partners, as well as marketing and product development for the Ultra-High Protein and post-MSC distillers grains.
- GPRE will also assist clients in maximizing product value by utilizing its exclusive relationships and internal knowledge.
- Quality assurance and control (QA/QC), engineering, project management, and construction services will all be included in GPRE’s turnkey solutions, as well as collaboration on any non-recourse project finance.
- Offering a complete solution is a big step forward for GPRE in its biofuels sector transformation.
- As GPRE’s facilities completely convert into model biorefineries of the future, these turnkey solutions provide a chance for the industry to develop alongside it.
- GPRE considers that this is the most disruptive event in the business since its creation and that the technology’s potential will be maximized through these matched relationships.
- The GPRE’s first turnkey partner is Tharaldson Ethanol near Casselton, North Dakota, with permits well completed and construction set to begin this year.
- At the 175 million-gallon plant, GPRE and Tharaldson have created a 50/50 joint venture to own and manage the MSC protein technology.
- At full capacity, GPRE anticipates annual Ultra-High Protein output to reach 105,000 tonnes.
GPRE’s further efforts:
Green Plains (GPRE) is in talks with a number of parties and has the ability to expand to more partners. For this joint venture and any future turnkey projects, Fagen, Inc. is planned to operate as the only general contractor. The MSC technology rollout at Tharaldson, which is anticipated to be finished in 2022, will take place in tandem with GPRE’s current MSCTM installations, which are expected to be completed by the end of 2023.
