GPRE brings second plant on line

By Suzanne Schmidt | July 08, 2008
Web exclusive posted July 17, 2008 at 2:47 p.m. CST

Green Plains Renewable Energy Inc. has commenced production at its newly constructed 55 MMgy corn-based ethanol plant in Superior, Iowa.

The Superior ethanol plant is the second GPRE ethanol facility. The first plant is located in Shenandoah, Iowa, and according to GPRE has been producing above nameplate capacity since going online in August 2007. The facilities are approximately 208 miles apart and together will have a production capacity of 110 MMgy.

"Green Plains operates gain storage and merchandising, agronomy, feed and petroleum business in close proximity to the Superior plant," said Wayne Hoovestol, chief executive officer of GPRE. "Combined, these businesses complement and add value to each other. The ethanol facility benefits primarily from the access to reliable grain supplies. The agribusiness segment benefits from a consistent market for the grain they originate. In the future, Green Plains intends to further consolidate and integrate entities within the ethanol value chain in order to manage risks, reduce costs and increase efficiencies."

The Superior plant completed its first grind of corn on July 7. GPRE said the second plant was made possible by the continued support of local farmers, community leaders, contractors, employees, and investors. "Green Plains is enthusiastic and excited to be working with area producers to further stimulate local economic growth and reduce our nations' dependence on foreign oil," Hoovestol said.