Press release
Green Plains Announces Turnkey Solution for MSC™ Protein Technology
Tharaldson Ethanol Named Inaugural Turnkey Partner Green Plains introduces a turnkey solution for installation of Fluid Quip Technologies’ MSCTM protein
About this update from Green Plains, Inc.
[{"type":"text","content":"Tharaldson Ethanol Named Inaugural Turnkey Partner Green Plains introduces a turnkey solution for installation of Fluid Quip Technologies’ MSCTM protein technology.Through select joint venture partnerships, Green Plains plans to provide all product marketing, quality assurance and quality control (QA/QC), project management and future technology innovation, as well as up to 50% of capital. Green Plains and turnkey partners will collaborate to secure any non-recourse project financing.These joint ventures will share in all Ultra-High Protein and incremental renewable corn oil production, with Green Plains serving as the exclusive marketer of the renewable corn oil to maximize the product’s low-carbon intensity valuation through anticipated partnerships with renewable diesel producers.Green Plains expects to benefit from Ultra-High Protein and renewable corn oil value creation, with no additional ethanol margin exposure.Longtime industry construction firm Fagen, Inc. is expected to provide all engineering and construction services on turnkey MSCTM technology installations.Tharaldson Ethanol, a 175 million-gallon facility in Casselton, North Dakota, and one of the largest, best-in-class biofuel producers in the country, is the first turnkey partner.Green Plains plans to target strategic partnerships with 1 billion gallons of production capacity over the coming years. Discussions with multiple potential partners are ongoing. OMAHA, Neb., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Green Plains Inc. (NASDAQ:GPRE) today announced a turnkey solution for the installation of Fluid Quip Technologies’ MSC™ system to exclusive partners. Green Plains will provide its turnkey partners up to 50% of capital, as well as marketing and product development of the Ultra-High Protein and post-MSC™ distillers grains products, and utilization of Green Plains’ exclusive partnerships and internal expertise to help maximize product value. These turnkey solutions will also include quality assurance and control (QA/QC), engineering, project management and construction services, and collaboration on any non-recourse project financing. “Offering a turnkey solution is a significant milestone for Green Plains, accelerating our reinvention of the biofuels industry,” said Todd Becker, president and chief executive officer of Green Plains. “As Green Plains’ facilities fully...