Why the price rose 7.43% today
- Green Plains (NASDAQ: GPRE) stock price rose 7.43% today. That is why.
Green Plains (NASDAQ: GPRE) stock price rose 7.43% today. Investors are reacting positively to Green Plains’ announcement that product and technology innovation efforts have led to the production of protein concentrations greater than 60% with yields as high as 4 pounds per bushel at its biorefinery of Wood River, Nebraska, using patented Fluid Quip technologies. MSC system.
This breakthrough was accomplished through a large-scale production change in the plant’s entire fermentation and production processes. Modifications to the trial have also resulted in record yields of renewable low-carbon corn oil of up to 1.4 pounds per bushel, further expanding the company’s ability to supply a strategic feedstock to the fast-growing renewable diesel market.
Internal and external product validation efforts are underway to assess additional nutritional value beyond protein concentration levels and begin formulation of a variety of diets for aquatic animals, pets and swine . And products from the Wood River trial will be included in aquatic diets produced on multiple extrusion rigs at the company’s Omaha Innovation Center, then validated through customer diet trials. and internal to its Shenandoah Aqualab, creating a unique end-to-end, in-house innovation platform. With the opening of its Innovation Center in Omaha, Green Plains now operates 3 Innovation Centers, enabling it to scale from benchtop production, scale-up, animal feed to food testing. Finished products.
“We believe that for the first time in history, a dry biorefinery has been able to achieve protein concentrations above 60% with yields approaching 4 pounds per bushel, which can significantly improve the economics of a biorefinery. This is a truly game-changing event as we believe that no other technology exists at this commercial scale that can deliver 60% or more of fermented, pre-digested protein products capable of radically transforming the way we feed the world. As we began our journey to transform our facilities into the biorefineries of the future, we expected to achieve higher protein levels over time, but this trial is quickly exceeding our expectations. Our speed of innovation will continue to accelerate as we work together with our customers to deliver even more value.
“With this success, the disruptive and transformational technologies we are deploying demonstrate the potential to move away from historical volatility and continue to unlock the true value of Fluid Quip Technologies’ leading agri-tech platform for Green Plains, our partners. , our customers and our shareholders. look alike. Between MSC proteins and ingredients, renewable low-carbon corn oil and clean sugar technology, and our exclusive partnership with Novozymes, we believe the strength of our innovative IP portfolio is unmatched in the farming today. We now have a deep understanding of how to optimize our patented MSC technology with additional engineering mechanical modifications and biological formulation upgrades. We will continue to develop this process to completely transform our current operations while remaining on track to meet our 2024-25 goals. »
— Todd Becker, President and CEO
“While 50% protein was the starting point, we believe that the plant- and yeast-based fermented protein market exhibits significant price inelasticity, as they are viewed as nutritional solutions and do not trade as base products. We are in advanced discussions with global customers to use this breakthrough product to meet specific needs through our fermentation and innovation platform. We are focused on building long-term relationships and becoming a leading supplier of sustainable, low-carbon and antibiotic-free ingredients.
— Leslie van der Meulen, Executive Vice President, Product Marketing and Innovation
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