Le Lézard
Classified in: Environment
Subject: Business Update

Green Plains Announces Updates on ?Advantage Nebraska' Carbon Capture Project


Green Plains Inc. (NASDAQ:GPRE) today announced that the construction management agreements have been executed and the major equipment necessary to capture the carbon from its Nebraska facilities has been ordered. These milestones position the company to commence construction in the second half of 2024, and to begin capturing the biogenic carbon dioxide associated with the production of 287 million gallons of ethanol annually beginning in the second half of 2025. The carbon capture equipment will be installed at the company's Central City, Wood River and York, Nebraska locations and has been sized to accommodate the potential for post-combustion carbon capture and increased production, with overall carbon capture capacity up to 1.2 million tons.

"We are at the forefront of producing millions of gallons of low carbon-intensity ethanol, and we remain on track to participate in the early days of the Clean Fuel Production Credit and low carbon fuel markets, in addition to producing high-quality carbon credits," said Todd Becker, President and CEO of Green Plains. "By capturing our biogenic carbon dioxide from fermentation, we are demonstrating our commitment to sustainable production practices and our dedication to positively impacting the communities we serve. Once operational, we believe we will reduce the carbon intensity of our biofuel by half which positions us to be one of the largest producers of low carbon-intensity feedstock for the commercial production of sustainable aviation fuel. We also believe it will positively impact the high-quality ingredients such as Ultra High Protein, Sequencetm and renewable corn oil that we produce at our Nebraska biorefineries, further advantaging our entire portfolio."

Green Plains has entered into construction agreements and applicable financing arrangements necessary to facilitate the ordering of the carbon sequestration equipment. The Trailblazer project continues to make progress, and once operational is expected to safely transport captured biogenic carbon dioxide from several Nebraska ethanol facilities to sequestration wells in Wyoming for permanent geologic storage.

About Green Plains Inc.

Green Plains Inc. (NASDAQ:GPRE) is a leading biorefining company focused on the development and utilization of fermentation, agricultural and biological technologies in the processing of annually renewable crops into sustainable value-added ingredients. This includes the production of cleaner low carbon biofuels and renewable feedstocks for advanced biofuels. Green Plains is an innovative producer of Sequencetm and novel ingredients for animal and aquaculture diets to help satisfy a growing global appetite for sustainable protein. For more information, visit www.gpreinc.com.


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