Green Plains Begins Commissioning of the Demonstration Facility Combining Fluid Quip Technologies’ MSC™ with Shell Fiber Conversion Technology

OMAHA, Neb., March 25, 2024--(BUSINESS WIRE)--Green Plains Inc. (NASDAQ:GPRE) today announced that it has begun commissioning of the York, Nebraska, demonstration facility combining Fluid Quip Technologies’ precision separation and processing technology (MSC™) with Shell Fiber Conversion Technology (SFCT). The new facility combines fermentation, mechanical separation and fiber conversion technology into one platform. This facility will demonstrate the potential to liberate all available renewable corn oil currently bound in the fiber fraction of the corn kernel, generate cellulosic sugars for production of low-carbon fuels, and further enhance and expand production of Ultra-High Protein feed ingredients for global animal feed diets.

"We believe that pairing together FQT’s best-in-class mechanical separation technology with Shell’s cutting-edge chemical process solidifies our path to revolutionizing the grain processing and biofuels landscape as we’ve known it," said Todd Becker, President and Chief Executive Officer of Green Plains. "This collaboration has the potential to transform how we process agricultural products – maximizing the availability of low-carbon feedstocks for fuels and high-value animal nutrition markets."

"I am delighted to see this innovative partnership of sustainable technologies achieve this important milestone," said Sinead Lynch, Senior Vice President Low Carbon Fuels, Shell. "This was accomplished through close collaboration with our partners at Green Plains, and as a result of the dedication and hard work of the joint project team. The SFCT + MSC process is an exciting development for our Low Carbon Fuels business and brings us one step closer to delivering additional sustainable products for our customers."

Product and market development for the Ultra-High Protein feed ingredients is already underway, with active involvement from potential customers. Following successful demonstration of the combined technology, and subject to positive final investment decisions, Green Plains and Shell will look for potential opportunity to take this technology platform forward through full commercial deployment, beginning with one of Green Plains’ existing MSC™ facilities. Green Plains will market and distribute protein products through the company’s animal nutrition platform, and Shell will manage the energy-based low-carbon feedstocks and products for various uses within its global platform.

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 Ultra-High Protein 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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Contacts

Green Plains Inc. Contacts
Investors: Phil Boggs | Executive Vice President, Investor Relations and Finance | 402.884.8700 | phil.boggs@gpreinc.com
Media: Lisa Gibson | Communications Manager | 402.952.4971 | lisa.gibson@gpreinc.com