In the decade since we opened our first facility in Shenandoah, Iowa, we added 16 plants across 9 states to our platform. Operating at full capacity, these plants can process 14.5 million tons of corn per year, resulting in approximately 1.5 billion gallons of ethanol and 4.1 million tons of distillers grains, and recovering nearly 360 million pounds of corn oil. Green Plains is the second largest consolidated owner of ethanol plants in North America.
As demand for ethanol – the most cost-effective octane molecule on the planet – continues its worldwide climb, we are prepared to make the next decade of growth even more amazing than the last.
Food & Ingredients
Performance from our food and ingredients segment continues to progress thanks to strategic acquisitions and organic growth across all areas. Our wholly-owned subsidiary, Fleischmann’s Vinegar Company, is the world’s largest manufacturer and marketer of vinegar, and our feedlot operations can now handle over a quarter million head of cattle at our locations in Colorado, Kansas and Texas.
As this segment develops, we are constantly monitoring the landscape for additional, prudent expansion opportunities in this area.
Agribusiness & Energy Services
Our in-house trade group extends our industry-related expertise into the marketing arena. Not only does it provide sales, marketing and distribution services for our ethanol, distillers grains and corn oil, it also purchases and markets ethanol from other independent producers to leverage pricing arbitrage.
In addition, our chief agribusiness service is grain procurement. Green Plains currently maintains just over 60 million bushels of grain storage capacity across all of our facilities.
Green Plains Partners
We are the general partner and majority owner of Green Plains Partners. This master limited partnership owns and operates ethanol and fuel storage tanks, terminals, transportation and other related assets to provide storage and transportation of ethanol and other fuels. These assets include ethanol storage capacity exceeding 38 million gallons and terminal storage capacity of 7.4 million gallons.
As worldwide demand for ethanol climbs, we expect more opportunities for the partnership to develop in an effort to further maintain efficiencies along the delivery channel.