We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Green Plains (GPRE) Updates on Nebraska Carbon Capture Project
Read MoreHide Full Article
Green Plains Inc. (GPRE - Free Report) has stated that the construction management agreements have been executed and the key equipment required to capture carbon from its Nebraska sites has been ordered. These milestones position the company to start construction in the second half of 2024 and begin the collection of the biogenic carbon dioxide associated with the production of 287 million gallons of ethanol per year in the second half of 2025.
The carbon capture equipment will be put at the company's Central City, Wood River and York, NE facilities and has been sized to allow for post-combustion carbon capture and enhanced production, with a total carbon capture capacity of up to 1.2 million tons.
The company is at the forefront of producing millions of gallons of low carbon-intensity ethanol and remains on pace to participate in the early days of the Clean Fuel Production Credit and low carbon fuel markets. It also produces high-quality carbon credits. By capturing biogenic carbon dioxide from fermentation, the company demonstrates its commitment to sustainable manufacturing processes and a desire to positively impact the communities it serves. Once operational, it expects to cut the carbon intensity of its biofuel in half, thereby establishing itself as one of the major providers of low-carbon-intensity feedstock for the commercial production of sustainable aviation fuel.
The project will also aid the company's whole portfolio by having a beneficial effect on high-quality ingredients like ultra high protein, sequence and renewable corn oil that are produced at its biorefineries in Nebraska.
GPRE has entered into construction agreements and funding arrangements to facilitate the ordering of the carbon sequestration equipment. The Trailblazer project is making progress, and once operational, it will safely transfer captured biogenic carbon dioxide from various Nebraska ethanol facilities to Wyoming sequestration wells for geological storage.
Shares of Green Plains have lost 52.7% over the past year compared with its industry’s 10.8% decline.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Green Plains currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are ATI Inc. (ATI - Free Report) , Carpenter Technology Corporation (CRS - Free Report) and Ecolab Inc. (ECL - Free Report) .
ATI currently carries a Zacks Rank #2 (Buy). ATI beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 8.3%. The company’s shares have gained 39.7% in the past year. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Carpenter Technology currently sports a Zacks Rank of 1. CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.1%. The company’s shares have surged 95.3% in the past year.
The Zacks Consensus Estimate for Ecolab's current-year earnings is pegged at $6.59 per share, indicating a year-over-year rise of 26.5%. The consensus estimate for ECL’s current-year earnings has gone up in the past 30 days.
ECL, which carries a Zacks Rank of 2 at present, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 1.3%. The company’s shares have gained roughly 33.6% in the past year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Green Plains (GPRE) Updates on Nebraska Carbon Capture Project
Green Plains Inc. (GPRE - Free Report) has stated that the construction management agreements have been executed and the key equipment required to capture carbon from its Nebraska sites has been ordered. These milestones position the company to start construction in the second half of 2024 and begin the collection of the biogenic carbon dioxide associated with the production of 287 million gallons of ethanol per year in the second half of 2025.
The carbon capture equipment will be put at the company's Central City, Wood River and York, NE facilities and has been sized to allow for post-combustion carbon capture and enhanced production, with a total carbon capture capacity of up to 1.2 million tons.
The company is at the forefront of producing millions of gallons of low carbon-intensity ethanol and remains on pace to participate in the early days of the Clean Fuel Production Credit and low carbon fuel markets. It also produces high-quality carbon credits. By capturing biogenic carbon dioxide from fermentation, the company demonstrates its commitment to sustainable manufacturing processes and a desire to positively impact the communities it serves. Once operational, it expects to cut the carbon intensity of its biofuel in half, thereby establishing itself as one of the major providers of low-carbon-intensity feedstock for the commercial production of sustainable aviation fuel.
The project will also aid the company's whole portfolio by having a beneficial effect on high-quality ingredients like ultra high protein, sequence and renewable corn oil that are produced at its biorefineries in Nebraska.
GPRE has entered into construction agreements and funding arrangements to facilitate the ordering of the carbon sequestration equipment. The Trailblazer project is making progress, and once operational, it will safely transfer captured biogenic carbon dioxide from various Nebraska ethanol facilities to Wyoming sequestration wells for geological storage.
Shares of Green Plains have lost 52.7% over the past year compared with its industry’s 10.8% decline.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Green Plains currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are ATI Inc. (ATI - Free Report) , Carpenter Technology Corporation (CRS - Free Report) and Ecolab Inc. (ECL - Free Report) .
ATI currently carries a Zacks Rank #2 (Buy). ATI beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 8.3%. The company’s shares have gained 39.7% in the past year. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Carpenter Technology currently sports a Zacks Rank of 1. CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.1%. The company’s shares have surged 95.3% in the past year.
The Zacks Consensus Estimate for Ecolab's current-year earnings is pegged at $6.59 per share, indicating a year-over-year rise of 26.5%. The consensus estimate for ECL’s current-year earnings has gone up in the past 30 days.
ECL, which carries a Zacks Rank of 2 at present, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 1.3%. The company’s shares have gained roughly 33.6% in the past year.