Green Plains Inc. (Green Plains) is engaged in the business of producing ethanol. Company operates through four business segments: Ethanol Production, Agribusiness and Energy Services, Food and Ingredients, and Partnership. Company ethanol production business includes the production of ethanol, distillers grains and corn oil at 17 ethanol plants in Illinois, Indiana, Iowa, Michigan, Minnesota, Nebraska, Tennessee, Texas and Virginia. Agribusiness and energy services segment consists of grain procurement, with approximately 59.6 million bushels of grain storage capacity, and its commodity marketing business, which markets, sells and distributes ethanol, distillers grains and corn oil produced at its ethanol plants. Green Plains’ food and ingredients segment consists of four cattle feeding operations with the capacity to support approximately 258,000 head of cattle and grain storage capacity of approximately 9.6 million bushels, Fleischmann’s Vinegar, one of the world’s largest producers of food-grade industrial vinegar, and its food-grade corn oil operations. Company’s partnership segment provides fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses.
Company’s revenues increased $185.3 million or 5.4% to $3.6 billion for the fiscal year ended December 2017, compared with 2016. This revenue growth was primarily due to the acquisition of the Madison, Mount Vernon and York ethanol plants and Fleischmann’s Vinegar during the third and fourth quarters of 2016, respectively, and cattle feeding operations during the first and second quarters of 2017, and an increase in ethanol and corn oil volumes sold.
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