|
Corporate Information: Green Plains Renewable Energy, Inc.
| Symbol: |
GPRE |
| Exchange: |
Nasdaq |
| Issued/Outstanding: |
6,000,000 / 7,300,000 |
Company Description
Green Plains Renewable Energy (NASDAQ: GPRE) (Corporate Profile, News and Info) is currently building two 50 million gallon name plate ethanol facilities in Iowa. The first is being built in Shenandoah, Iowa. That plant is fully funded and is expected to commence operations in mid-2007. GPRE recently closed a secondary offering of its common stock, which gave the Company approximately $47 million net. Those funds will finance part of the construction and start-up costs of the Company's second 50 million gallon name plate facility being built near Superior, Iowa. Start-up of the Superior plant is anticipated to be sometime in the later part of 2007. Upon the completion of both plants, the Company anticipates that it will have the capacity to produce at least 110 million gallons of ethanol on an annual basis.
|
|
