(Green Plains/Ethanol Producer Magazine) Green Plains Inc. and Ospraie Management today announced that recently acquired Fluid Quip Technologies is engineering and constructing a fully scalable commercial Clean Sugar Technology production facility at the Green Plains York Innovation Center. This technology effectively transforms a dry milling facility into a clean sugar biorefinery where dextrose/glucose replaces ethanol as the primary product.
“Over the past two years, Green Plains has made strategic investments to dramatically transform our business into a leading, technology-focused producer of sustainable, value-added ingredient solutions,” said Todd Becker, president and CEO of Green Plains. “Fluid Quip is leveraging our York Innovation Center to validate and develop technologies, beginning with their patented CST system. We believe this technology will provide industrial quantities of carbohydrate feedstock for manufacturing applications in the growing biochemical, rene
Co-located on the York, Neb. biorefinery campus, the Green Plains York Innovation Center was originally built by the previous owners for over $70 million. It is comprised of pilot and industrial scale fermentation systems which have been utilized for various functions including sugar based cellulosic fuel developments, algae production, yeast fermentation processes, as well as antimicrobial scale up for third party customers. A world class analytics lab allows for rapid testing of process yields and efficiencies. Additionally, the York Innovation Center has downstream separation equipment which is ideal for testing enhancements to the CST system, as well as the MSC™ technology. Green Plains expects the initial CST project at the York Innovation Center to begin production by the end of the first quarter.
by Kim Chipman (Bloomberg) Green Plains Inc. Chief Executive Officer Todd Becker is getting closer to his goal of never having to worry about U.S. ethanol policy again. Instead of awaiting Washington’s next move in the industry’s battle with Big Oil for share of gasoline tanks, Becker is working to transform Green Plains into an agricultural technology company focused on extracting more oil and high-value proteins from corn, with ethanol merely a byproduct.
Last week, the company joined with asset management firm Ospraie Management LLC to buy a majority stake in Fluid Quip Technologies as part of Green Plains’ push to make protein-dense ingredients used in products like animal feed. Investors so far approve, with Green Plains’ stock rising 37% since Jan. 4, the day before the deal was announced.
Blankfein Called It, Now the Whole World Is Watching Commodities
Bloomberg 1/16/2021 Isis Almeida, Michael Tobin, Andres Guerra Luz and Michael Roschnotti
(Bloomberg) It was mid-September when Lloyd Blankfein, the former chief executive officer of Goldman Sachs Group Inc., suggested investing in commodities was “not a bad thing.” Prices for most materials were just off pandemic lows and the asset class was still very much the ugly duckling.
Fast forward four months and commodities are surging. Goldman Sachs, Bank of America Corp. and Ospraie Management LLC have all called for a bull market as stimulus kicks in and vaccines help the world emerge from the coronavirus crisis. JPMorgan Chase & Co. has also joined the chorus, advising clients to boost their exposure to materials while reducing investments in bonds.
Green Plains and Ospraie buy majority interest in Fluid Quip Technologies : Biofuels Digest biofuelsdigest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biofuelsdigest.com Daily Mail and Mail on Sunday newspapers.